The government has established the Capacity Market (CM) as part of its Electricity Market Reform policy. It is intended to incentivise investment in more sustainable, low-carbon electricity capacity at the least cost for energy consumers. This is needed to help secure electricity supplies for the future.
Our role in the CM
The Regulations provide the overarching policy and design, including the powers the Secretary of State (SoS) will hold in overseeing the CM. The Rules have been made by the SoS and provide the practical detail on how the CM will operate under the Regulations. They cover the:
- details on the contents of capacity agreements
- obligations of capacity agreement holders, including penalties
- technical operation of the Capacity Market.
We manage and make any changes to the CM Rules through our CM Rules change process.
CM Rules change proposal submissions
You can find out how we will manage changes to the rules and download the change proposal form in our CM Rules change process guidance page.
Previously submitted change proposals can be found on our Capacity Market Rules Change Proposals page.
The latest consolidated version of the Rules can also be found at the link on this page under 'Related information'.