Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 27 April 2011.
Terms of Reference
Summary
1 Introduction
Carbon Price Support Consultation
Acknowledgments
2 Background
The British Electricity Trading and Transmission Arrangements (BETTA)
The new priorities
The investment challenge
New sources of finance are needed
Investment is a global game
What the Government is proposing
3 DECC's high level objectives
Decarbonisation
Security of supply
Affordability
Extra objectives
4 The electricity wholesale market
The need for reform of the wholesale market
Liquidity and the problem of Vertically Integrated Players (VIPs)
Ofgem's role in improving liquidity
5 Long term contracts
Designing a UK FIT
Different levels of Feed-in Tariffs for different low-carbon technologies
Different kinds of Feed-in Tariff for different low-carbon technologies
Feed-in Tariffs and new nuclear
How will contracts be designed?
6 Carbon Price Support (CPS)
Carbon Price Support in EMR
Carbon Price Support in the 2011 Budget
Creating a price for carbon
The effectiveness of a unilateral Carbon Price Support
Uncertainty
Windfall profits
Impacts on competitiveness
7 Capacity mechanism
Rationale and objectives
Institutional arrangements
Design features
8 Emissions Performance Standard (EPS)
9 Investment: risks and returns
The need for "fair" returns
The need for confidence
The need for simplicity
Interactions between CPS and FITs
Interactions between FITs and a capacity mechanism
Other risks
10 Energy consumers
Domestic consumers
Business Consumers
Political acceptability
11 Demand side measures
What can demand side measures deliver?
Demand side measures and the EMR proposals
Carbon Price Support
Feed-in Tariffs
12 Transition period and implementation of the new regime
Avoiding an investment hiatus
Transition from the Renewables Obligation to Feed-in Tariffs
Need for a roadmap
13 Conclusion
Conclusions and recommendations
Formal Minutes
Witnesses
List of printed written evidence
List of additional written evidence
List of Reports from the Committee during the current Parliament
Oral and written evidence
18 January 2011 25 January 2011 2 February 2011 8 February 2011 15 February 2011 15 March 2011 (morning) 15 March 2011 (afternoon)
Written Evidence
Additional written evidence (unprinted)
