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T-1 auction
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Low carbon generation
Surprising decision by the Secretary of State for BEIS regarding the Capacity Market auction
An interesting and surprising decision by the Secretary of State for BEIS regarding the Capacity Market auction parameters for the upcoming T-1 auction being held on 15 February. The procurement target has been lifted from 4.5GW (as set in the draft parameters in July 21) to 5.361GW. This is notably...
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Energy storage and flexibility
Glory Days – T-1 auction clears at £45/kW
To say the T-1 Capacity Market (CM) auction clearing at £45/kW per year was a surprise feels like an understatement. It looks like a major windfall for successful participants in the auction – many are asking just what happened? Easy money Until February, it looked like prices would clear at...
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Commercial and market outlook
Five things we learnt from Energy Spectrum | 656
With an Ofgem review of the microbusiness sector in the offing, the increasingly competitive nature of the business energy market – which is also being radically overhauled by innovation – means that the regulator would be wise to take a wider, overall market view in its review process. This is...
