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Energy Spectrum

Issue 605

T-4 Capacity Market auction clears at record low price

Cory Varney Writer

The T-4 2021-22 Capacity Market auction cleared at £8.40/kW/year on 8 February, a record low price for a four year ahead auction. A total of 439 Capacity Market Units (CMUs) were awarded agreements, equating to an overall capacity of 50.41GW. This meant that, from the 74.2GW to enter the auction, 67.9% were successful in being awarded Capacity Agreements for delivery in 2021-22. The vast majority (86%) of CMUs awarded agreements were existing capacity, while the most successful technology was Combined Cycle Gas ...

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