https://www.ofgem.gov.uk/ofgem-publications/87782/electricitybalancingsignificantcodereview-finalpolicydecision.pdf<\/a>.<\/p>It is therefore expected that this modification has been already factored into Capacity Market auction bids, by current and potential future participants.<\/p>
Other things being equal, a more cost-reflective wholesale electricity price would be expected to lower bids in the CM; greater revenues earned through the electricity market would offset revenues sought via the Capacity Market. Please see Ofgem\u2019s Impact Assessment on implementation of EBSCR changes for further details:<\/p>
https://www.ofgem.gov.uk/ofgem-publications/87787/electricitybalancingsignificantcodereview-finalpolicydecisionimpactassessment.pdf<\/a>.<\/p>"}
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