Snapshot
7 Nov 2024

New build BESS secure CM contracts in latest T-4 Belgian CRM

1 min

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  • 1926MW of additional derated capacity received a T-4 Capacity (CRM) contract in the latest T-4 auction, with 10% coming from new build.
  • New build was dominated by BESS which secured 184MW.
  • As the market was short on offered capacity all 30 participating units cleared, with 381MW of remaining capacity being transferred to the upcoming T-2 & T-1 auctions to procure.
  • Prices in the pay-as-bid auction averaged lower YoY at €28/kW/yr, however new build saw some cleared prices at €75/kW/yr, just under the cap of €76.8/kW/yr.
  • With limited additional new-build gas in the pipeline, future auctions may continue to see an outsized role of BESS in setting forward CM prices.

New build BESS secure CM contracts in latest T-4 Belgian CRM