1. Comparison of Auction Revenue with Revenue Driver (Action RG0221 008)
Within current Licence rules there is a single example of Incremental Capacity Release being triggered from QSEC Auction.
QSEC Auction 2007 incremental signal of 246 GWh/d from October 2010 at Isle of Grain.
Estimated Project Value (Charging Model)
Threshold for NPV Test on Auction Bids
NPV of Auction Bids
Revenue Driver (Allowed Revenue)
£63.8M
£31.9M
£34.7M
£77.4M
Note: Under SO incentive rules in place prior to 2007 the allowed auction revenue was subject to Cap/Collar arrangements. Therefore allowed and actual revenues were closely aligned.