Electricity Market Reform 25 May 2012
Electricity Market Reform in Northern Ireland
Energy Minister Arlene Foster MLA, has today announced how Northern Ireland will implement a series of measures as part of UK–wide implementation of Electricity Market Reform (EMR). This follows the publication today of the Department of Energy and Climate Change’s draft Energy Bill.
As part of EMR implementation, the Minister today confirmed that, subject to a Legislative Consent Motion in the Northern Ireland Assembly, DECC’s Energy Bill will extend to Northern Ireland for the purposes of:
· The introduction of a Feed in Tariff with Contracts for Difference (FIT CfD) for large scale renewable electricity generation (greater than 5 MW) no earlier than 2016;
· Administration of the FIT CfD on a UK–wide basis;
· A UK–wide Fixed Renewable Obligation Scheme from 2027 to minimise the risk of a hiatus in investment in new renewable generating stations and to maintain confidence in the stability of conditions for investment in renewable energy; and
· The introduction of a UK–wide Emissions Performance Standard for new coal fired power stations to limit the amount of carbon that they can emit.
The Minister has also confirmed:
· The closure of the Northern Ireland Renewables Obligation (NIRO) to new generation and additional capacity after 31 March 2017;
· Extension of the NIRO to 2037 to ensure that stations accrediting up until 2017 receive the full 20 years support; and
· Her intention to introduce the enabling powers for a small scale Feed–In Tariff in the forthcoming DETI Energy Bill.