3 May 2024
CCGTs scoop lion’s share of capacity payments as clearing price plummets
Publication date: 07 February 2017
Gas Strategies Group
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ISSN: 0964-8496
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Gas-fired power plants bagged the bulk of subsidies awarded in the UK’s latest capacity market auction, as fierce bidding dragged the clearing price to new depths.
Combined-cycle gas turbine (CCGT) power stations won more than two-fifths of the available Capacity Market Units (CMUs), at a record low of GBP 6.95 per kW per year (USD 8.67/kW/year).