To date, we’ve played a full role in the capacity market process which is something we have actively supported as part of the Electricity Market Reform since the policy was first announced in 2011. We believe reform of the energy market is required to meet the objectives of ensuring security of supply, reducing carbon emissions and helping to keep energy affordable.
We participated in the auction using a robust process which fairly reflected our costs of operating our plant. We understand that these results are provisional but, as they stand, we’re clearly disappointed that Killingholme was unsuccessful in the auction.
Despite this, if the results are confirmed, the majority of our portfolio was successful so we’re pleased we’ll be able to maintain our role in helping to secure the amount of electricity needed to power the UK.
Source:: E.ON responds to provisional Capacity Market Auction results