EP UK Investments - Capacity Market Rules CP293

This proposal would amend the Capacity Market Rules so that Existing CMUs which opted out of the T-4 auction for a Delivery Year on the basis that they would be closed down by the start of the Delivery Year are no longer excluded from participating in the T-1 auction for that Delivery Year. This will ensure liquidity in the T-1 auctions and remove perverse incentives when CMUs are making opt out decisions at the T-4 stage.