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Capacity Market secures record year-ahead power

Capacity Market secures record year-ahead power

The latest year-ahead Capacity Market auction has delivered a record amount of contracted back-up power. The results of the T-1 capacity market auction for 2023-24 show that 5.8GW of capacity has been secured, with a clearance price of £60/kW - the second highest in a T-1 auction. Among the talking points from the auction were the success of nuclear plants and the extension of a coal power station unit's life, which one analyst said was a sign that "coal is not dead … yet”.

3 years ago

Centrica posts £3.3bn profit

3 years ago

Investors’ faith in Ofwat’s independence slides

3 years ago

‘Student loan’ scheme could boost investment case for EVs

3 years ago

Project from 2000 still waiting for grid connection

3 years ago

Suppliers deliver £8.5bn in savings through ECO3

3 years ago

Miliband defends Labour move to drop energy nationalisation

3 years ago

Ofgem could put fast-track investment schemes at heart of RIIO3

3 years ago

SVT acquires anaerobic digestor business

3 years ago

How are we going to keep the UK safe when the wind doesn’t blow?

The chief executive of National Gas talks about the “helpful” split from National Grid, the need for a mature debate about energy security and decarbonisation of heat, and why the energy transition is “impossible” without hydrogen.

3 years ago

Energy customers turning to gambling to pay bills

3 years ago

Brightwater acquires Blue Business Water

3 years ago

CFO Outlook 2023

3 years ago

UK risks being left behind on green investment, Hunt warned

The UK can no longer "take for granted" its competitive advantage as a destination for low-carbon energy investment because of the incentives on offer in other parts of the world, the industry has warned Jeremy Hunt. In a letter to the chancellor of the exchequer, submitted ahead of next month’s Budget four leading trade associations have banded together to express concern that the government lacks a clear plan to continue attracting clean energy investment into the UK.

3 years ago

Ofgem extends Market Stabilisation Charge again

3 years ago

Radical reform could be a stabilising force for energy retail

3 years ago

Shell reports record £32.3bn profit

3 years ago

National Grid: Regulation prevents us speeding up connections

3 years ago

Octopus chief: ‘We could have made a profit’

3 years ago

Commercial model for rapid EV chargers is ‘struggling’

3 years ago

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