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Capacity Market auction clears at record high

Capacity Market auction clears at record high

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.

4 years ago

January smart meter installations down 25% on 2020

4 years ago

Yorkshire to pay £300k for sewage discharge

4 years ago

Thames to remove retailer subscription charges

4 years ago

Wholesale energy market needs ‘wholesale reform’

4 years ago

Ian McAulay to step down as Southern CEO

4 years ago

Bill rebates will leave suppliers and generators ‘unscathed’

4 years ago

Devolved governments outline energy bill support  

4 years ago

WRW ‘confident’ region can support drier parts of the UK

4 years ago

Northern Powergrid issues call for flexibility

4 years ago

Dissatisfaction rises among business water customers

Dissatisfaction with water suppliers among non-household customers more than doubled in 2021, according to an Ofwat-commissioned survey. The annual poll undertaken Opinion Research Services found 17% of the 700 organisations surveyed were unhappy with their service last year, up from 6% in 2020 and 8% in 2019.

4 years ago

Net-zero-focused innovation challenge launched

4 years ago

Renewables get green light to provide synthetic inertia

4 years ago

Weekend press round-up: Minister says price cap is ‘here to stay’

In the latest round-up of the weekend's papers, energy minister Greg Hands says the price cap is "here to stay", water companies are found to be releasing sewage into reivers more than 1,000 times a day, and Northern Powergrid apologises for a trillion-pound storm compensation error.

4 years ago

Scottish Water installs first large-scale battery system

4 years ago

Kwarteng grants fresh consent for Norfolk Vanguard wind farm

4 years ago

Good Energy shareholders reject Ecotricity proposals

4 years ago

Rebate should be given as grant to vulnerable PPM customers

4 years ago

Leaky homes leave marginal seats exposed to energy prices

4 years ago

There is no ‘El Dorado’ in the energy industry

4 years ago

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