United Kingdom (Electricity Market Reform)

The United Kingdom's Electricity Market Reform (EMR) is a set of policies designed to ensure a reliable, affordable, and low-carbon energy supply. It aims to attract investment in clean electricity generation, maintain security of supply, and reduce greenhouse gas emissions. Key components include contracts like Contracts for Difference (CfDs) that guarantee income for low-carbon producers, Capacity Market payments to ensure enough power plants are available, and measures to improve energy efficiency. Overall, EMR balances environmental goals with stable, sufficient electricity supplies to meet future demand.