Chart of the week | Capacity Market oversupply continues – but for how long?

In this week’s Chart of the Week, we put our focus on the Capacity Market as on 13 May 2019, Secretary of State for Business, Energy and Industrial Strategy Greg Clark wrote to the Delivery Body to update the target procurement volumes for the replacement T-1 2019-20 capacity auction which is being held in June this year.

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Related thinking

Home supply and services

Green certificate prices continue to rise amid BEIS proposals

On 16 August, BEIS opened the consultation ‘Designing a framework for transparency of carbon content in energy products’. This call for evidence invites views on whether the use of Renewable Energy Guarantees of Origin (REGO) certificates for annualised renewable energy matching inhibits transparency for consumers, and how the REGO framework could...

Commercial and market outlook

Chart of the week | UK carbon emissions were down 10% in 2020

BEIS published its provisional 2020 UK greenhouse gas emissions figures on 25 March. In this 'Chart of the week', we consider the significant impact of COVID-19 and the resulting lockdowns in the UK on carbon emissions last year. Carbon emissions in the UK are provisionally estimated to have fallen by...

Energy storage and flexibility

Chart of the week | We built this city… on existing generation

The Capacity Market (CM), introduced under the Electricity Market Reform (EMR) policy programme is designed to ensure security of electricity supply in GB. This is done by providing payments – determined through a competitive auction– to generators and eligible demand side response (DSR) and can encourage existing plant to remain...

Low carbon generation

Chart of the week | Out with the old? Capacity Market Prequalification

On 11 December 2020, the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. In this 'Chart of the week', we explore the prequalification picture for the T-4 auction and what this could mean in terms of pricing...

Commercial and market outlook

Chart of the week | Survey reveals public underestimate role of heating in emissions

In this week's 'Chart of the week', we look at the findings published by BEIS from a survey of the British public on the transition to a low-carbon heating future on 1 September. Transforming Heat – Public Attitudes Research reveals that there is strong public support for carbon reduction policies,...

Low carbon generation

Chart of the week | What might compete in upcoming Capacity Market auctions?

The next round of Capacity Market (CM) auctions are set to take place in March 2021, starting with the T-1 (Delivery Year 2021-22) on 2 March followed by the T-4 (Delivery Year 2024-25) on 9 March. The prequalification window for these auctions have been open since 20 July 2020 and...

Home supply and services

Chart of the week | Road to recovery: COVID-19 and the smart rollout

The full impact of the COVID-19 pandemic on the smart meter rollout is uncertain, although modelling from BEIS and Ofgem has provided early indications of future installation levels. In this week’s Chart of the week we compare these assessments against pre-pandemic expectations. With the introduction of social distancing and lockdown...

Low carbon generation

Chart of the week | We’ve got the power: T-4 Capacity Market results

On 6 March, the EMR Delivery Body (National Grid ESO) published the provisional result of the T-4 Capacity Market (CM) auction for Delivery Year 2023-24. The clearing price for the auction was the highest value since 2016. In this week's Chart of the week, our expert, Lee Drummee explores some of...