The Belgian power transmission system operator (TSO) Elia has released the results of the first capacity remuneration mechanism (CRM) auction for the 2025-2026 delivery year. 40 offers were selected, representing a total capacity of 4,448 MW at an annual average price of €31,671.57/MW. Most of the offered capacity comes from existing units (56%), 7% comes from demand side management, 1% from batteries, and 36% from two new gas-fired CCGT power projects in Vilvoorde (796 MW) and Les Awirs (805 MW), that are both developed by Engie, through its Belgian affiliate Engie Electrabel. A second auction will take place in 2024 to complete the offer with technologies other than gas-fired power plants.
In August 2021, the European Commission cleared Belgium’s capacity mechanism, aimed at ensuring electricity supply after a nuclear phase-out in 2025. Belgium's seven nuclear reactors (5.9 GW) accounted for 38% of power generation in 2020.
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