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21 Feb 2024

UK Electricity Capacity Auction for 2024/25 Clears in 35-40 Pounds/KW/Year Range

21 Feb 2024  by reuters   

Electricity pylons connected to the Dungeness B power station are seen behind a local house in Dungeness, Britain, October 8, 2023. REUTERS/Carlos Jasso/File Photo Purchase Licensing Rights
Britain's auction to ensure enough electricity capacity for 2024/25 cleared in a range of 35-40 pounds per kilowatt (kW) per year on Tuesday, National Grid said.

Britain launched its power capacity market in 2014, offering to pay providers for making supplies available at short notice.

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