T-4 Capacity Market Clears at Lowest Ever Price
The T-4 Capacity Market auction clears at lowest ever price, power and gas prices reach multi-month lows.
Last week we saw the T-4 Capacity Auction clear at it’s lowest ever price. The auction seeks to ensure security of supply for winter 2021, and provides an outlook of our future generation mix. Gas will make up almost of half of supply when the system is tight, while the lack of coal-capacity agreements may cause more coal-plant closures in the near future. In the wholesale market, all commodity, gas and power prices moved lower.