Capacity Market – insights from prequal and key uncertainties – Friday 8 December 2017
The last three Capacity Market auctions concluded with lower than expected clearing prices, no new large-scale CCGT and surprising winners.
Since then, new policy reforms have been announced, in the hope of creating a more levelled playing field for all technologies participating in the auction. At the same time, the market has witnessed a surge in the interest around flexible technologies like batteries with National Grid’s System Needs and Product Strategy (SNAPS) review and Ofgem’s Smart Systems and Flexibility Plan.
Given the recent reforms and market developments, what key factors should bidders consider when entering this year’s auction?
In this session, experts from Aurora’s research and consulting teams will seek to address the following questions, drawing on detailed analysis from our past work on Capacity Market:
- What insights can we draw from the initial prequalification results?
- What are the key uncertainties in this year’s auction?
- How will policy reforms (i.e. lower battery de-rating, Embedded Benefits reform) influence bidding in the Capacity Market?
- What is the outlook for new build CCGT in this year’s auction?
How will the emergence of small flexible technologies (i.e. batteries, peaking plants, DSR) play out in this year’s auction?
If you are interested in listening to the WebEx please get in touch