Decision on the Delivery Body's review of the Relevant Balancing Services Guidelines 2024
2 publications
Capacity Market: Rule Amendments to support Auction Liquidity
DESNZ proposes rule changes to prevent emissions verification deadlines from reducing Capacity Market auction liquidity. The changes include conditional deadline extensions for generators required to submit verified emissions declarations at prequalification. This addresses administrative bottlenecks that could force viable capacity out of auctions due to paperwork delays rather than economic merit.
This is process improvement rather than market reform — fixing an administrative problem that creates artificial scarcity in capacity auctions. As such, it maintains the existing market structure while removing a bureaucratic constraint that reduces competition.
Source text
This consultation seeks views on proposals designed to tackle potential risks which have been identified since the commencement of Capacity Market emissions verifications. This is to ensure auction liquidity is not needlessly adversely affected by the verification process.
The consultation includes a proposal to introduce a conditional deadline extension for CM applicants which are required to submit a verified emissions declaration at prequalification, as well as other amendments and improvements to ensure the functionality of the verification process.
Read the [consultation document on GOV.UK](https://www.gov.uk/government/consultations/capacity-market-rule-amendments-to-support-auction-liquidity).
Decision on the Delivery Body's review of the Relevant Balancing Services Guidelines 2024
Ofgem approves revisions to the Relevant Balancing Services Guidelines proposed by the Capacity Market Delivery Body for 2024. The decision letter outlines which specific changes have been accepted to the technical guidelines that determine which balancing services are relevant for capacity market participation.
Parameter adjustment to existing capacity market rules rather than structural reform. The guidelines determine which balancing services count towards capacity market obligations, as such minor revisions affect compliance costs for capacity providers but do not change market design fundamentals.
Source text
Decision on the Delivery Body's review of the Relevant Balancing Services Guidelines 2024 | Ofgem
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Decision on the Delivery Body's review of the Relevant Balancing Services Guidelines 2024
Publication type:
Decision
Publication date:
25 March 2024
Topic:
Electricity transmission
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This letter outlines our decision on revisions proposed by Capacity Market Delivery Body to the Relevant Balancing Services Guidelines for 2024.
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Decision on the Delivery Body's review of the Relevant Balancing Services Guidelines 2024 [PDF, 104.29KB]
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DESNZ: DESNZ proposes rule changes to prevent emissions verification deadlines from reducing Capacity Market auction liquidity. The changes include conditional deadline extensions for generators required to submit verified emissions declarations at prequalification. This addresses administrative bottlenecks that could force viable capacity out of auctions due to paperwork delays rather than economic merit. Ofgem: Ofgem approves revisions to the Relevant Balancing Services Guidelines proposed by the Capacity Market Delivery Body for 2024. The decision letter outlines which specific changes have been accepted to the technical guidelines that determine which balancing services are relevant for capacity market participation.