Posted on: 20/02/2020
The Energy Services Transforming the UK’s Digital Energy Landscape
In the first scoping of the UK’s Digital Energy Landscape, Energy Systems Catapult (ESC) has identified 184 innovative energy companies who are lowering energy costs, adopting renewable energy and revolutionising the future of energy in the UK.
In this guest post on behalf of the ESC, Charles Morley takes a closer look at some of these companies and what they bring to the energy sector.
Car sharing service Zip car recently partnered with Volkswagen in order to include...
Posted on: 10/02/2020
Power Markets Review: January 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis and Trading Optimisation Analyst, Leo Burdorf take a look at changes across commodity markets throughout January, as well as the drivers behind them.
The system was 4GW short on Sunday 9th February, as Storm Ciara hit around 1pm and demand out turned above the forecast. It is possible that high wind speeds contributed to this, as when wind speeds are faster than the tolerance levels of wind...
Posted on: 05/02/2020
Capacity Market Auction Results: T-3 Clears at £6.44/kW
After the provisional results were announced for January’s T-3 Capacity Market (CM) auction, Head of Markets for Smart Generation, Boz Bozhkov, assesses the winners and losers this time round.
After the reinstatement of the Capacity Market last October, the schedule of the CM auctions had to be tweaked a little in order to allow for the procurement of sufficient capacity in line with normal scheduling. Owing to its previous suspension, a T-4 auction for delivery in 2022/23 had to be delayed...
Posted on: 04/02/2020
Seasonal Power Prices fall below £35/MWh
Wholesale market prices have fallen significantly, increasing pressure on independent generators, and highlighting the need to sell power flexibly. Head of Smart Generation Sales, Angus Widdowson, looks at what’s driving down these prices and why a Flexible Power Purchase Agreement (PPA) could be a preferred option for independent generators to help protect project revenues.
Over the last week the wholesale market has dropped off considerably. We’ve seen unusually low prices for forward...
Posted on: 31/01/2020
Carbon Reporting: The Streamlined Energy and Carbon Reporting Framework
With the end of the financial year fast approaching, businesses are once again turning their attention to the Streamlined Energy and Carbon Reporting (SECR) Framework. Vice President of I&C Supply, Louise Wapshare looks at the requirement and considers what businesses need to do to comply.
Following a decision to scrap the Carbon Reduction Commitment in 2016, the UK Government decided to implement a more streamlined framework (SECR).
Which businesses are affected?
All UK quoted companies ...
Posted on: 24/01/2020
A spotlight on the Caird Park Low Carbon District Energy Hub in Dundee – ‘Carbon Reduction Award’ winner
Michael Watts, Strategic Sales Manager, highlights the winner of the latest ‘Scottish Energy Awards – Carbon Reduction Award’ sponsored by SmartestEnergy in his latest blog. He explores what the winner has achieved, as well as what’s on the horizon as they continue to strive to support wider net-zero carbon targets.
In wrapping up a year of green initiatives, SmartestEnergy sponsored the Carbon Reduction Award at the annual Scottish Renewables’ Scottish Green Energy Awards. Each year this...
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.