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.
Articles tagged with: CCGT
EIG complete acquisition of 1400MW of EDF assets creating West Burton Energy
Institutional investor EIG has created a new electricity supplier through the acquisition of a 1381MW of assets from EDF Energy.
EDF to sell its only UK CCGT plant West Burton B to EIG
EDF has announced the sale of its only gas-fired Combined Cycle Gas Turbine (CCGT) power station in the UK, West Burton B.
Drax drops plan for Europe’s largest new gas plant as it turns its back on fossil fuels
Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Drax to focus on BECCS following £193.3m sale of CCGTs
Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
BM prices skyrocket to £1,000/MWh as cold weather and low wind bites
Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
Following the second successful trial of Arenko's flexibility offering for National Grid ESO, Current± took a look at why its needed, how it works and the benefits of switching to batteries.
World’s largest liquid air battery receives £10m from BEIS
The Department for Business, Energy and Industrial Strategy (BEIS) has announced a £10 million grant to help construct the world's largest liquid air battery.
O&G consortium sets sights on flexibility offering with CCUS and CCGT project
A collection of oil and gas majors are to launch a carbon capture utilisation and storage (CCUS) “anchor project” as part of Net Zero Teesside.