Inform - GB CM T-4 Auction Clears at All Time Low With 156 MW of Storage Awarded Contracts

On February 8th, 2018, the GB Capacity Market (CM) auction cleared at a price of £8.40 per kW per year (2016/17 prices).  156MW of new build storage were awarded contracts to provide reliable capacity commencing in winter 2021-22. Storage deratings coupled with the lowest T-4 clearing price yet (last year was £22.50/kW/year) will mean any CM contract win celebrations may be short lived.

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