Capacity Market auction opens today

The second Capacity Market auction starts today, Tuesday 8th December, and there will be four auction rounds each day until the auction clears.

The Government is seeking to procure 44.7GW for delivery in 2019/20. A further, one-year ahead auction, also for delivery in the winter of 2019/2020, will be held in 2018 to top-up the amount procured to the 2019/2020 target. Further auctions are expected to be held for future delivery years on a rolling basis. The latest the auction could finish is the last auction round on Friday 11th December. The auction is managed by National Grid, and for more information please see here or use the National Grid portal to stay up to date. For DECC's original announcement, please see here.