Capacity Market parameters for T4 auction for 2021/22, and T1 auction for 2018/2019
The Government has today published the parameters for the next Capacity Market auctions to ensure the UK has sufficient capacity to meet electricity demand.
The auction parameters letter sets out the target volume to be secured through the T-4 Capacity Auction for 2021/22, and the T-1 auction for 2018/19. It also includes the de-rating factors for interconnectors. The final auction targets are based on the advice provided by National Grid in the Electricity Capacity Report, which has been scrutinised by the panel of technical experts.
Today we are announcing that we will seek to secure:
- 50.1GW in the T-4 auction for delivery in 2021/22 (with an additional 400MW set aside for the associated T-1 auction)
- 6GW in the T-1 auction for delivery in 2018/19
The T-4 target is consistent with the ECR analysis. The T-1 target is consistent with PTE advice, which suggested a small 300MW reduction on the recommendation in the ECR analysis.