Capacity Market

Auction for 5GW of back-up power next winter sees record high prices with gas plants hoovering up contracts for lion’s share of capacity

1.4GW of new gas power won £350m of funding in the government's latest Capacity Market auction, held last week, sparking concern among campaigners

Capacity Market clears at record high price of £45/kW with gas, demand side response, and battery storage projects sweeping up lion's share of contracts

Financial think tank Carbon Tracker has urged the government to take its "foot off the gas" when planning future energy supply

Move should make it easier for battery storage and demand side response to compete for contracts, say renewable energy providers

BEIS seeks to relax obligations and deadlines for back-up power providers to 'reduce administrative and operational burdens' amid pandemic

Following accusations the watchdog has failed to do enough to support the net zero transition, incoming CEO uses first day in the post to unveil sweeping climate manifesto

Move echoes calls from green groups for 'robust carbon pricing' measures, as pressure grows for next government to bring forward UK coal power phase out date to 2022

Government says it expects back-up power auction scheme to soon be restored, with almost £1bn of back-payments to be made to generators in January

Your need-to-know guide to the pre-recess energy policy blitz from BEIS