Energy Secretary confirms power capacity auction

The UK’s Energy Secretary Amber Rudd has confirmed that the government will again hold an auction for power capacity delivery for 2019-2020. This will be the second time this has happened after the Conservative-Lib Dem coalition did the same last year.

The announcement was made after a letter was sent to the national grid by Amber Rudd, outlining the governments plans for the auction. The auction parameters will be published closer to the auction date on the 1st of September.

The purpose of the auction is to procure enough electricity to meet the peek demand in the future. The auction last year helped the government secure 49.26 GW of capacity at a price of £19.40/kW.