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Ofgem has banned power generator UK Capacity Reserve from submitting 11 of its generating units into the UK capacity auctions for the next two years, after the company submitted false information in the first auction round.
The regulator said that 11 of UKCR’s 96 units which were submitted into the auction did not have planning permission in place, which is a basic requirement of competing for a support contract through the auction process.
As a result these units will be excluded from future auctions for the next two years, it said.
“Accurate information is vital to the proper functioning of the capacity auction and participants should exercise care over their submissions,” Ofgem warned.
National Grid, which operates the auctions removed the relevant units from the first auction round held late last year so the invalid submissions were not included.
The UK government finalised the results of its first capacity market auction in the first week of January, confirming that more than 60 per cent of the £1 billion guaranteed payment mechanism will be paid to operators of existing generation units over those investing in new plants or demand side response.
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