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About the Electricity Market Reform: The EMR sets out the Government’s commitment to transform the UK’s electricity system to ensure that the UK’s future electricity supply is secure, low-carbon and affordable. The package of reforms outlined here will mean that by 2030 the UK will have: a flexible, smart and responsive electricity system, powered by a diverse and secure range of low-carbon sources of electricity, with a full part played by demand management, storage and interconnection; competition between low-carbon technologies that will help to keep costs down; a network that will be able to meet the increasing demand that will result from the electrification of our transport and heating systems; and this transition will be made at the least cost to the consumer.
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Masterclass overview: The Government published its White Paper on electricity market reform on 12 July. The White Paper sets out key measures to attract investment, reduce the impact on consumer bills, and create a secure mix of electricity sources, including gas, new nuclear, renewables, and carbon capture and storage. The Masterclass will take attendees through the rationale for reform, the key elements of the reform package, and the next steps on the road to reform.
Masterclass aim: The event will offer an opportunity for participants to discuss with Tim Warham and each other the detailed reform package within the White Paper, and the further design work in train ahead of the introduction of a Bill to Parliament in the spring.
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About your masterclass leader:
Tim Warham
Senior Policy Adviser at UK Government, Department of Energy and Climate Change
Tim Warham heads up the public finance and EU parts of the EMR programme, is vastly experienced in the energy field, having also worked at Poyry and Deloitte
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About DECC: The Department of Energy and Climate Change was created in October 2008. Its mission is to power the country and to protect the planet
Who should attend:
• Directors/Heads of regulatory affairs
• Directors/Head of strategy
• Investors
• Project developers
• Project finance
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