Exclusive: Looming auction to earmark £1.5bn to put power generators on standby and keep the lights on
The billionaire West Ham United investor Daniel Křetínský and Swiss commodities giant Vitol are among bidders hoping to land hundreds of millions of pounds in subsidies to keep the lights on in Great Britain.
National Grid’s electricity system operator is preparing to announce successful bidders in a “capacity market” auction this month for 2026.
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