Seminar: Increasing renewables deployment through market mechanisms Programme

Time
Details
10:00

Contracts for Difference – exploring the present and looking to the future

Having delivered a route to market for a substantial percentage of the UK’s renewable capacity, the CfD has become a core component of the renewables sector.  
On one hand, the CfD is a huge success, delivering the cheapest forms of electricity generation and increasing renewables deployment. On the other, concern is rising about the sustainability of prices, their impact on the supply chain and the reality of cost reduction as material costs rocket – issues the CfD was not designed to address.

As the sector matures, the CfD must evolve to reflect the need for a robust local supply chain and ever greater energy security.

In this session you’ll learn:

  • Key insights into what AR4 delivered and why
  • The experts’ views on the outlook for AR5
  • The latest thinking on the future of the CfD out to 2030

Speaker
Sulaiman Ilyas-Jarrett, Head of Policy and Strategy, Renewable Delivery, BEIS

Q & A

11:00

Comfort break

11:30

REMA wasn’t built in a day – creating an electricity market fit for net-zero

The Review of Electricity Market Arrangements (REMA) promises the reforms necessary to achieve a decarbonised power sector by 2035 and net-zero energy system by 2050.

In theory, this means an electricity market designed for a renewables-dominated system. But with Locational Marginal Pricing, the splitting of the wholesale market and alternatives to the CfD all in the mix, it’s far from certain that this is what REMA will deliver.

In this session you’ll learn:

  • The scope and scale of the changes REMA will bring
  • The opportunities and challenges REMA presents for renewables
  • How the renewables industry can prepare for the impact of REMA

Speaker
Rachel Cary, Head of Policy, REMA, BEIS
Kate Mulvany, Senior Consultant, Cornwall Insight

Q & A

12:35

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