We would like to inform Capacity Providers the Capacity Cleared Price (CCP) has been adjusted by UK Consumer Prices Index (CPI) before the commencement of the 2023/24 Delivery Year. This has been calculated as specified within the Electricity Capacity Regulations 2014 (as amended).
The adjusted CCP for the T-4 Auctions and T-3 Auctions, including 2022/2023 and 2023/24 Delivery Years are published on the Settlement Data webpage for Capacity Providers. Please refer to the ‘Capacity Cleared Price Adjusted for UK Consumer Prices Index’ drop down on this webpage.
For reference, G17 – Capacity Provider Payments illustrates a worked example of Capacity Cleared Price (CCP) adjusted for inflation in Appendix 4.