The Capacity Market has witnessed an upswing, with the latest T-4 auction for delivery starting in 2023/24 clearing at £15.97/kW. It is the highest price since the T-4 auction in 2016, which finished at £22.50/kW. Prices have since languished in the single digits, bottoming out at £0.77/kW in the delayed T-1 auction held over the summer.
Capacity auction sees price rebound
