The UK’s new capacity market will never look so good again

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Navigant’s Cliff Hamal and Ian Smyth consider the experience of capacity markets in the USA and ask what lessons those markets have for the UK in New Power’s July issue.

“No one should be under the illusion that once you adopt a capacity market regulators will step back and allow “competition” to act freely. Capacity market prices are the direct result of complicated US market rules, not competitive market forces.”

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