Capacity providers paid over £1bn in full settlement of CM standstill period

The Electricity Settlements Company (ESC) has announced that capacity providers have today been paid over £1bn in full settlement of their deferred capacity payments for the standstill period. The payment is a major milestone in the restart of the capacity market scheme, following suspension of payments to generators and collections from suppliers as a result of the November 2018 ruling by the European Union General Court of Justice, and the consequent introduction of a standstill period for the scheme.

LCCC and ESC have also announced today, 20 January 2020, the publication of new capacity market dashboards with data and metrics relating to the scheme, accessible through the Schemes dashboards. Read the press release here.