auction

  • Energy storage and flexibility

    Chart of the week | We built this city… on existing generation

    The Capacity Market (CM), introduced under the Electricity Market Reform (EMR) policy programme is designed to ensure security of electricity supply in GB. This is done by providing payments – determined through a competitive auction– to generators and eligible demand side response (DSR) and can encourage existing plant to remain...

  • Low carbon generation

    Chart of the week | Out with the old? Capacity Market Prequalification

    On 11 December 2020, the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. In this 'Chart of the week', we explore the prequalification picture for the T-4 auction and what this could mean in terms of pricing...

  • Low carbon generation

    Pixie Chart of the week | Germany demonstrates benefit of auction system

    Germany regularly runs auctions to subsidise renewable generation capacity. In 2020, it plans to run 20 auctions – seven solar, seven onshore wind, three biomass and three mixed wind and solar – as well as six for CHP engines, seeking nearly 7GW of capacity in total. The auctions set a...

  • Low carbon generation

    Pixie Chart of the week | New Italian renewable subsidies awarded

    Results of the first auction under the new Italian renewables subsidy were announced on 28 January by GSE, the country’s energy agency. The format of the auction provides top-up premia for generators, with developers bidding reductions of between 2% to 70% against a reference price of €70/MWh (£59.40/MWh). This was...

  • Low carbon generation

    Chart of the week | Swing low: T-3 Capacity Market auction

    In this week's Chart of the week, we discuss the provisional results of the T-3 Capacity Market (CM) auction for Delivery Year 2022-23, published on Friday 31 January by the EMR Delivery Body (National Grid ESO). The clearing price was £6.44/kW/year, the lowest ever in a multi-year (T-4 or T-3) Capacity Market auction....

  • Low carbon generation

    Pixie Chart of the week | The changing face of German onshore wind

    The results of the 1 August auction for onshore wind in Germany confirmed a perhaps surprising trend: the sustained fall in auction prices throughout 2017 has been overmatched by the rising prices throughout 2018. Tri-monthly auctions have been held since May 2017. The first delivered a price of €57.10/MWh (£51.40/MWh)...