GridBeyond has secured 254MW in the recent T-1 Capacity Market auction for £35.79/kW/year, marking the largest position for demand side response.
Established in 2014, the Capacity Market serves as a government mechanism to ensure electricity supply meets demand by compensating providers for making supplies available at short notice.
The auction, held on 20th February, saw a clearing price of £35.79/kW.
The awarded capacity spans various sources, including gas, demand side response, battery storage, nuclear and other sources.
A total of 7639.609MW has been procured across 277 Capacity Market Units (CMUs), with existing generation scooping up 81.3%, new build projects claiming 9% and proven and unproven demand side response assets securing 9.7%.
