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SSE secures 5.66GW in T-4 Capacity Market Auction 2027/28
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data-widget_type="theme-post-title.default"> <div class="elementor-widget-container"> <h1 class="elementor-heading-title elementor-size-default">SSE provisionally secures 5.66GW in T-4 Capacity Market Auction 2027/28</h1> </div> </div> <div class="elementor-element elementor-element-182e3b1 jedv-enabled--yes elementor-widget elementor-widget-jet-listing-dynamic-meta" data-id="182e3b1" data-element_type="widget" data-widget_type="jet-listing-dynamic-meta.default"> <div class="elementor-widget-container"> <div class="jet-listing jet-listing-dynamic-meta meta-layout-inline"><div class="jet-listing-dynamic-meta__author jet-listing-dynamic-meta__item"><span class="jet-listing-dynamic-meta__prefix">By </span><a href="https://www.current-news.co.uk/author/lmartins/" class="jet-listing-dynamic-meta__item-val">Lena Dias Martins</a></div></div> </div> </div> <div class="elementor-element elementor-element-d96e0f8 elementor-widget elementor-widget-theme-post-featured-image elementor-widget-image" data-id="d96e0f8" data-element_type="widget" data-widget_type="theme-post-featured-image.default"> <div class="elementor-widget-container"> <figure class="wp-caption"> <img fetchpriority="high" width="790" height="527" src="https://www.current-news.co.uk/wp-content/uploads/2024/03/peterhead.jpg" class="attachment-large size-large wp-image-23760" alt="Aerial image of the Peterhead Energy Hub in Scotland, a key renewable energy hub at the forefront of the UK energy industry." srcset="https://www.current-news.co.uk/wp-content/uploads/2024/03/peterhead.jpg 790w, https://www.current-news.co.uk/wp-content/uploads/2024/03/peterhead-300x200.jpg 300w, https://www.current-news.co.uk/wp-content/uploads/2024/03/peterhead-768x512.jpg 768w" sizes="(max-width: 790px) 100vw, 790px" /> <figcaption class="widget-image-caption wp-caption-text">SSE's Peterhead gas-fired power station was awarded a capacity agreement for 1,081MW. Image: SSE. </figcaption> </figure> </div> </div> <div class="elementor-element elementor-element-53ebc86 elementor-widget elementor-widget-theme-post-content" data-id="53ebc86" data-element_type="widget" data-widget_type="theme-post-content.default"> <div class="elementor-widget-container"> <p>SSE has provisionally secured 5.66GW of capacity agreements during the T-4 Capacity Market Auction (CMA) for delivery year 2027/28, which closed this week. </p> <p>The <a href="https://www.current-news.co.uk/t-4-2027-28-capacity-market-auction-all-time-high/" target="_blank" rel="noreferrer noopener">T-4 CMA for delivery year 2027/28</a> ended on 27 February after two rounds at a record clearing price of £65/kW/year – £2/kW/year higher than the <a href="https://www.current-news.co.uk/t-4-capacity-market-auction-clears-at-record-63-kwh-year/" target="_blank" rel="noreferrer noopener">2023 auction clearing price</a>, which was itself a record. </p> <p>The de-rated capacity agreements were spread across the energy company’s renewable and thermal fleets, including joint venture interests. </p> <p>SSE Renewables – the renewable energy IPP arm of SSE – secured a total of 1,148MW of de-rated capacity; the majority of this (1,074MW) was awarded to the company’s hydropower assets.</p> <p>Three of SSE Renewable’s battery storage assets that are currently under construction were also awarded 15-year agreements, these were: Monk Fryston (32MW), <a href="https://www.solarpowerportal.co.uk/sse_breaks_ground_on_150mw_bess_in_west_yorkshire/" target="_blank" rel="noreferrer noopener">Ferrybridge</a> (15MW) and Fiddler’s Ferry (15MW).</p> <p>SSE Renewables made its final investment decisions on Monk Fryston in <a href="https://www.solarpowerportal.co.uk/work-begins-on-uks-largest-under-construction-bess-at-640mwh/" target="_blank" rel="noreferrer noopener">November 2023</a>; at 320MW/640MWh, the battery energy storage system (BESS) is set to be the largest of its kind under construction in the UK. </p> <p>“Through this auction process, our hydropower assets are continuing to demonstrate their value to Great Britain’s energy market some 80 years after they first brought electricity to the Scottish Highlands,” said Stephen Wheeler, managing director at SSE Renewables. </p> <p>“Additionally, contract wins for new battery storage projects, which we’re currently building in Northern England, are supporting our accelerated growth plans through the delivery of our secure 1.2GW pipeline of utility-scale solar and battery projects. In securing over 1.1GW of capacity, our mix of renewable technologies will play important and complementary roles in delivering increasing amounts of renewable energy generation and flexibility to help meet the UK’s climate action goals.”</p> <p>The greater part of SSE’s awarded capacity agreements was given to three of SSE Thermal’s gas-fired power stations, Peterhead (1,081MW), Keadby 1 (692MW) and Medway (673MW). </p> </div> </div> <div class="elementor-element elementor-element-f7e31f1 elementor-widget-divider--view-line_text jedv-enabled--yes elementor-widget-divider--element-align-center elementor-widget elementor-widget-divider" data-id="f7e31f1" data-element_type="widget" data-widget_type="divider.default"> <div class="elementor-widget-container"> <div class="elementor-divider"> <span class="elementor-divider-separator"> <span class="elementor-divider__text elementor-divider__element"> Tags </span> </span> </div> </div> </div> <div class="elementor-element 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class="jet-listing-dynamic-image__img attachment-500x500x1x1 size-500x500x1x1 wp-post-image" alt="Ofgem-consultation-retail-energy-market-innovation" decoding="async" loading="eager" /></a></div> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9211386" data-id="9211386" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-2e34a3f elementor-widget elementor-widget-heading" data-id="2e34a3f" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h3 class="elementor-heading-title elementor-size-default"><a href="https://www.current-news.co.uk/ofgem-approves-nesos-grid-connection-reforms/">Ofgem approves NESO’s grid connection reforms</a></h3> </div> </div> </div> </div> </div> </section> </div> </div><div class="jet-listing-grid__item jet-listing-dynamic-post-34862" 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