T-4 auction

  • Low carbon generation

    Coming in hot: Final T-4 CRM results published

    On 7 May, the System Operators released the final results of the 2022-23 T-4 capacity auction, setting out the winners of agreements. While previous T-1 auctions are not comparable, the System Operators were satisfied that prices between the auction had been stable. The clearing price was €46,150/MW, for a total...

  • Energy storage and flexibility

    Round and Round: CRM T-1 2019/ 2020 results

    The last week of 2018 saw the release of the T-1 Capacity Remuneration Mechanism (CRM) Auction results. These provide an interesting lead into the new year as we begin to prepare for the first T-4 CRM Auction, due to be held on the last week of March this year. The...

  • Low carbon generation

    Pour some sugar on me: T-4 CRM auction

    With the introduction of I-SEM last week, other releases in the energy market may have gone unremarked, including the SEM Committee’s (SEMC) decision on the parameters for the first T-4 Capacity Remuneration Mechanism (CRM) auction. Making a robust investment case for new-build dispatchable assets has been a challenge in Ireland...

  • Low carbon generation

    Are you gonna go my way? | SEMC consults on changes to T-4 capacity auction

    On 14 May the SEM Committee (SEMC) published a consultation on the Capacity Renumeration Mechanism (CRM) focusing on interim arrangements, updating auction design and specific parameters for the first T-4 auction for capacity year 2022-23. It is an important document for potential bidders into the March 2019 auction as, if...