Electricity Market Reform
This summer new legislation is coming in which will introduce new costs in to the electricity market, through a package of measures known as Electricity Market Reform (EMR).
EMR is a package of Government policies designed to deliver new investment in lower carbon energy sources.
The UK needs approximately £110bn of investment in its energy infrastructure over the next decade in order to secure power supplies for the future, and reduces our environmental impact – and to do so in a way that controls the impact on customer bills. New power generation capacity is needed to replace retiring nuclear and fossil-fuelled power stations and to help maintain a secure power supply and it’s crucial that we deliver new investment in lower carbon generation to help meeting government environmental targets.
The key mechanisms of EMR will create a system of support for lower carbon power generation (eg wind farms) as well as providing security for those who ‘keep the lights on’ by keeping their plants available as back-up for times when renewable sources are unavailable.
For further information and the latest updates from the government:
GTC Services available to Savills include:
- Tenant Recharges
- Site Energy Audits
- AMR and Data Services
- Utility Procurement
- Online Services
- Bill Validation
For more information about this or any of our services please contact Kevin Parker (Operation Director) :