e-POWER AUCTION results - 2 FEbruary 2012

The latest on-line auction of renewable electricity was completed on 2nd February 2012.

A total of 179 projects representing some 785 MW 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 31st January and after a highly competitive auction with close to 1000 bids being made contracts were finally awarded to a total of ten successful bidders, made up of both large and small electricity suppliers.

The contracts are for electricity to be produced between 1st April 2012 and 30th September 2012.

The average price for ROC inclusive projects was 9.06p/kWh and 4.82p/kWh for those technologies which do not receive ROCs. The corresponding average prices for summer 2011 were 9.35p/kWh and 4.75p/kWh. Therefore the summer 2012 prices are 3% lower for ROC inclusive projects and a 1.5% higher for non-ROC projects than the same period last year.

The average prices by technology band are shown below-

Next e-POWER Auction
The next auction will be held on 10th July 2012. Information on the renewable electricity to be auctioned will be available to registered suppliers.

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

e-POWER AUCTION results - 15 JULY 2011

The latest on-line auction of renewable electricity was completed on 15th July 2011.

A total of 210 projects representing some 612 MW 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 12th July and after a highly competitive auction with over 1400 bids being made contracts were finally awarded to a total of ten successful bidders, made up of both large and small electricity suppliers.

The contracts are for electricity to be produced between 1st October 2011 and 31st March 2012.

The average price for ROC inclusive projects was 10.65p/kWh and 6.05p/kWh for those technologies which do not receive ROCs. The corresponding average prices for winter 2010/11 were 9.95p/kWh and 4.73p/kWh. Therefore the winter 2011/12 prices are 7% higher for ROC inclusive projects and a third higher for non-ROC projects than the same period last year.

The average prices by technology band are shown below-

Next e-POWER Auction
The next auction will be held on 31st January 2012. Information on the renewable electricity to be auctioned will be available to registered suppliers.

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

e-POWER AUCTION results - 3 FEBRUARY 2011

The latest on-line auction of green electricity was completed on 3rd February 2011.

A total of 232 projects representing some 678 MW 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 1st February and after a highly competitive auction with over 1300 bids being made contracts were finally awarded to a total of nine successful bidders, made up of both large and small electricity suppliers.

The contracts are for electricity to be produced between 1st April 2011 and 30th September 2011

The average price for ROC inclusive projects was 9.35p/kWh and 4.75p/kWh for those technologies which do not receive ROCs. The corresponding average prices for summer 2010 were 8.58p/kWh and 3.55p/kWh. Therefore the summer 2011 prices are 9% higher for ROC inclusive projects and a third higher for non-ROC projects than the same period last year.

Average prices by technology band for 'live' generating stations are given below.

e-POWER AUCTION results - 15 JULY 2010

The latest on-line auction of green electricity was completed on, 15th July 2010.

A total of 242 projects representing some 667 MW 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 13th July and contracts were finally awarded to a total of seven successful bidders, including several niche green suppliers.

The contracts are for electricity to be produced between 1st October 2010 until 31st March 2011.

The average price, at 9.58 p/kWh, represented an average for ROC inclusive projects of 9.95p/kWh and 4.73 p/kWh for those technologies which do not receive ROCs. The overall average price for winter 2009 was 9.10p/kWh. Therefore the winter 2010 prices are 0.48p/kWh or 5.3% higher than the same period last year.

Average prices by technology band for 'live' generating stations 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: 1st April 2010 to 31 March 2011, the Buy-Out Price per ROCs will be £36.99. Under the Renewables Obligation, electricity suppliers must source at least part of their electricity from renewables generators. In England & Wales and Scotland, the level for 2010-11 is 11.1 ROCs per 100MWh; in Northern Ireland, the level is set at 4.27 ROCs per 100MWh.