Capacity Market secondary trading: who is in the market?

Written by:

Modo Energy

Capacity Market secondary trading: who is in the market?

The upcoming Extended Performance Testing deadline on 30th April makes this the busiest time of year for secondary trading of contracts. But how does secondary trading work, and how can buyers find sellers?

Get full access to Modo Energy Research

Already a subscriber?

Log in

Related articles

2025: What the year meant for battery energy storage in the NEM

Market & Policy Updates

18 Dec 2025

2025 has been a transformative year for battery energy storage in the NEM. Deployment has reached the scale required for the energy transition, with the fleet already reshaping market outcomes. New players, contract types and system durations have entered the sector. And all the while, the business case for new projects is evolving rapidly.

NYISO: The current landscape of BESS permitting

Explainers

18 Dec 2025

Permitting occurs when an Authority Having Jurisdiction (AHJ) determines that a project is safe to build, safe to operate, and poses no undue risk to the surrounding environment. In New York, however, permitting has become a structural constraint on the construction of grid-scale storage.

P462: How fixing a market distortion causes another

Market & Policy Updates

18 Dec 2025

In attempting to resolve one distortion, P462 risks introducing another - one that sidelines the system’s most flexible assets from increasingly sophisticated real-time dispatch.

Market & Policy Updates

18 Dec 2025

Seven months after the blackout, Royal Decree 997/2025 has cut the permitting timelines for co-located battery storage. For sites with granted permits, environmental impact assessment for the battery is no longer required. The path from development to market has shortened from four years to under two.

Capacity Market secondary trading: who is in the market?

Capacity Market secondary trading: who is in the market?

Resources

Legal

Support