auction

Image: Getty.
February 10, 2020

Role of T-1 auctions questioned as clearing price remains low at £1/kW

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.
Statkraft purchases two Shetland wind farms. Image: Getty.
September 20, 2019

Offshore wind smashes price records in third CfD auction round

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.
Image: Getty.
June 14, 2019

T-1 Capacity Market auction clears at record low

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.
The RESPs will Roadnight Taylor urges Ofgem to explore ‘appropriate mechanism’ for SGT reinforcement. Image: Getty.
June 13, 2018

National Grid unveils streamlined Capacity Market auction process, sets 2018/19 dates

National Grid has announced proposed dates for next year’s Capacity Market auctions, unveiling a streamlined appeals and auction process.
The Vulnerability Commitment’s signatories include Octopus Energy
January 3, 2018

National Grid recommends cuts to looming Capacity Market auction targets

National Grid has recommended that targeted capacity for both the T-1 2018/19 and T-4 2021/22 Capacity Market auctions be cut.

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