RE: RNS OUT18 Nov 2025 07:45
Capacity Market Key Highlights:
· The UK Capacity Market ("CM") is a government-backed scheme designed to ensure security of electricity supply by providing guaranteed income payments to reliable sources of capacity, such as Quantum's flexible generation power assets;
· The benefits of a CM contract include guaranteed, stable, long-term revenues, reducing exposure to wholesale market volatility;
· With reference to the announcement on 23 September 2025, Pyebridge successfully fulfilled the necessary requirements under the CM rules and submitted an application for the CM auction, for a maximum tenure 15-year T-4 CM contract at the asset's maximum possible generation capacity of c. 8.1 MW;
· On 11 November 2025 Pyebridge received confirmation from NESO that the application was successful, and Pyebridge qualifies to take part in the CM auction taking place in March 2026;
· Pyebridge already has an uninterrupted series of existing 1-year CM contracts covering the period until 2029, amounting to cumulative total guaranteed gross profit income of c. £1.7 million, as previously announced;
· This latest CM bid and associated CM contract will cover the period from 2029 until 2044, and provides Pyebridge and Quantum with a significant boost in uninterrupted guaranteed gross profit income until 2044;
· Assuming that the upcoming T-4 CM auction price clears at the same price as last year of £60,000 per MW/annum, which is expected, means that Pyebridge's new CM contract will have a cumulative total guaranteed gross profit income value of c. £6.5 million (before annual inflation increases), in addition to the c. £1.7 million of its existing CM contracts, totaling c. £8.2 million; and
· The CM contract income is over and above the site's merchant market trading revenue via its PPA with Statkraft, and Embedded Benefits revenue.
Tanya Zwemstra, Head of Finance at Quantum Data Energy PLC, said: "We are pleased to report that the CM pre-qualification application was successful and that Pyebridge achieved a new record high monthly electricity and revenue generation in two consecutive months. This performance provides clear and tangible evidence of the strong demand for flexible power generation and underscores the importance of Quantum's assets as critical power solutions to the UK grid."