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.
Ofgem has made a decision to create a Capacity Market Advisory Group (CMAG) following an earlier Call for Input on the proposal.
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 Energy Storage Fund (GRID) has secured over £108 million in revenues through the T-1 and T-4 Capacity Market auctions.
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.
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.
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.
As expected, the Capacity Market’s T-1 auction has entirely cleared in the first round at its highest ever price.
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.
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts.