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

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...