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...
Posted on: 07/11/2019
Power Markets Review: October 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 October, as well as the drivers behind them.
Beginning with the Summer 20 power contract, which opened in October at £48.55/MWh, we’ve seen a steady drop in value over the month. It now trades at around £45.50/MWh which represents a loss of over £3 from month open to close. This has been the case despite an increase on carbon. ...
Posted on: 31/10/2019
Triad Season 2019
As the Triad season fast approaches, Strategic Account Manager, Mark Cox takes a look at what it means for business consumers and how they can make cost savings by reacting to times of peak demand.
Triads are the three highest half hourly periods of demand (usually between 4pm-7pm) throughout November to February, separated by 10 clear days. These three half hourly periods cover the cost of running the transmission network, also known as Transmission Network Use of System (TNUoS) charges at...
Posted on: 24/10/2019
Announcements, Brexit and Conference Season – The ABC of Labour Energy Policy
In the current period of political uncertainty caused by Brexit, a general election is becoming a more likely prospect. In this latest blog, Head of Regulatory Affairs, Colin Prestwich outlines what we know about the Labour Party’s recent thinking on energy and what it might mean for the sector.
In an interview with The Guardian in late December 2018, Shadow Secretary of State for the Department of Business, Energy and Industrial Strategy, Rebecca Long-Bailey affirmed that the party’s target...
Posted on: 11/10/2019
SmartestEnergy shortlisted for two Energy Awards
SmartestEnergy has been shortlisted for two Energy Awards this year - Supplier of the Year and Innovation of the Year. Head of Industrial and Commercial Supply Sales, Nathan Dad explains our innovative approach which has caught the eye of the judges.
At SmartestEnergy everything we do is centred around our customers, so I’m delighted this has been recognised by the judges in our awards applications and we have been named finalists for these two categories.
Innovation of the Year...
Posted on: 10/10/2019
CfD Auction Results and the Changing Energy System
In this latest blog, Head of Sales for SmartGeneration, Angus Widdowson and Trading Optimisation Analyst Leo Burdorf, take a look at the results of the recent Contracts for Difference (CfD) auction and what the increased levels of wind generation mean for other assets on the energy system.
As the government’s main mechanism for ensuring the continued deployment of renewable generation, CfDs ensure that generators get paid an agreed strike price for each MWh of electricity produced. Dominated...
Posted on: 03/10/2019
Power Markets Review: September 2019
Head of Sales Trading, Fanos Shiamishis takes a look at changes across commodity markets throughout September, as well as the drivers behind them.
Beginning with the Winter 19 contract, which expired at the end of September, it closed at £51.85/MWh. This represented a slight rise on September’s opening level of £50.75/MWh. Looking ahead to Summer 20, the contract opened at £48.55/MWh. Of course, this is lower than the winter contract because demand is lower - during the summer...
Posted on: 26/09/2019
Energy Labels 2018/19 Launched!
For the fourth year in succession we are now distributing Energy Labels to our customers, showing both their fuel mix and carbon emissions for the certification period (01 Apr 2018 – 31 Mar 2019). Head of Account Management, Robin Jolly explains the value the Energy Labels provide to customers and why they have become so popular.
The concept of the Energy Label was introduced by the Aldersgate Group in 2014 and we were the first supplier to embrace this initiative. We believe it is important...
Posted on: 19/09/2019
Leveraging Renewable Energy to Become a More Sustainable Business
In this guest blog, freelance renewables and sustainability writer, Sarah Anderson examines why UK enterprises are choosing to future-proof their operations by going green – delving into sustainability best practice and government initiatives.
Over recent months, global disasters have made headline news, such as Hurricane Dorian in the Bahamas, flash flooding in Spain, Sweden, Iran and Morocco, and wildfires in the Amazon Jungle, Siberia and Portugal.
We’re witnessing rising sea...
Posted on: 12/09/2019
Facilitating Decentralised Energy: Who Plays Which Part?
After Ofgem published the sixth instalment of their ‘Future Insight’ series, focusing on the development of Flexibility Platforms in the electricity system, Head of Regulatory Affairs, Colin Prestwich, breaks down the key messages from the paper and outlines just where we are in the transition to decarbonised, decentralised energy.
Regular readers of our blogs will remember that only two weeks ago, we published a post showing how the future energy system would be local, low-carbon and led by...