Guidance

Capacity Market: location of provisional results

We agreed with the delivery body that DECC will publish provisional auction results at 7am on the working day after the auction clears, and before final auction results are published. The Capacity Market auction has closed and the provisional results have been published on this page. To note, the Auction Monitor has sanctioned the release of the provisional results.

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We have agreed with the Delivery Body that DECC will publish provisional auction results at 7am on the working day after the auction clears, and before final auction results are published. The Capacity Market has closed and the provisional results have been published on this page. To note, the auction monitor has sanctioned the release of the provisional results.

Table 1 - key figures

Clearing price £ 19.40 / kW / year
Total volume of capacity awarded 49.3 GW

Table 2 - breakdown of awarded capacity by CMU type

CMU type Capacity (GW) Capacity (%)
Existing CMU 33.6 68
Refurbishing CMU 12.9 26
New build CMU 2.6 5
DSR 0.2 0.4

Table 3 - duration of agreement by capacity

Duration Capacity (GW) Capacity (%)
1 year 43.7 89
3 years 3.1 6
14 years 0.03 0.1
15 years 2.4 5

Table 4 - capacity awarded by technology type

Technology type Capacity (GW) Capacity (%)
CCGT 22.3 45
CHP & autogeneration 4.2 9
Coal/Biomass 9.2 19
DSR 0.2 0.4
Hydro 0.7 1
Nuclear 7.9 16
OCGT and reciprocating engines 2.1 4
Storage 2.7 5

The provisional results are not final as the Secretary of State will commence his review of the auction and will take into consideration the full findings of the auction monitor. If the Secretary of State is satisfied that there are no grounds for annulling the auction, in accordance with regulation 27 of the Capacity Market Regulations 2014, the Delivery Body will publish the final auction results on the delivery body website. Regulation 27 requires the Secretary of State to form a view within 7 working days about whether the auction should be annulled. We have decided that the Secretary of State will take all of this permitted time and for the avoidance of doubt the review will not be concluded any earlier than the allotted time. The delivery body will publish final results 8 working days after the auction clears.

Publication of T-4 Capacity Market auction 2014 timetable:

If auction closes on Publication of provisional results Publication of final results
18 Dec 19 Dec 2 Jan