CRM: results of first auction (Y-4) now available on elia.be/crm
October 31, 2021 at 12:17 pm EDT
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31 October 2021
CRM: results of first auction (Y-4) now available on elia.be/crm
BRUSSELS | Elia has published the results of the first capacity remuneration mechanism (CRM) auction for the 2025-2026 delivery year on its website.
The results show that market players offered sufficient capacity as part of a competitive auction. Both traditional and new market players participated. 40 offers were selected, representing a total capacity of 4,447.7 MW. Based on this selection, the annual average price is €31,671.57 per MW. In 2024 (Y-1), a second auction will be organised for the 2025-2026 delivery year.
Key facts and figures
The 40 selected projects represent a total capacity of 4,447.7 MW.
66% of the offered capacity was selected: a total volume of 1,648.72 MW was selected for use over multiple years (under 8-year or 15-year contracts). 2,799 MW for 1 year.
The selected offers are very diverse in nature: 56% are existing units, 1% are batteries; 7% are demand side management and 36% come from two new (combined-cycle) gas-fired generation units.
The two new (combined-cycle) gas-fired generation units are projects in Vilvoorde (796.25 MW) and Les Awirs (805.35 MW). The weighted average price of the selected bids is €31,671.57 per MW per year.
Capacity Remuneration MechanismTo find out more on the Capacity Remuneration mechanism, see our dedicated page.
CRM Auction ResultsElia publishes information on the results of the auctions organised in the context of the Belgian CRM.
Press releases
CRM: results of first auction (Y-4) now availablePDF -632.56 KB
CRM : le résultat de la première enchère (Y-4) est disponiblePDF -639.5 KB
Resultaten eerste CRM-veiling (Y-4) gekend en gepubliceerdPDF -572.51 KB
Elia System Operator SA published this content on 31 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2021 16:16:05 UTC.
Elia Group SA/NV is the Belgian transmission system operator, transmitting electricity efficiently, reliably and securely from producers to distribution system operators and major industrial users. The group is responsible for importing and exporting electricity from and to neighbouring countries.
Elia Group SA/NV owns the entire Belgian very high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of the Belgian high-voltage grid (30 to 70 kV). The grid is a key link between electricity markets in northern and southern Europe. It also links Belgian producers and consumers. Belgium's recent investment in interconnection capacity with its neighbours makes it one of the most open and interconnected grids in Europe.
Elia Group SA/NV has recently expanded its activities on a broader European level and, following its acquisition of the German TSO 50Hertz and in cooperation with Industry Funds Management (IFM), is now one of the top five transmission system operators in Europe.
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