The second UK capacity market auction to allocate 44.7GW for 2019-2020 opened this morning at 9am
National Grid is running auction, which acts like an energy guarantee by making sure there is enough capacity available to meet peak electricity demand, is open to generators, demand side response providers and interconnectors.
It is the first year interconnectors are eligible to participate, which, the UK government said, increases the “competitive pressure on the auction clearing price and helping to ensure that security of supply is delivered at least cost to consumers”.
Energy Minister Andrea Leadsom said: “The capacity market is a key part of our electricity market reform.
“The competition helps drive down costs, while ensuring we have enough generation power the nation.
“It also gets the best out of our existing power stations as we increase the amount of electricity we get from low carbon technologies.”
Image: National Grid
