Posted on: 17/01/2020
REGOs: proving your renewable supply
As we begin the new decade, the focus on decarbonisation and achieving net zero has never been stronger. In this blog, Channel Development Team Manager, Jess Butlin and Head of Renewables Trading, Vishnu Aggarwal assess the importance of REGOs in proving the credentials of renewable power.
What are REGOs?
Renewable Energy Guarantee of Origin (REGO) certificates are essentially a tracking instrument which prove that power supplied to an end consumer comes from a renewable source. Generators...
Posted on: 09/01/2020
Power Markets Review: December 2019
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis takes a look at changes across commodity markets throughout December, as well as the drivers behind them.
Summer 20 power softened throughout December driven by the bearish gas market. It now trades at around £39.00/MWh, a loss of over £4/MWh from the beginning of last month. With temperatures across UK and the rest of Europe out-turning higher than seasonally expected, December 19...
Posted on: 02/01/2020
Improvements in the regulatory landscape for battery storage
After Ofgem’s recent approval of changes to ensure that distribution connected storage assets will not have to pay the residual element of Distribution Use of System (DUoS) demand charges from April 2021 onwards, Head of Regulatory Affairs, Colin Prestwich takes a look at what is being done to level the playing field and make the ability to deploy battery storage more viable.
It’s becoming a bit of a cliché by now that grid-scale battery storage will be key to decarbonising the electricity...
Posted on: 20/12/2019
COP25 Roundup - Progress and Protests Headline Madrid Talks
After the latest United Nations climate conference concluded in Madrid last week, Strategic Sales Manager, Mike Watts rounds up the key takeaways and asks, is progress really being made?
After the longest session of climate talks ever, countries from around the world have come to an agreement on a compromise deal. It took 48 hours longer than originally anticipated, but the negotiations, chaired this time by Chile, have at least set out a clear path for future commitments to be made.
Posted on: 13/12/2019
Sustainability Report 2019 Launched!
After the launch of our Sustainability Report 2019, Deputy Vice-President of Marketing, Mike Shirley outlines some key highlights and what future actions we’re taking to reduce our carbon footprint.
With 2019 having seen the UK make a binding commitment to reach net zero by 2050, the sustainability of business operations has never been more front-of-mind.
As an energy supplier, not only do we have a responsibility to ensure the sustainability of our own business operations, but by helping to ...
Posted on: 06/12/2019
Power Markets Review: November 2019
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis takes a look at changes across commodity markets throughout November, as well as the drivers behind them.
The Front Season contract (the Summer 20 power contract) opened at over £46/MWh at the beginning of November, before proceeding to soften to a low of £43.75/MWh. The back half of the month saw some recovery however, with the contract trading around £44.80/MWh in the last days of ...
Posted on: 02/12/2019
Ofgem's TCR Final Decisions
After Ofgem published their final decisions under the Targeted Charging Review, Head of Pricing, Tom Putney takes a look at the future charging landscape and what it means for both end users and power generators.
With the aim of making the charges fair and transparent, Ofgem has now decided to levy all residual charges on end consumers. Residual charges are those charges which recover the costs of using the network, rather than the forward-looking costs designed to reduce the...
Posted on: 29/11/2019
A consensus on smart systems and flexibility
Following the conclusion of the latest edie Energy Leaders Club event where Lisa Bunting, Commercial Manager, hosted two roundtable discussions on smart systems and flexibility, she outlines key takeaways provided by energy managers at the forefront of the UK’s efforts to decarbonise and achieve net-zero targets.
It was clear from the outset of the second annual edie ‘Spark!’ event for members of the Energy Leaders Club, that flexibility would be a popular topic. With companies having varied...
Posted on: 20/11/2019
Beyond the Brexit Election: Conservative Energy Policy
Ahead of the General Election on 12th December, Head of Regulatory Affairs at SmartestEnergy, Colin Prestwich looks at how Conservative energy policy has evolved over the last two to three years and anticipates the contents of the Conservatives’ 2019 election manifesto.
The manifesto set out by the Conservative Party in the General Election of 2017 contained various headline positions on policy within the energy sector such as reaffirmed support for the Smart Meter rollout, continued support...
Posted on: 14/11/2019
New Opportunities for Distributed Generators: The Balancing Mechanism
As SmartestEnergy have dispatched our first trade in the Balancing Mechanism since it opened up to distributed generation, Head of Asset-Backed Trading, Simon Kneale outlines what the BM is and the opportunity it now offers.
Put simply, the BM is National Grid’s primary tool for ensuring that the system remains in balance – meaning that generation equals demand near to real-time. Markets dictate supply and demand up until gate closure (1 hour before any given half-hourly settlement period...