The latest T-1 Capacity Market (CM) auction has cleared at £1.00/kW/y, with just two storage assets winning contracts, prompting renewed questions over the benefits of running such auctions.
The UK’s offshore wind sector has smashed records for price in the government’s third Contracts for Difference auction round, with prices running as low as £39.65/MWh.
This week’s T-1 Capacity Market (CM) auction cleared at a record low clearing price of just £0.77/kW, with just one new build battery storage project winning a contract.
National Grid has announced proposed dates for next year’s Capacity Market auctions, unveiling a streamlined appeals and auction process.
National Grid has recommended that targeted capacity for both the T-1 2018/19 and T-4 2021/22 Capacity Market auctions be cut.