29 March 2024
The UK capacity market: Securing a future for gas, but at what price?
Publication date: 01 December 2014
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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With the UK’s first capacity market auction scheduled for December 2014, CCGT operators will be hoping for a game-changer that could make gas-fired power profitable once more. The capacity mechanism will offer regular payments to power plants and could incentivise investment in future gas-fired generation. But should the impending auction inspire confidence – or should the industry continue to hold its breath? Gas Strategies looks at whether the capacity market holds the answers for existing generators and new-build CCGTs.