Capacity Market prequalification: Lack of nuclear capacity opens opportunity for new build capacity

In its role as the EMR Delivery Body, National Grid ESO published the prequalification registers for the upcoming Capacity Market auctions, on 23 November. The registers detail the assets that have either prequalified, conditionally prequalified or been rejected ahead of the T-1 and T-4 auctions for delivery in 2022-23 and 2025-26, respectively.

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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

Chart of the week | What might compete in upcoming Capacity Market auctions?

The next round of Capacity Market (CM) auctions are set to take place in March 2021, starting with the T-1 (Delivery Year 2021-22) on 2 March followed by the T-4 (Delivery Year 2024-25) on 9 March. The prequalification window for these auctions have been open since 20 July 2020 and...

Low carbon generation

Chart of the week | We’ve got the power: T-4 Capacity Market results

On 6 March, the EMR Delivery Body (National Grid ESO) published the provisional result of the T-4 Capacity Market (CM) auction for Delivery Year 2023-24. The clearing price for the auction was the highest value since 2016. In this week's Chart of the week, our expert, Lee Drummee explores some of...

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....

Commercial and market outlook

Chart of the week | It’s the final countdown…2109 in review

As 2020 approaches we trade in our reports for gift wrapping and our coffee is set aside for mulled wine. Let’s take a moment to reflect on the topics of 2019 that have garnered the most interest from our complimentary Chart of the Week publication. Our popular weekly publications are...

Energy storage and flexibility

Chart of the week | Charging in: New BM entrants and Wider Access

While National Grid ESO has been granted a derogation until 30 June 2020 to implement project TERRE; Wider Access, its project to increase accessibility to the Balancing Mechanism (BM), is still scheduled to go-live on 11 December 2019. In this Chart of the Week we analyse recent activity of aggregated units and...

Regulation and policy

Chart of the week | Come what May – sector activity ramps up before summer

May has seen a number of notable developments within the industry. By coincidence – or perhaps due to various parties not wanting their deadlines of “spring” to slip into “summer” – a number of workstreams hit significant milestones this month. In this week's Chart of the Week, we explore some of these major...