The Capacity Market – An Auctioneer’s Tale

Make way for the Auctioneer for electricity (Largo al factotum della città) Hurry to Auction the pinch is here (Presto a bottega che l’alba è già) Ah, what fine service – oh what fine price (Ah, che bel vivere, che bel piacere) For the Auctioneer its quality (per un barbiere di qualità! di qualità!) Ah bravo investors Most forutunate customers! (Fortunatissimo per verità!) Providers, night and day, always ready – always on the move (Pronto a far tutto,
la notte e il giorno
sempre d’intorno in giro sta) MW and MWh – Ancillary Services at SO command (Rasori e pettini lancette e forbici, al mio comando) Everything in place – with Parliment Commission Ofgem and Delivery Body (V’è la risorsa,
poi, del mestiere colla donnetta… col cavaliere…) For an Auctioneer its Quality! (Ah, che bel vivere, che bel piacere, che bel piacere) Everyone wants a contact Old and new demand and supply Storage CHP DSR 1 year and long term Not yet built, building, interconnectors Existing, refurbishing, tresholds, termination fees, milestones… It complicated Investors! Ah what excitment – lots pre qualified. One at at time! One at a Time! Decending Clock! Hey Investors – Price Here! No There! Up Here Down There! Swifter and swtifer the clock goes down – one by one they drop out Some remain – the game nearly over I am the Auctioneer and I say Going Going Gone. GONE!! Slan Leat – Fearghal MacConmara

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