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Market research & Insight

Issue 549 | T-4 2015 Capacity Auction

Ben Hall Ben Hall Head of New Business

EMR Delivery Body: Capacity MarketProvisional Auction Results: T-4 2015 Auction The EMR Delivery Body published provisional results for the 2015 Capacity Market auction on 11 December. A total of 46.4GW of capacity has been procured at a clearing price of £18.0/kW/year (in 2014-15 money). The auction was for delivery of capacity in 2019-20 (T-4). Existing generating plant accounted for 90.6% (42.0GW) of capacity awarded an agreement, with a further 4.2% (1.9GW) from new-build plant and 4.0% (1.9GW) from interconnectors. Out of the new-build procured, 1.1GW came from smaller scale embedded project, with 812MW from reciprocating gas or diesel engines. The only new-build large scale ...

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