Interconnectors plugging CM's new-build generation gap

Interconnectors plugging CM’s new-build generation gap

Interconnectors plugging CM’s new-build generation gap: T-4 Capacity Market (CM) auctions have traditionally been a potential signal for new-build generation with their longer-term procurement structure. However, research from Cornwall Insight on the T-4 CM auctions has seen an irregular new build development pattern emerge. In the seven T-4 auctions held since the CM’s inception, 12.6GW…
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Cornwall Insight on T-1 Capacity Market highest price

Cornwall Insight on T-1 Capacity Market highest price: Commenting on the T-1 Capacity Market (CM) auction (Delivery Year 2021-22) clearing in Round 6 with a clearing price of £45/kW, the joint highest ever clearing price of a CM auction, Tim Dixon Wholesale Team Lead at Cornwall Insight, said: “This joint highest clearing price for a…
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CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…
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Capacity Market

Cornwall Insight on Capacity Market prequalification

Cornwall Insight on Capacity Market prequalification: On 11 December the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. The headline figure from the prequalification register is 54.0GW of de-rated capacity has prequalified for the T-4 auction against a target of 41.2GW. However,…
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