Electricity Market Reform

DEFINITION: A UK Government policy to incentivise investment in secure, low-carbon electricity, improve the security of electricity supply, and improve affordability for consumers. The two main elements of EMR are; Contracts for Difference (CfDs), which provides long-term price security to renewable energy providers; and the Capacity Market, which will helps ensure security of electricity supply at the least cost to the consumer.

See also: Contracts for Difference (CfD)

See also: Capacity Market