Review of the fourth T-4 GB Capacity Market Auction

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.

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