The T-4 Capacity Market auction for delivery in year 2021/22 commenced on 6 February 2018 and concluded on 8 February 2018. The auction cleared at a price of £8.40 per kW, significantly below the T-4 2016 clearing price of £22.50 per kW and below the clearing price observed in any of the three previous T-4 auctions. In this bulletin, we provide our reflections on the results.
Authors
Abbas is a Manager in Frontier’s Energy practice and has a wide range of experience with electricity market modelling and conducting impact assessment of energy market design elements.
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Sam specialises in electricity and gas market design, in particular related to the low carbon transition, capacity markets, and network charging.
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Dan is a Director in Frontier’s energy practice and has worked extensively within the gas and electricity sectors on network regulation, wholesale and retail competition issues and institutional arrangements.
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