Insights: 3 lessons learnt from market reform

Looking back, it’s hard to believe that it was ten years ago that the then Department of Energy and Climate Change (DECC) undertook its Energy Market Assessment, which recommended Electricity Market Reform. Five years on from the first allocations, the Contract for Difference (CfD) and the Capacity Market (CM) remain key tools in the decarbonisation of GB electricity. Time to reflect on what we have learnt, and what it means for Net Zero and the next phase of reforms needed to deliver it.