Posted on: 20/05/2020
It’s the end of ‘double-charging’ for energy storage assets
After Ofgem approved changes to end the issue of ‘double-charging’ for energy storage installations, Head of Pricing, Tom Putney explains the scenario, and how this improves the deployment landscape for storage projects.
Last week, Ofgem approved Connection and Use of System Code (CUSC) modification CMP281: “Removal of BSUoS Charges From Energy Taken From the National Grid System by Storage Facilities”. (We await the decision regarding the sister modification CMP280: “Creation of a New...
Posted on: 14/05/2020
Reviving the Green Economy: Corporate PPA
As calls for government to use the renewables industry to help kickstart the economy continue to grow Account Manager, Owen Moulton looks at the role Corporate PPAs can play in helping businesses achieve decarbonisation goals and provide additionality.
As the UK adapts to what has been termed ‘the new normal’, various commentators within industry have called on the government to use the renewables industry as a tool to help kickstart the economy. Weight was added to these claims this week...
Posted on: 07/05/2020
Power Markets Review: April 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis, Sales Trader Jean-Philipe Marty and Trading Optimisation Analyst, Leo Burdorf take a look at changes across commodity markets throughout April, as well as the drivers behind them.
Power & Gas
Winter 20 power opened April at £38.10/MWh, it’s now trading around £40.67/MWh, having hit an in-month high of £42/MWh, driven by EDF announcements of a reduction in French nuclear generation to ...
Posted on: 01/05/2020
Generator Revenue Streams: Update
Following on from our recent Generator Revenue Streams webinar, Head of Sales for Smart Generation, Angus Widdowson picks out some of the biggest headlines and explains the reasons behind our changing forecasts.
Given the social distancing measures implemented in the UK following the Covid-19 pandemic, overall demand is down, causing knock-on effects in wholesale power prices. Further impacted by demand destruction in other markets such as oil and gas as countries remain...
Posted on: 23/04/2020
Contracts for Difference Still on Track: AR4 Set for 2021
Following the announcement from Government that the next Contracts for Difference (CfD) Auction remains on track for 2021, Head of Renewables Origination, Rob Luke takes a look back at the success of the scheme so far, as well as what we might expect from the upcoming round.
Despite the major changes we’re all currently experiencing, news which emerged last week detailing the decision made by The Department of Business, Energy and Industrial Strategy (BEIS) to keep planned timescales for the...
Posted on: 16/04/2020
Covid-19's Energy Market Impacts
As the impacts of Covid-19 continue to be felt across the globe, Head of Markets, Bozhidar Bozhkov takes a look at how power markets in the UK and across Europe are responding to the situation, as well as what this means for generators.
As we reach the 4th week of extraordinary measures designed to contain the spread of coronavirus, global commodity markets have been reacting to self-isolation, social distancing and the new demands of our changed societies.
The overall need for power remains...
Posted on: 09/04/2020
Power Markets Review: March 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis, Sales Trader Jean-Philipe Marty and Trading Optimisation Analyst, Leo Burdorf take a look at changes across commodity markets throughout February, as well as the drivers behind them.
Power & Gas
Beginning with seasonal power contracts, prices have continued in sharp decline over the past month. Having opened March at £33.70/MWh, a significant amount has been shaved off the Summer 20...
Posted on: 06/04/2020
Targeted Charging Review Update: TNUoS Changes Delayed
After news emerged that Ofgem have allowed National Grid to withdraw a code modification which would have given effect to changes regarding Transmission Network Use of System (TNUoS) charges, Head of Pricing, Tom Putney, breaks down what this means for business consumers.
For the past few years, Ofgem’s Targeted Charging Review (TCR) has been looking at making changes to residual charges and embedded benefits.
Residual charges are essentially charges to cover sunk costs, where customer...
Posted on: 02/04/2020
Triads 2019/20 Confirmed
Now that National Grid have published the confirmed Winter 2019/20 Triad periods, Strategic Account Manager, Mark Cox looks at the savings businesses would have made from reducing their consumption during these peak periods and how they can take the next steps to make the most of their flexibility.
Triads are the three highest half hourly periods of demand, 10 days apart, usually between 4pm-7pm throughout November to February. These three half hourly periods cover the cost of running the...
Posted on: 26/03/2020
COVID-19 and its initial impact on the energy sector
As we continue to face an unprecedented global health crisis, our Head of Smart Generation Sales, Angus Widdowson looks at the initial impact the COVID-19 pandemic has had on the UK energy sector.
With the UK on lockdown, many businesses closing and the majority of Britain’s workforce now working from home, COVID-19 is causing major economic disruption.
Social distancing measures have forced some of the UKs biggest energy users, such as offices and industrial sites to shut and even though...