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Capacity Market – like a box of chocolates, never know what you’re gonna get

Tim Dixon Team Lead

The first two weeks of March saw the annual spectacle that is the T-1 and T-4 Capacity Market (CM) auctions. This year’s results were interesting to say the least and raised questions about the future technology mix in the electricity market. The main highlight was the record high T-1 clearing price, largely driven by the sharp rise in the procurement target set by the Secretary of State as recommended by National Grid Electricity System Operator (ESO). There were ...

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