The European Commission has approved Britain’s Capacity Market scheme following an in-depth investigation into its state aid compliance.
Tempus confirmed that it had today (5 September 2019) lodged evidence with the European Commission to substantiate its claim that the Capacity Market unfairly discriminates against clean energy projects.
Bozhidar Bozhkov, head of Markets for Asset Optimisation at SmartestEnergy, looks at how battery storage has evolved in the past two years and what the market is like now.
ULEV uptake targets are 'muddled', according to a report released by The Centre for Research into Energy Demand Solutions (CREDS), detailing the need for reductions in UK energy demand.
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.
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 continues to falter as SSE reveals plans to fully close Fiddler’s Ferry, its last remaining coal-fired power station.
The government has formally approved renewables’ participation in future Capacity Market auctions, and unsubsidised projects could compete as early as next year.
Ofgem has unveiled a raft of proposed changes to the Capacity Market framework in a bid to simplify it in the short term.