White Paper
Capacity Market auctions clear at record high
Record Capacity Market auction prices likely to be a short term “blip”
Published on 15 February the provisional results for the latest T-1 auction showed 4,996MW of de-rated capacity was procured across 226 Capacity Market Units (CMUs) at a price of £75/kW/yr. The T-4 Capacity Market auction held on 22 February also cleared at a record high of £30.59 /kW/year.
GridBeyond’s Asset Development Director Chris Smith explores the results of the latest T-1 and T-4 Capacity Market auctions, the winners and losers by technology type and our view of the five main challenges asset owners should consider when setting their strategy for future Capacity Market auctions.
