Capacity Market
They include the T-1 auction planned for January 2021 and the T-4 auction for February 2021
The King’s Lynn power station will receive capacity payments until 2035 under a 15-year contract, which starts in October 2020
The Commission said it did not find any evidence that the scheme would put demand response operators or any other capacity providers at a disadvantage with respect to their participation in the scheme
Once developed, 1.8GW of capacity would be available from October 2023
The Low Carbon Contracts Company and the Electricity Settlements Company were established to help deliver the Contracts for Difference and the Capacity Market schemes
The news follows German electric utility RWE’s announcement to close its 1.56GW coal plant in Wales next March
The Aberthaw B power station, which directly employs around 170 people, will be closed on 31st March 2020
The proposed changes are intended to ensure existing capacity or DSR components that do not comply with the limits cannot receive capacity payments from 2025
The changes will prevent coal plants from taking part in the auction, with the first one scheduled to take place later this year
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