Correspondence
Final auction parameters, T-1 and T-4 Capacity Market auctions
Published 30 January 2024
漏 Crown copyright 2024
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| Parameter | T-1 auction for delivery in 2024-2025 | T-4 auction for delivery in 2027-2028 |
|---|---|---|
| Target capacity | 7.7GW | 44.0GW |
| Demand curve: Minimum capacity at price cap |
6.7GW | 42.5GW |
| Demand curve: Maximum capacity at 拢0 |
8.7GW | 45.5GW |
| Reliability standard | 3 hours LOLE | 3 hours LOLE |
| Net CONE | 拢49/办奥/测谤 | 拢49/办奥/测谤 |
| Price Cap | 拢75/办奥/测谤 | 拢75/办奥/测谤 |
| Price taker threshold | 拢25/办奥/测谤 | 拢25/办奥/测谤 |
| 15-year agreement threshold | N/A | 拢325/办奥 |
| 3-year agreement threshold | N/A | 拢165/办奥 |
| Indexation | N/A | 2022-2023 |