Record low clearing prices in the T-1 Capacity Market auction have rendered the mechanism unfit for purpose, while meeting its minimum requirements could seem “fatally onerous” for battery storage developers.
The UK’s energy networks have made a “major step forward” to creating a net zero-ready energy system, agreeing to six common steps for flexibility procurement.
Statkraft has announced a 15-year partnership with independent power producer Statera Energy, which will see the latter bring 1GW of flexible generation assets to market.
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 UK recorded its greenest ever winter in 2018/19, as mild conditions, high renewable output and system flexibility combined to send carbon intensity tumbling.
Flexibility providers sprung into action late last week after Britain’s interconnector suffered a trip, causing around 1GW of capacity to fall off the system.
