On Monday 5 December, the European Commission gave the go-ahead to new auctions for electricity capacity.
The auction will bridge the gap that could have occurred in 2017 before the Great Britain Capacity Market becomes operational. The Great Britain Capacity Market, consisting of a capacity auction to reward contracted capacity providers, was approved by the Commission in July 2014. To address this, the UK plans to hold a supplementary capacity auction in January 2017.
Since 2014, the...