The Electricity Capacity Regulations 2014 (as amended) require us to provide the Secretary of State for Business, Energy and Industrial Strategy with an annual report on the operation of the Capacity Market.
This is the sixth such report on the operation of the Capacity Market. This report covers the three Capacity Market auctions which were carried out in the 2019/20 Capacity Market Delivery Year. These were:
- T-3 Auction for Delivery Year 2022/23
- T-1 Auction for Delivery Year 2020/21
- T-4 Auction for Delivery Year 2023/24
This report describes the outcomes from these auctions, including the prequalification processes carried out in 2019, along with some observations from our analysis.