Gas power stations won the largest share of the 54GW of deals awarded, as auction clears at a lower than expected £6.95 per KW per year. Battery storage projects are to deliver 2.7GW of back-up power to the grid having secured contracts in the latest capacity market auction for next winter.
Business Green 6th February 2017 read more »
Industry officials have criticised a lack of encouragement for green energy projects after battery storage won just over 10MW of combined capacity in the latest capacity market auction, well down on the success enjoyed by the technology in December’s T-4 bidding process. The latest Early Auction (EA), which sought capacity to cover from the start of winter 2017 to the beginning of winter 2018, awarded 2.7GW worth of provisional contracts to storage projects, the majority of which went to pumped hydro. The two battery contracts were awarded to Kiwi Power (5.77MW) and Limejump (4.62MW) which will provide capacity over the one year length of the contract. Both companies also won separate contracts to provide demand side response and grid balancing from their aggregated capacity. The rest of the auction, which cleared at the record low figure of £6.95/kW, was dominated by existing fossil fuel generation, predominantly coal-fired and CCGT plants. DSR won 209MW of capacity, with 583MW of projects exiting before reaching the clearing price.
Solar Power Portal 6t Feb 2017 read more »