The latest four-year-ahead (T-4) Capacity Market auction will cost consumers £5.7 billion (2022 prices) over the 15-year period of the longest contracts, according to analysis of the preliminary results by Aurora Energy Research. The auction for delivery starting in 2026/27 cleared at a new record price for a T-4 auction of £63/kW/yr – more than double the previous high of £30.59/kW/yr seen in last year’s auction.
Record capacity auction to cost consumers £5.7bn
