Energy
UK Power Auction Pays Out Near-Record Fee in Win for Gas
- Country still relies on fossil fuels despite renewables growth
- Utilities RWE and SSE were among the auction’s main winners
This article is for subscribers only.
The UK will continue to subsidize fossil-fueled power plants into the second half of this decade, with operators paid a near-record fee to stay open.
A capacity auction Tuesday cleared at £60 a kilowatt for 2028-29, close to the all-time high reached last year, according to system operator NESO. Most of the capacity was awarded to gas-fired stations.