Back in the classic territory of the T-1 auctions, sub £5/kW in round 15
04.03.2026 13:37
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Back in the classic territory of the T-1 auctions, sub £5/kW in round 15
Must be clearing soon, as we go into the £10/kW-£5/kW range
Looks like we're going pretty close to the bottom, £15//kW to £10/kW with less than 1 GW left
The T-1 has now snuck below 1GW of excess capacity at £20/kW to £15/kW
Now £25/kW to £20/kW with 1 GW remaining
1GW remains between £30/kW and £25/kW
£35/kW to £30/kW and still 1GW left
1GW is now the reported remaining capacity as we head into £40/kW to £35
Still 2GW left at £45/kW
2GW remains at £55/kW
Still 2GW left at £55/kW, this is probably going to go on until tomorrow realistically
Excess remaining at 2GW as the next round starts, with 6.069GW at max clearing price of £60/kW
Looks like a chunk of capacity has left, with the excess now at 2GW and the target at the clearing ceiling of £65/kW is now 5.87GW
Next round starts, £70/kW to £65/kW, with 3GW in excess of the clearing capacity at £70/kW, 5.68GW.
The first round has opened at the £75/kW ceiling where a maximum of 5.4GW can be bought
www.neso.energy/what-we-do/e...
Capacity Market T-1 for delivery in 2029-30 has kicked off this morning - I think it should clear relatively low, as there is a big chunk of existing capacity (around 6.1GW I reckon) and the target is 6.3GW.
But I read a note this morning suggesting its Pakistan and Asian economies that suffer the most, pushing up prices for European customers as competition increases
Actually it mostly is, the UK gets most of its LNG from the US nowadays. I think on average since 2022 its around 3x more from the US than Qatar.
AKA the rapture for nerds
Wouldn't GDP trend to 0 in a post scarcity tech singularity too?
Unlikely it will all go ahead, but impact on generators would be positive, higher prices, lower TNUoS and Locational Loss Factors. Reduced B6 boundary flows would limit constraint payments and negate negative press.
CPS goes on for another year
It just shifts costs from one area to another, customers will be only marginally better off, while diluting the cashout signal which means less DSR, less storage, so ultimately consumers will suffer from higher prices driven by keeping gas on the system.
If you want to give a battery developer nightmares, show them the CBA for P462. The modification proposes to remove subsidy costs from the BM, reducing the number of negative prices in cash-out and feeding through into whoelsale markets. The initial CBA results show a near 60% reduction in revenues!
I dont feel so bad about running my 1060 now
You'll need a BEGA
No one tell them how much the cost of gas turbines has gone up...I reckon they're up about £35/MWh on an LCOE basis on a couple of years ago. That would put them on a par with new build offshore wind now even without the Carbon.
If its trained on todays dispatch decision making how will it be any better? participants want a neutral optimal decisions making tool, probably not going to be an LLM.
