The latest year-ahead Capacity Market auction has cleared at a record level of £75/kW, sparking claims that consumers have “overpaid for capacity”. Total available capacity of just under 5GW fell short of the target of almost 5.4GW, meaning all bidders were successful at the cap price. This was significantly higher than the £45/kW clearing price seen in the previous T-1 auction last March.
Capacity Market auction clears at record high
