A Long Way From LOLP*VOLL

Apparently DECC has published an estimate that payments to generators under the new capacity mechanism will total some £2.8bn through to 2030. DECC has pencilled in 2015 as the date for the first auction under the mechanism as over 10GW of coal-fired capacity will have to come off the system under LCPD rules. It makes one yearn for the days of LOLP*VOLL!!