Barking Reach Power Station was constructed between 1992 and 1995 on Chequers Lane, and was the first major generating station to be built in London for many years. Decommissioning of the power station started in 2018. In December 2018, the
City of London Corporation acquired Barking Power Ltd along with the Barking Reach Power Station site. The historic City of London Corporation is obliged to provide wholesale markets through legislation enacted in the Victorian era. It proposes to relocate
Billingsgate Fish Market (currently in
Poplar),
Smithfield Meat Market (in Central London) and
New Spitalfields Market (currently in
Leyton) to a new consolidated site. The corporation considered potential sites in
Silvertown,
Fairlop,
Thurrock and Dagenham Dock and the possible expansion of the New Spitalfields site in Leyton. The Barking Reach Power Station site was selected in April 2019. In March 2021,
Barking and Dagenham Council gave outline planning permission for the City of London Corporation proposals. On 28 November 2022, the corporation submitted a
private bill to allow the relocation of Smithfield and Billingsgate markets. In February 2023,
Havering Council attempted to use the 1247 market rights of
Romford Market to block the opening of the consolidated wholesale market to the general public. The new consolidated market was expected to become operational in 2027/2028. However, in November 2024, the Court of Common Council announced it did not intend to proceed with these plans as they were no longer economically viable; instead, Billingsgate Fish Market and Smithfield Market would close in or after 2028 with no replacements, while New Spitalfields Market would continue as a London hub for wholesale fruit and vegetable produce. ==Geography==