Tuesday, January 26, 2016
The final results of the T-4 Capacity Market auction, for delivery in 2019/20, were confirmed on 22 December. What have we learned from the second auction?
The clearing price was £18/kW/y – below last year’s £19.40 clearing price (and in stark contrast to the £34/kW capacity payments available in the interim in National Grid’s Supplemental Balancing Reserve, see p5).
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