Enel X secures further 500MW in T-4 Capacity Market Auction

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Enel X has secured 500MW (derated) of Demand Side Response (DSR) capacity in the record-breaking T-4 GB Capacity Market auction which cleared at £65,000 per MW for delivery from the 1st of October 2027 to 30th of September 2028. This continues a record accomplishment of consistently high performance on behalf of their customers in these auctions.

The company had already secured positions at the highest available pricing for the three delivery years before the period covered by this year’s T-4 auction (i.e. 1st of October 2024 to the 30th of September 2027), meaning Enel X can now guarantee clients the greatest return from the Capacity Market up until September 2028.

These strong auction results will enable Enel X to provide participating industrial and commercial businesses with significant DSR revenue, helping them to:

  • Offset volatile energy prices and maintain a competitive cost base.
  • Achieve greater energy security and independence, protecting business continuity.
  • Accelerate their Net Zero ambitions and deliver on ESG (Environmental, Social and Governance) commitments.

The GB Capacity Market is a HM Government mechanism that protects electrical energy security by helping to balance electricity supply with demand during exceptional peaks in energy consumption, for example during an extreme weather event or to compensate for lower than forecast generation. Great Britain’s National Grid (NG) ESO views Demand Side participation as crucial for delivering a secure, sustainable, and affordable electricity system.

Barry Hurst, Head of Sales, Enel X UK & Ireland said: "Demand Side Response is critical to managing and ensuring security of supply as we build an economy based on an increasingly distributed, renewable, and variable energy system. It can reduce the use of fossil fuels during peak electricity demand or when renewable generation is low and is a valuable tool in the prevention of power outages."

Hurst went on to say: "The high clearing prices at this year's T-1 and T-4 Capacity Market auctions confirm our ability to continue rewarding our customers with the highest payments for being flexible with their electricity consumption. This is significant revenue that our clients can use to offset high energy prices or to invest in onsite energy storage and generation assets, reinforcing business resilience, and accelerating their journey towards Net Zero emissions. As a result, we are experiencing a surge in interest in our DSR programmes."

Having secured T-4 positions at the record-breaking high price, Enel X can now guarantee qualifying customers with an average of £48,600 per MW per year over the next 4 years (October 1st, 2024, until 30th September 2028).