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Capacity market auction cleared at an all-time high price energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Published: 4 Mar 2021, 11:23 By: Deputy Editor Pivot Power s Kemsley battery storage site was one of 17 successful assets to clear in the T-1 Capacity Market auction. Image: EDF/Pivot Power. The Capacity Market T-1 auction cleared at a record high price in the UK this week, with 17 batteries winning spots. This was a sizeable jump from last year, when just two assets managed to secure spots, as the role of renewables and storage continues to grow in the country. A total kDe-Rated Capacity of 2252.116MW was procured by National Grid ESO, just shy of the target announced by the Department of Business Energy and Industrial Strategy of 2.4GW. This was significantly higher than the initial target set by the government department of 0.4GW in July 2020, in an effort to manage a “range of non-delivery uncertainties”. ....