Lauren Cook, analyst at Solar Media Market Research, explores the driving factors behind a storage boom that could see as much as 500MW of battery storage capacity deployed throughout 2019.
Articles tagged with: capacity market
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.
Coal decline continues with SSE plant closure
Coal continues to falter as SSE reveals plans to fully close Fiddler’s Ferry, its last remaining coal-fired power station.
BEIS rubber stamps renewables’ participation in Capacity Market
The government has formally approved renewables’ participation in future Capacity Market auctions, and unsubsidised projects could compete as early as next year.
Less burden, closer collaboration: Ofgem moves to simplify Capacity Market framework
Ofgem has unveiled a raft of proposed changes to the Capacity Market framework in a bid to simplify it in the short term.
National Grid cleared to run postponed Capacity Market auction ‘as soon as reasonably practicable’
National Grid has been instructed to hold the postponed T-1 Capacity Market auction “as soon as reasonably practicable”.
Tempus Energy escalates Capacity Market challenge, demands government recover past payments
Tempus Energy has escalated its legal challenge against the Capacity Market, demanding that all payments made under the mechanism be recovered.
Fresh details emerge surrounding summer Capacity Market top-up auction
The Department for Business, Energy and Industrial Strategy (BEIS) has issued more details surrounding its proposed T-1 top-up auction, but extended its window until the end of August “as a contingency measure”.
Balance market beset by ‘huge lack of transparency’
The UK’s balancing market is being held back by a distinct lack of transparency, a panel of energy suppliers have concluded.