Notice
Full details of auction parameters and interconnector de-rating factors
Published 18 July 2022
漏 Crown copyright 2022
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Table 1: Auction parameters
| T-1 Auction for delivery in 2023/24 | T-4 Auction for delivery in 2026/27 | |
|---|---|---|
| Target capacity | 5.8GW | 42.4GW |
| Demand curve: minimum capacity at price cap | 4.8GW | 40.9GW |
| Demand curve: maximum capacity at 拢0 | 6.8GW | 43.9GW |
| Reliability Standard | 3 hours LOLE | 3 hours LOLE |
| Net CONE | 拢49/办奥/测谤 | 拢49/办奥/测谤 |
| Price Cap | 拢75/办奥/测谤 | 拢75/办奥/测谤 |
| Price Taker Threshold | 拢25/办奥/测谤 | 拢25/办奥/测谤 |
| 15-year agreement threshold | N/A | 拢295/办奥 |
| 3-year agreement threshold | N/A | 拢150/办奥 |
| Indexation | N/A | 2021/22 |
Table 2: Interconnector de-rating factors
| Interconnector | Connection capacity (GW)[footnote 1] | T-1 auction 2023/24 Delivery Year [footnote 2] NG:ESO range (%) |
T-1 auction 2023/24 Delivery Year Recommended DRF (%) |
T-4 auction 2026/27 Delivery Year NG:ESO range (%) |
T-4 auction 2026/27 Delivery Year Recommended DRF (%) |
|---|---|---|---|---|---|
|
IFA (France) |
2 | - | - | 30-97 | 63 |
|
IFA2 (France) |
1.1 | - | - | 30-97 | 65 |
|
ElecLink (France) |
1 | - | - | 30-97 | 69 |
|
BritNed (Netherlands) |
1.2 | - | - | 51-92 | 61 |
|
Moyle (Northern Ireland) |
0.5 | - | - | 14-94 | 54 |
|
EWIC (Republic of Ireland) |
0.5 | - | - | 14-94 | 54 |
|
NemoLink (Belgium) |
1 | - | - | 31-95 | 64 |
|
NSL (Norway) |
1.4 | - | - | 84-100 | 83 |
|
VikingLink (Denmark) |
1.5 | - | - | 48-91 | 55 |