Haven Power

Ofgem analyses 2015 capacity market auction

Ofgem analyses 2015 capacity market auction


 

The regulator has released its second Annual Report on the Operation of the Capacity Market in 2015, covering the T-4 Auction last December and the Transitional Auction in January. The report showed that 379 capacity market units (CMUs) prequalified for the T-4 Auction (delivery for 2019-20), with a final capacity of 46.4GW awarded at a clearing price of £18/kW/year. The target was 44.7GW, which Ofgem took as indicating considerable competition for entrants. Demand-side response (DSR) participation in the auction increased, but was still low at only 28 CMUs, while three interconnectors also took part, offering 2.4GW of de-rated capacity.

 

Ofgem