Capacity Market

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Parameters for new capacity auctions set out

The parameters for the next Capacity Market (CM) auctions to ensure the UK continues to have sufficient electricity capacity to meet demand, have been set out by The Department for Business, Energy and Industrial Strategy (BEIS). In a letter from Kwasi Kwarteng, Minister for Business, Energy and Clean Growth, he confirms the parameters for the…
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Flexible asset PPA capacity and competition increases

Flexible asset PPA capacity and competition increases: The Power Purchase Agreement (PPA) market for flexible assets* in the last six months has grown in size and seen increased levels of competition as new off takers and optimisers make themselves known in the market.   Based on Capacity Market (CM) agreements, there is ~4.8GW of flexible…
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New Balancing Mechanism entrants expected

New Balancing Mechanism entrants expected: National Grid ESO’s project Wider Access – a project to increase accessibility to the Balancing Mechanism (BM) – is scheduled to go-live on 11 December 2019. Cornwall Insight has reviewed the recent activity of aggregated units and batteries in the BM and what impact this project will have on new…
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Collecting Capacity Market payments could prove tricky

Collecting Capacity Market payments: On 24 October, the European Commission (EC) announced its decision to approve the GB Capacity Market (CM). The standstill payments of ~£1bn are due to be issued on 14 November with a payment deadline of 21 November. However, the process of collecting and distributing deferred capacity payments could prove tricky. Lee…
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Cornwall Insight responds to the European Commission approving the British Capacity Market Scheme

European Commission approving the British Capacity Market Scheme ; Commenting on the European Commission’s announcement Tom Edwards Senior Modeller at Cornwall Insight, said: “A commission investigation has found Great Britain’s (GB’s) Capacity Market to be in line with EU State Aid rules, and necessary to guarantee the security of supply. It also did not find…
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Renewables Obligation mutualisation predicted to be almost £44mn

To protect the financial integrity of the Renewables Obligation (RO), a mutualisation mechanism kicks-in where sufficient missing payments creates a shortfall in the buy-out fund. Mutualisation recovers these missing payments from the remainder of the supply market. Renewables Obligation (RO), mutualisation was triggered for Compliance Period (CP) 16 (2017-18) after 14 suppliers failed to make…
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UK Capacity Market Halted – News Flash 15th Nov 18

UK Capacity Market Halted: The following message is being sent to all capacity agreement holders and capacity market applicants:- Today the General Court of the Court of Justice of the European Union found in favour of Tempus Energy, against the European Commission, annulling the Commission’s decision not to raise objections to the aid scheme establishing…
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