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<p>Three Capacity Market auctions have been held so far. Two market-wide, four-year
ahead (T4) auctions were held in December 2014 (for delivery in 2018/19) and December
2015 (for 2019/20), clearing at £19.40/kW and £18.00/kW respectively, and securing
49.3GW and 46.4GW of capacity for delivery in those years. A smaller-scale Transitional
Arrangements auction, focused solely on the Demand Side Response (DSR) sector, was
held in January 2016, securing 803MW of DSR for 2016/17 at a clearing price of £27.50/kW.
Winning bidders obtain Capacity Market Agreements, whose terms are established in
law by the Capacity Market regulations and rules. Winning bidders and the volume of
their individual agreements are published on National Grid’s CM register.</p><p> </p><p>Results
for the three auctions held so far are attached.</p><p> </p>
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