UK announces date for winter power auctions

Britain will seek almost 52 GW of back-up electricity for the winter of 2020/2021 in a capacity auction on December 6th, National Grid announced on Tuesday.

The UK began capacity auctions in 2014 looking to head off future winter power shortages as coal-fired power plants close and low power prices dissuade investors from building new ones. Selected power plant owners are paid to make available back-up electricity at short notice.
National Grid logo
Last December an auction for winter 2019/20 cleared at £18 per kilowatt per year.

Reuters reports that as wholesale electricity prices have fallen further since, operators are suffering more and will likely need bigger incentives in future auctions to keep capacity available.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...