The latest T-1 Capacity Market (CM) auction has cleared at £1.00/kW/y, with just two storage assets winning contracts, prompting renewed questions over the benefits of running such auctions.
A new report released by Aurora Energy Research states that in order to meet the government's 40GW by 2030 offshore wind goal, almost £50 billion worth of investment will be needed.
A number of battery storage assets successfully landed capacity agreements in last week’s T-3 Capacity Market auction by listing as demand side response (DSR) assets.
Demand side response has witnessed strong growth in Capacity Market pre-qualification results for next year’s auctions, which have also recorded the first ever inclusion of a solar farm.
The reinstatement of the Capacity Market, coupled with better than expected performance, has caused RWE to upgrade its full-year guidance by nearly 30%.
Tempus Energy has accused the European Commission of caving to industry pressure and rushing through its investigation into the Capacity Market, after the mechanism was cleared to be reinstated.
Tempus confirmed that it had today (5 September 2019) lodged evidence with the European Commission to substantiate its claim that the Capacity Market unfairly discriminates against clean energy projects.
