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.
The T-4 Capacity Market auctioned closed yesterday in its twelfth round, with 40819.895MW awarded agreements.
The T-4 Capacity Market auction has cleared in its 12th round today, with a price between £20 - £15/kW/year.
All Capacity Market Units (CMU) may be required to be part of the Balancing Mechanism, according to a new consultation launched by the Department of Business, Energy and Industrial Strategy (BEIS).
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.
Last week’s T-4 Capacity Market clearing price jumped to £15.97/kW/y as over 100MW of storage was awarded contracts.