Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

Italy assigns 41 GW in 2022 capacity market auction

Agriculture | Electricity | Energy | Electric Power | Emissions | LNG | Natural Gas | Oil | Crude Oil | Refined Products | Shipping

Market Movers Europe, Feb 24-28: IP Week goes ahead despite coronavirus fears and risk of protests

Electric Power

Platts Market Data – Electric Power

Energy | Electric Power | Renewables | LNG | Natural Gas | Fuel Oil | International Public Finance

Central American Energy Conference, 23rd Annual

Natural Gas | Oil | Crude Oil

Kosmos says won't expand in new oil basins, unveils climate change-focused strategy

Italy assigns 41 GW in 2022 capacity market auction


34.8 GW of existing plant agreements

1.8 GW of new plant agreements

Both groups hit capped price level

Barcelona — The first of Italy's capacity market auctions has seen nearly 41 GW of capacity approved, of which 34.8 GW is from existing capacity, data published by grid operator Terna showed Friday.

A total of 34.8 GW of existing capacity has been accepted into the scheme at a price of Eur33,000/MW/year ($36,400/MW/year) while 1.8 GW of new capacity was accepted at Eur75,000/MW/year.

Both existing and new capacity awards reached capped levels in the auctions.

Of the total, 1 GW of non-programmable renewables (wind, solar PV, run-of-river hydro) were awarded agreements, Terna said.

The company did not publish details regarding individual projects.

Besides the domestic awards, 4.4 GW were also awarded to virtual capacity, with prices far lower -- between Eur3,449/MW/year and Eur4,400/MW/year.

The capacity corresponds to the first of two so-called "mother auctions" and covers delivery in 2022.

These declining multi-session auctions will be followed up by adjustment auctions which will tailor the outcomes to the grid adequacy objectives after which, a secondary market will be established based on monthly expiry that allows participants to renegotiate their positions.

The process is divided into zones, including external virtual zones each with their own demand curve and individual specifications in terms of derating, load factors and other parameters.

A second auction, covering 2023 is due to be held November 28.

-- Henry Edwardes-Evans,

-- Gianluca Baratti,

-- Edited by Jonathan Loades-Carter,