SSE PLC Capacity Market Auction Provisional Results (7146D)
February 02 2018 - 2:55AM
UK Regulatory
TIDMSSE
RNS Number : 7146D
SSE PLC
02 February 2018
SSE plc
Capacity Market Auction Provisional Results T-1 2018/2019
SSE plc has provisionally secured an agreement in the GB
Capacity Market auction to provide a total of 1,044MW (megawatts)
of de-rated electricity generation capacity from October 2018 to
September 2019.
The auction cleared at a price of GBP6.00/kW (kilowatt) with the
provisional results published on 2 February 2018 and subject to
confirmation by the Secretary of State for Business, Energy and
Industrial Strategy.
SSE's gas-fired power station at Peterhead (1,044MW de-rated
capacity) has provisionally secured the agreement.
One unit at SSE's Fiddler's Ferry coal-fired power station
(425MW de-rated capacity) failed to secure an agreement. The result
has no immediate impact on the station's operations as the other
three units at Fiddler's Ferry have capacity obligations in the
2017/18 and 2018/19 delivery years. All four units at Fiddler's
Ferry (1,710MW de-rated capacity) are pre-qualified for the
upcoming Capacity Market auction for the 2021/2022 delivery
year.
To secure the revenue arising from the Capacity Market,
providers of generating capacity must produce electricity when the
system requires it in 2018/19; failure to do so will result in
penalties being levied.
The total value secured by SSE is GBP6.3m. The revenue will be
received on a pro-rated basis throughout the delivery year.
The results will not impact existing operations at any of SSE's
operational stations, all of which remain available this
winter.
SSE already has already secured agreements for 4,409MW of its
de-rated electricity generating capacity for the 2018/2019 delivery
year through the 2014 Capacity Market auction.
This information is provided by RNS
The company news service from the London Stock Exchange
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February 02, 2018 02:54 ET (07:54 GMT)
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