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 outcomes ahead of auctions next March.

The headline figure from the prequalification register is that 54.0GW of de-rated capacity has prequalified for the T-4 auction against a procurement target of 41.2GW. 

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