This month’s capacity market auction in the UK – designed to pay power producers to provide additional capacity to the grid in times of high demand – could fetch record-high clearing prices for the 2027-2028 market when backup capacity looks tight. The four-year-ahead (T-4) capacity market auction, awarding contracts to generators to have power supply available at peak demand periods, could clear at $85.40 (£68) per kilowatt per year, Bloomberg reported on Monday, quoting estimates from commodity research…
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