Research and Markets: Reforms and Capacity Markets Support the Growth of Gas-fired Power in the UK

DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Reforms and Capacity Markets Support the Growth of Gas-fired Power in the UK" report to their offering.

Regional and national emission directives coupled with aging plants have forced the pre-closure of several efficient coal-fired plants in the UK. The aging nature of the current nuclear power plant fleet and strict renewable targets are making it increasingly difficult for the power sector in the UK to ensure a sustainable power supply in the future. For the same reason, the UK government is planning to establish a capacity market in the country to ensure a reliable electricity supply. The capacity market will establish a mechanism to avoid blackouts resulting from inadequate capacity by providing incentives for installing flexible capacity power plants to meet peak demand. Moreover, the government has also set up Emission Performance Standards (EPS) and set up a carbon price floor to reduce the harmful emissions from the country's power sector. The government has also announced that it will provide incentives to encourage investments in shale gas exploration. This will promote the usage of gas-fired Combined Cycle Gas Turbine (CCGT) power plants in order to cover peak and intermittent electricity demands and consequently support the growth of gas-fired power in the country.

Scope

- Market prospects for gas-fired power in the UK

- Key value propositions of increased use of gas for power generation

- Key reforms influencing the development of gas-fired power generation capacity in the UK

- Opportunities for investing in gas-based flexible capacity power plants

Key Topics Covered:

1 List of Tables and Figures

2 Summary

3 Reforms and Capacity Markets Support the Growth of Gas-fired Power in the UK

3.1 Recent Policy Measures Promote the Increased Use of Gas for Power Generation in the UK

3.2 Flexibility Needs Drive the Capacity Markets for Enabling the Growth of Gas-fired Power in the UK's Thermal Power Mix

4 Appendix

4.1 Abbreviations

4.2 Sources

4.3 Methodology

4.4 Contact Us

4.5 Disclaimer

For more information visit Research and Markets

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.