Capacity Market Advisory Group to go ahead to enable ‘more dynamic’ rule change process
Ofgem has made a decision to create a Capacity Market Advisory Group (CMAG) following an earlier Call for Input on the proposal.
Articles tagged with: capacity market
Capacity Market set to 'come into play' for battery storage asset owners as investment in long-duration increases
Investors are increasingly turning attention to the Balancing Mechanism and Capacity Market for future long-duration battery storage revenue streams, with new research from LCP suggesting batteries can play a larger role in both.
Gresham House secures over £108m in Capacity Market auctions
Gresham House Energy Storage Fund (GRID) has secured over £108 million in revenues through the T-1 and T-4 Capacity Market auctions.
How is the energy crisis impacting the Capacity Market, and vice versa?
The energy crisis in the UK is contributing to record clearing prices in the Capacity Market (CM), with the mechanism’s design in turn exacerbating tight capacity margins, EnAppSys director Paul Verrill has said.
T-4 Capacity Market clears at record high of £30.59/kW/year marking ‘watershed moment’
The T-4 Capacity Market auction has cleared at a record high of £30.59/kW/year, due largely to the decommissioning of old assets and higher capacity needs.
Up to 24GW of long duration storage needed for 2035 net zero electricity system - Aurora
Deploying large quantities of long duration electricity storage (LDES) could reduce system costs and reliance on gas, but greater policy support is needed to enable this, Aurora Energy Research has found.
All capacity clears at maximum price of £75/kW/y in Capacity Market T-1 auction
As expected, the Capacity Market’s T-1 auction has entirely cleared in the first round at its highest ever price.
Current± Briefings: What impact is the energy crisis having on the Capacity Market?
We’re pleased to announce that EnAppSys’s director Paul Verrill is joining us for the first Current± Briefing webinar of 2022 to discuss the impact of the energy crisis on the Capacity Market.
Battery storage is 'standing on its own two feet' as investor confidence rises
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts.