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Issue 3132

Policy

T-4 Capacity Market auction clears at record low The T-4 Capacity Market auction (for delivery in 2021-22) cleared on Thursday 8 February at £8.40/kW/ year – a record low price for a four year ahead auction. Over 74GW of capacity entered the auction, of which 50.41GW (67.9%) secured agreements. A total of 439 Capacity Market Units were awarded agreements. Existing capacity made up 86% of cleared capacity. Combined Cycle Gas Turbines accounted for nearly half (45.67%) of the capacity procured. Some 3.01GW of coal/...

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