'A rigged system': Capacity Market provides £12.5bn in fossil fuel subsidies since 2015

James Murray
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Aurora Energy Research highlights how Capacity Market continues to be dominated by gas power plants

The UK's Capacity Market has seen £12.5bn provided to fossil fuel generation assets since the Paris Agreement was signed in 2015, with the subsidies funded through a levy on energy bills. A new report...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

The government must address electricity prices to lower bills and boost competitiveness

The government must address electricity prices to lower bills and boost competitiveness

There is no silver bullet for solving Britain's high electricity prices - rather, an effective package of measures across strategies is needed to shift to a clean energy system, writes the Aldersgate Group's Marie-Laure Hicks

Marie-Laure Hicks, Aldersgate Group
clock 10 June 2025 • 5 min read
Future Homes Standard: 'Vast majority' of new build homes to feature rooftop solar panels

Future Homes Standard: 'Vast majority' of new build homes to feature rooftop solar panels

Government confirms an estimated 99 per cent of new build homes in England will require rooftop solar panels, as Lib Dems celebrate 'Sunshine Bill' success

Stuart Stone
clock 06 June 2025 • 6 min read
IEA: Global clean energy investment to hit record $2.2tr in 2025

IEA: Global clean energy investment to hit record $2.2tr in 2025

Global investment in renewables and clean technologies expected to be double that in fossil fuels in 2025, as total global energy investment set to surge to a record $3.3tr, new IEA report predicts

Stuart Stone
clock 05 June 2025 • 6 min read