LCCC-ESC press notice: 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 published today new capacity market dashboards with data and metrics relating to the scheme, accessible through the Schemes dashboards.