Notice

Capacity Market Auction Parameters: letter to National Grid ESO, July 2022

Letter setting out the Capacity Market auction parameters for the T-1 auction for the 2023 to 2024 delivery year, and the T-4 auction for 2026 to 2027 delivery year.

From:
Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
Published
18 July 2022

Documents

Capacity Market auction parameters letter to National Grid ESO, 15 July 2022

PDF, 119 KB, 2 pages

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Full details of auction parameters and interconnector de-rating factors

PDF, 204 KB, 1 page

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Full details of auction parameters and interconnector de-rating factors

Details

This letter from the Minister of State for Energy, Clean Growth and Climate Change, Greg Hands MP, to National Grid Electricity System Operator (ESO) sets out the parameters, including the volume of capacity to be secured and the de-rating factors for interconnectors, for the T-1 auction for 2023 to 2024, and the T-4 auction for 2026 to 2027 delivery year.

The annex provides full details of auction parameters and the interconnector de-rating factors.

In line with the annual Capacity Market process, the parameters for the 2 auctions may be updated following pre-qualification, and will be confirmed before the auctions are held in early 2023.

Published 18 July 2022