DESNZ publishes response to market intervention for H2P deployment consultation
The Department for Energy Security and Net Zero (DESNZ) has published the response to its December 2023 consultation on a market intervention to support hydrogen to power (H2P) deployment. Following stakeholder feedback, the government confirmed that it will introduce a market intervention in the form of a Hydrogen to Power Business Model (H2PBM), incorporating elements of the Dispatchable Power Agreement, to de-risk investment and accelerate H2P deployment. DESNZ intends to consult with stakeholders on H2PBM design principles in Spring 2025 and seeks to facilitate H2P participation in the Capacity Market as soon as practicable.