28 October 2022
CRM auction result (Y-4) for 2026-2027 published on elia.be/crm
Transmission system operator Elia has published the results of the second capacity remuneration mechanism (CRM) auction. The auction took into account the extension of two nuclear reactors and last year's successful auction.
In the end, no capacity was contracted. Producers that hold existing production capacity (amounting to a total of 6,682 MW) postponed their offers until the Y-1 auction. The volume of capacity relating to this so-called “Opt-Out IN” decision was deducted from the volume that was being auctioned off (demand curve of 6,417 MW). As a result, this year’s Y-4 auction for 2026-2027 was fully covered.
Key results from the second CRM auction
- From a technical point of view, the auction was undertaken in a correct manner.
- The CREG has checked and validated the results of the auction.
- A total of 1.2 GW of capacity was offered by providers.
- Ultimately, no capacity was contracted, because the demand curve was fully covered by the extension of two nuclear reactors, the volume contracted during last year’s auction and by existing capacity offered by capacity providers that did not wish to participate in this year’s auction (Opt-Out In).