Electricity market needs reform to stop ‘drift to central planning’

The government has been urged to “stop the drift to central planning” by phasing out the Contracts for Difference and Capacity Market schemes by the mid-2020s and replacing them with a mandate on market participants to bring about decarbonisation. The Energy Systems Catapult said they have been effective in increasing renewables' share of the electricity mix but are now “progressively undermining wholesale markets” and creating a situation whereby “policymakers effectively choose which technologies to support”.

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