A Capacity Mechanism full of surprises

Thursday 7 December was a cold shower for sales players. Today saw a capacity auction dealing with the 2025 delivery contract (AL2025), but above all the last auction before the 2024 delivery year (AL2024), determining the reference price for the PREC spreads for the year. While this PREC was €60k/MW/year for AL2023 and AL2024 certificates […]

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