Thursday, September 3, 2015
Prequalification has opened for this year’s Capacity Market auction. Last year’s auction had surprises in price and plant mix. Janet Wood looked for clues to likely outcomes in the second auction
Prequalification for this second Capacity Market (CM) auction closed slightly later than planned, on 28 August. The resulting register, due for publication on 25 September, will give the first real indication of how much capacity could enter the auction, and of what type. But one thing we learned from the first auction in 2014 was that capacity able to enter the auction might offer little clue to what capacity leaves it with a contract, and at what price.
Given that uncertainty, can we speculate on what may affect the auction this year?
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