In the latest issue of our Current± Price Watch series – powered by LCP Enact – we take a look at how record high temperatures across Britain and Europe are impacting power prices.
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.
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.
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.