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100657
star this property registered interest false more like this
star this property date less than 2014-10-23more like thismore than 2014-10-23
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
unstar this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Electricity Generation more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government, in the rules governing capacity market auctions, what measures have been included to guard against undue market dominance by any of the companies bidding in the capacity market mechanism; and whether OFGEM has a role in overseeing fair competition in the mechanism. more like this
star this property tabling member printed
Baroness Worthington more like this
star this property uin HL2388 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove maximum value filtermore like thismore than 2014-10-30
star this property answer text <p>The Capacity Market has been designed to mitigate the risks of gaming. We commissioned expert external advice from Charles River Associates on this issue and implemented the recommendations contained within that report which is available on the DECC website:</p><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/252746/CRA_Report_on_the_Capacity_Market_Gaming_Risks.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/252746/CRA_Report_on_the_Capacity_Market_Gaming_Risks.pdf</a>.</p><p>Anti-gaming measures include having in place an auction monitor who will ensure that the rules are properly followed by all participants during the auction. If the auction monitor were to find any irregularities, the Secretary of State ultimately has the ability to annul the auction after it has taken place.</p><p>Ofgem has the power to investigate any company bidding into the auction should they consider this necessary.</p> more like this
star this property answering member printed Baroness Verma more like this
star this property question first answered
less than 2014-10-30T16:48:27.6534581Zmore like thismore than 2014-10-30T16:48:27.6534581Z
star this property answering member
3790
star this property label Biography information for Baroness Verma more like this
star this property attachment
1
unstar this property file name CRA_Report_on_the_Capacity_Market_Gaming_Risks.pdf remove filter
star this property title CRA Report on the Capacity Market Gaming Risks more like this
star this property tabling member
4235
unstar this property label Biography information for Baroness Worthington more like this