One step beyond: First T-4 auction results

The CRM T-4 Capacity auction is one of the new procurement processes being rolled out in SEM that will determine the future make up of the generation portfolio. The other auctions that will have an impact over the coming year will be the DS3 capped procurement and the Renewable Electricity Support Scheme (RESS) auction when that does occur. This week’s blog considers the results to see what interesting questions are raised as we move forward in this new world of competitive auctions.

Related thinking

Energy storage and flexibility

Glory Days – T-1 auction clears at £45/kW

To say the T-1 Capacity Market (CM) auction clearing at £45/kW per year was a surprise feels like an understatement. It looks like a major windfall for successful participants in the auction –  many are asking just what happened? Easy money Until February, it looked like prices would clear at...

Commercial and market outlook

SEM articles of the year: All I want for Christmas is RESS-2

With COVID-19 dominating our everyday lives, we saw similar trends in our most popular articles for the year. Demand shifts were observed in domestic and industrial settings with working patterns shifting from offices to homes all around the country. It was also a landmark year for the renewables industry with...

Low carbon generation

RESS-won: renewables on the march

Yesterday will be remembered as a good day for the Irish renewables industry, with the level of supported renewables capacity set to grow by over a quarter in the next 2-3 years. After years of waiting, the first Renewable Energy Support Scheme auction (RESS-1) results are here (provisionally, pending appeals)....

Low carbon generation

RESS-1 application closing date is further extended

With a lot of uncertainty around the impacts of COVID-19 on global supply chains and renewable project delivery we are starting to see the effects in the Irish Energy market, notably the announcement that prequalification for the Renewable Energy Support Scheme in Ireland will be extended. In December 2019, the...

Low carbon generation

Flexible Asset PPAs – more capacity, more competition

The Power Purchase Agreement (PPA) market for flexible assets in the last six months has both grown in size and seen increased levels of competition as new offtakers and optimisers make themselves known in the market. What do we mean by the PPA market for flexible assets? We mean the...

Energy storage and flexibility

The next episode: Qualification for T-4 Capacity auction

The final qualification results for the upcoming 2023/24 T-4 Capacity Auction were published on the 3 April. In this week’s blog, we consider what these qualification results tell us. Click here to view full article

Low carbon generation

Lessons from a lock down

We are all facing a new, simpler existence. For my part, I have been self-isolated for three weeks. My little flat in central London has become almost my entire existence, my days have settled into a simple routine, and I've had plenty of time to reflect. Although COVID-19 presents an...

Low carbon generation

Impacts of COVID-19 on the renewable energy support scheme

With a lot of uncertainty around the impacts of Covid-19 on global supply chains and renewable project delivery we are starting to see the effects in the Irish Energy market, notably the announcement that prequalification for the Renewable Energy Support Scheme in Ireland will be extended. The global energy sector...

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