The third capacity auction organized by EPEX in 2020 for the year 2021 took place on Thursday June 25. The capacity price jumped to 47,401 €/MW, which brings the average auction price for 2021 to 28,706 €/MW.
As a reminder, the average reference price of the capacity auctions was 19,458 €/MW for the year 2020.
The second capacity auction for the year 2022 also took place this Thursday with a sharp increase in price, from 16,642 €/MW to 38,966 €/MW. The auction during the year, for the 2020 capacity guarantees, was also raised to 45,000 €/MW. Finally, the regularisation auction for the 2019 capacity guarantees stood at 395 €/MW.
The decrease in nuclear generation announced by EDF following maintenance difficulties seems to have strained the market for capacity guarantees. EDF expects a production target of 300 TWh in 2020 and between 330 and 360 TWh in 2021-2022, compared with around 385 TWh in recent years.