Suspension of the Capacity Market
ESC has today received a letter from BEIS requesting that capacity payments are suspended with immediate effect, following the decision by the General Court of the Court of Justice of the European Union annulling the European Commission’s state aid approval of the Capacity Market. From today ESC has therefore suspended all capacity payments and collection of the Capacity Market Supplier Charge that funds them from electricity suppliers. We will be returning to electricity suppliers their share of any funds for 2018/19 capacity payments that we are currently holding. We have also commenced a process to return to electricity suppliers (who fund the scheme) and capacity providers (who benefit from the scheme), any credit cover we are holding in respect of payments that have now been suspended.