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    Home > Chemicals Industry > International Chemical > Gas and nuclear lead UK electricity capacity auctions

    Gas and nuclear lead UK electricity capacity auctions

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    The UK has secured the delivery of 50.
    41 GW of standby power capacity
    in 2021/22.

    Gas and nuclear lead UK electricity capacity auctions

    A total of 74.
    24 GW of electricity entered the capacity market auction, making standby power immediately available by paying plant operators, of which 67.
    9% of the capacity was successfully auctioned
    .

    Natural gas power plants accounted for the largest share of the agreement's share at 29.
    6 GW, followed by nuclear power at 7.
    9 GW and, for the first time, interconnected capacity included in the auction at 4.
    6 GW
    .

    Coal was hit by only 2.
    56 GW, pumped storage reached 2.
    5 GW, and battery storage was only 153 MW.

    The auction sold for £8.
    40/kW a year
    .
    Until confirmed by Energy Secretary Greg Clark, the results are only temporary
    .

    Energy and Clean Development Minister Claire Perry said: "Providing energy consumers with the best deals is at the heart of our industrial strategy, and capacity markets are helping to drive competition, protect customer interests and ensure security of
    supply.

    "Today's record low cost of £8.
    40/kW ensures we have enough energy to provide UK homes and businesses with a safe and reliable power supply
    for 2021/22.
    "

    Last week, the operator of the Eggborough coal-fired power station in Yorkshire announced that the plant would be closed
    as new supply contracts for 2018/19 could not be concluded.

    The UK has secured the delivery of 50.
    41 GW of standby power capacity
    in 2021/22.

    Power capacity

    Gas and nuclear lead UK electricity capacity auctions

    Gas and nuclear lead UK electricity capacity auctions

    A total of 74.
    24 GW of electricity entered the capacity market auction, making standby power immediately available by paying plant operators, of which 67.
    9% of the capacity was successfully auctioned
    .

    Natural gas power plants accounted for the largest share of the agreement's share at 29.
    6 GW, followed by nuclear power at 7.
    9 GW and, for the first time, interconnected capacity included in the auction at 4.
    6 GW
    .

    Coal was hit by only 2.
    56 GW, pumped storage reached 2.
    5 GW, and battery storage was only 153 MW.

    The auction sold for £8.
    40/kW a year
    .
    Until confirmed by Energy Secretary Greg Clark, the results are only temporary
    .

    Energy and Clean Development Minister Claire Perry said: "Providing energy consumers with the best deals is at the heart of our industrial strategy, and capacity markets are helping to drive competition, protect customer interests and ensure security of
    supply.

    "Today's record low cost of £8.
    40/kW ensures we have enough energy to provide UK homes and businesses with a safe and reliable power supply
    for 2021/22.
    "

    Last week, the operator of the Eggborough coal-fired power station in Yorkshire announced that the plant would be closed
    as new supply contracts for 2018/19 could not be concluded.

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