Government lowers target capacity for delayed T-1 auction

It has been reduced from 4.6GW to 2.7GW

Ofgem considers closing investigation into power exchange firm EPEX

The company has committed to implementing steps that will avoid distorting competition

Registration open for £60m CfD round

Projects will compete for a total capacity of 6GW for delivery years 2023/24 and 2024/25

Government faces fresh legal action over Capacity Market scheme

Tempus Energy argues the government has a legal duty to halt the scheme following its suspension by the EU Court

EU Commission investigates UK’s Capacity Market scheme

It follows the EU Court’s landmark ruling which led to the suspension of the scheme last November

UKPN commits £12m for flexible energy services

Businesses are being invited to register to tender until 12th March

Top-up capacity market auction planned for next summer

BEIS reiterated it is ‘working closely’ with the European Commission on the necessary steps for the scheme to be investigated ‘as quickly as possible’

Solar cleans up in French tech-neutral renewable auction

The 16 winners bid at an average of €54.94/MWh

Brazil awards licences for 2.1GW of new power

The wind sector bought more than 1.2GW of new capacity, spread across 48 infrastructure projects

Poor turnout at latest US oil and gas auction

Bidders were only interested in around 1% of the available offshore leases