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On July 9, the British government said it planned to hold two power auctions early next year to secure backup power
.
The UK will hold two electricity auctions early next year to secure backup power
In a letter to National Grid, UK Energy Minister Claire Perry said a power auction in January 2019 would deliver 4.
6 GW of electricity in 2019/2020 and another in February 2019 to deliver 46.
3 GW of reserve power
in 2022/2023.
Britain began conducting power capacity auctions in 2014, hoping to avoid future power shortages
as coal plant closures and low electricity prices prevent investors from building new capacity.
Electricity auctions reward successful bidders for keeping power plants on standby so that they can be used as backup power
when renewable energy production is low or demand is high.
，
On July 9, the British government said it planned to hold two power auctions early next year to secure backup power
.
The UK will hold two electricity auctions early next year to secure backup power
The UK will hold two electricity auctions early next year to secure backup powerIn a letter to National Grid, UK Energy Minister Claire Perry said a power auction in January 2019 would deliver 4.
6 GW of electricity in 2019/2020 and another in February 2019 to deliver 46.
3 GW of reserve power
in 2022/2023.
Britain began conducting power capacity auctions in 2014, hoping to avoid future power shortages
as coal plant closures and low electricity prices prevent investors from building new capacity.
Electricity auctions reward successful bidders for keeping power plants on standby so that they can be used as backup power
when renewable energy production is low or demand is high.
，
