UK power capacity auction for 2020/21 clears for 1 pound per kw/year
Feb 7 (Reuters) - Britain secured 1.02 gigawatts of backup electricity capacity for 2020/21 at one pound per kilowatt per year, data on the National Grid auction website showed on Friday.
Britain launched its power capacity market in 2014, offering to pay providers for making supplies available at short notice. (Reporting by Nakul Iyer and Eileen Soreng in Bengaluru Editing by Chizu Nomiyama)