Electricity Settlements Company (ESC) has published today, 8 January 2020, its Annual Performance Report 2019.
On 15 November 2018 the judgment of the General Court of the Court of Justice of the European Union had the effect of annulling the European Commission’s State Aid approval for the CM and introduced a standstill period. This standstill period covered the period from 15 November 2018 until 25 October 2019, being almost the entirety of the capacity year to which this report relates.
During the standstill period, ESC suspended the collection of funds from suppliers and payments to capacity providers, but other aspects of the CM continued. A highlight of this year’s Annual Performance Report is the preparatory work undertaken by ESC to ensure the smooth restart of the capacity market.