• First ever Capacity Market auction

    Ed Davey, Secretary of State for Energy and Climate Change, has officially confirmed the results of the first ever Capacity Market Auction. Through the auction, the Government has procured 49.26GW of capacity at a clearing price of £19.40kW. This will cost a total of £0.96 billion (in 2012 prices), which works out at around £11 for the average household. The auction is part of a strategy to drive new investment and secure energy supplies in the short, ...

    Posted at January 3, 2015 | By : | Categories : News,Renewables | Comments Off on First ever Capacity Market auction