Le Lézard
Classified in: Environment
Subjects: Contract/Agreement, Product/Service

Terra Firma Energy Limited Secure 120MW of Contracts From Record Breaking T-4 Capacity Market Auction


Terra Firma Energy have successfully secured 120MW of contracts in the record-breaking T-4 Capacity Market auction. After two bidding rounds the auction cleared at £65/kW/Year breaking last year's record of £63/kW/Year. This outstanding result will see our contracted assets receive over £7.3M per year to be on standby to provide critical support to National Grid when required.

UK Capacity Market

The UK Capacity Market ensures electricity supply meets demand, especially during peak times, by incentivising generation investment and maintaining grid stability. Auction results determine prices paid to generators for ensuring electricity availability. The T-4 auction secures capacity for delivery in four years via long-term 15-year agreements, while T-1 auctions procure capacity just before delivery via 12-month agreements. On February 27, 2024, the T-4 auction cleared at £65/kW/year for delivery in Oct-2027/Sep-28.

William Davies, Managing Director of Terra Firma Energy said "I am thrilled to announce that our team has successfully secured 120MW of contracts in the latest T-4 Capacity Market auction. The record-breaking clearing price of the auction highlights the increasing importance of ensuring we create our generation development strategy with energy security as a core component. We are excited to be playing a key role in providing communities up and down the country with the energy security they need for the future."

For more news from Terra Firma Energy please click here

Notes to Editors

About Terra Firma Energy Limited

Terra Firma Energy Limited are a privately owned U.K. based company operating in the development of renewable & sustainable energy projects. We design, develop & construct carefully sourced projects with the emphasis on making them a cleaner & more respectful source of energy production for future generations.

Website - Home - Terrafirma Energy
LinkedIn - https://www.linkedin.com/company/terra-firma-energy-limited/
you tube - https://youtube.com/@terrafirmaenergy?si=QXIeYkWajprAowg6
Facebook - https://www.facebook.com/profile.php?id=100090781489759
Instagram - https://www.instagram.com/terrafirmaenergyuk/
X - https://x.com/tfenergyuk?s=21&t=-U9hoHD9f4OzkyQSpY301A


These press releases may also interest you

at 04:30
Thousands of people will conquer the CN Tower's 1,776 steps this weekend as part of WWF's annual CN Tower Climb for Nature. Together, WWF-Canada and climbers aim to raise more than $1 million for wildlife conservation over two days.  ...

at 03:00
Solar panels are an investment in the future and, like any investment, they require proper care to continue...

19 avr 2024
T2EARTH, an eco-friendly, USA based, building materials and wood science technology company, is thrilled to announce the launch of its official YouTube channel, T2EARTH Talks. This platform is designed to educate, inspire, and connect with audiences...

19 avr 2024
In 1970, the inaugural Earth Day marked a pivotal moment in history, galvanized by the collective efforts of over 20 million passionate individuals. Spearheaded by Senator Gaylord Nelson, this landmark event resonated with a global outcry against...

19 avr 2024
Earth Day is just around the corner, and many celebrate by showing their support to make Earth a happier and healthier planet. This Earth Day on April 22, America's favorite poké restaurant, Island Fin Poké Co., shares how the brand takes the...

19 avr 2024
LS Cable & System Ltd. ("LS C&S") welcomes the announcement that the United States Department of Energy ("DOE") awarded LS GreenLink USA, Inc. ("LS GreenLink") $99,060,000 in investment tax credits under Section 48C of the Inflation Reduction Act of...



News published on and distributed by: