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Market research & Insight

Issue 665 | Capacity Market auction

Issue 665 | Capacity Market auction

Tom Edwards Tom Edwards Senior Consultant

Capacity Market provisional results 9 December 2016 On 8 December the 2016 T-4 capacity market auction cleared at a price of £22.5/kW, purchasing 52,425.302MW of capacity. This price was significantly lower than many market commentators were expecting, with some city analysts predicting a clearing price of £30/kW to £40/kW. The higher prices were expected as a result of a number of market interventions by government, Ofgem and code bodies, including: Changes to Triad income for embedded generators were specifically targeted by government, and industry raised a proposal to remove them, with the regulator issuing a warning to participants ahead of the ...

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