Prequalification results for the T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.
The target for the T-4 2025/26 Capacity Market auction is to remain broadly in line with its predecessors, while the T-1 2022/23 target has risen compared to 2021/22.
Capacity Market Units (CMUs) will not be required to be part of the Balancing Mechanism yet, following consultation feedback.
The T-1 Capacity Market (CM) auction has cleared at a record high price of £45/kW/year on day one.
The Department for Business, Energy and Industrial Strategy (BEIS) has increased the target for the next T-1 Capacity Market auction from 0.4GW to 2.4GW following the latest guidance.