Next e-POWER Auction
The next auction will be held on 3rd February 2009. Information on the renewable electricity to be auctioned will be available to registered suppliers from 14th January 2009.

In our auctions, generators using the service have the option to agree a reserve price for their electricity.

e-POWER AUCTION results - July 2008

The latest on-line auction of green electricity was completed on 1 August 2008.

A total of 286 projects representing some 876MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday, 22nd July, and contracts were finally awarded to a total of 8 successful bidders. They are for electricity to be produced between 1st October 2008 and 31st March 2009.

The average price, at 14.05p/kWh, is 51% above the levels of the last equivalent auction covering a winter period held in July last year, which returned an average of 9.31p/kWh (and some 35% above the summer period prices of 10.44p/kWh obtained in February).

Average prices by technology band are given below.

legislation
From 1 April 2007, a generator will not need to have a Sale and Buy-back agreement with a supplier in order to receive ROCs for electricity he generates and consumes on site. This change will benefit those generators who wish to sell ROCs using e-ROC auctions.

For the period: 1 April 2006 to 31 March 2007, the Buy-Out Price per MWh for ROCs is £33.24, and for the period 1 April 2007 to 31 March 2008 the Buy-Out price will be £34.30.

Generators over 50kW in size can apply to Ofgem for preliminary accreditation for the Renewable Obligation.