Posted on: 13/12/2018
Targeted Charging Review - how will it affect embedded generators?
For several years now, generators’ income has come under sustained pressure from regulatory change focussing on embedded benefits. Chris Smith, Head of Renewable Sales, provides an overview of the most recent changes that may occur from the Targeted Charging Review.
This year has seen significant changes to generators’ income with TRIADs being reduced considerably and the Capacity Market (CM) embedded benefit being removed entirely.
However, more change is on its way with one of the most...
Posted on: 13/12/2018
A future with or without the Capacity Market
Head of Markets, Boz Bozhkov from our Asset Optimisation team recaps on the recent developments around the Capacity Market suspension and the potential impacts on revenue for flexible assets.
The sudden announcement on the 15th November that the Capacity Market will be suspended has created much uncertainty across the industry.
The General Court of the European Union removed state aid approval, concluding that the Commission failed to carry out a full investigation of the UK Capacity Market...
Posted on: 10/12/2018
Putting REGO certificates on the agenda
As the revenue stack changes for renewable generators, and we approach the end of the year, Chis Smith, Head of Renewable Sales, explores the value Renewable Energy Guarantee of Origin certificates (REGOs) can provide today.
It is a challenging and uncertain time for renewable generators across the country, with no planned subsidies for embedded generation and the Targeted Charging Review significantly impacting revenues for 2020 or 2021. However, the market is still confident that new...
Posted on: 30/11/2018
Creating a smarter energy future - Interview with New Statesman magazine
James Graham, Deputy Vice President of Asset Optimisation is interviewed for the latest edition of business magazine, the New Statesman. James answers questions about making energy work harder for customers and the environment. He also talks about our new Managed Flexibility product, launched last month and how we help consumers to optimise their energy usage which could reduce expenditure by 5-8%. Read the complete interview below.
How is SmartestEnergy a “next generation energy company”?
Posted on: 26/11/2018
Reflecting on 10 years since the Climate Change Act was passed into law
10 years on, we reflect on the targets set out in the Climate Change Act of 2008, and explore our progress towards a low-carbon economy. Mike Shirley, Head of Marketing, considers our adoption of renewable energy and the ways in which we can garner an increased interest in the need to accelerate our transition to a more sustainable energy future by building additional renewable energy capacity.
The Climate Change Act of 2008 set out a target to reduce net UK carbon by the year 2050 to 20% of...
Posted on: 21/11/2018
Creating an achievable sustainable future for our customers
As a next generation energy company, we are positioning ourselves for a more sustainable future, which is why we have launched our second annual Sustainability Report. Robert Groves, Chief Executive Officer, provides an overview of what you can expect from our latest report.
Putting customers at the heart of what we do has always been our focus. We know our customers care deeply about sustainability and reporting measures, so this was a major driver for us to share – beyond our day-to-day...
Posted on: 14/11/2018
The upward trend for green gas is accelerating our transition towards a more sustainable energy future
We are observing an upward market trend for green gas as demand increases and prices continue to rise. Amid this positive backdrop, Vishnu Aggarwal, Head of Renewables Trading, introduces SmartestEnergy’s green gas offerings and provides some insight into the gas prices over the last year.
Green gas (biomethane) has set itself apart from existing fossil-fuel derived natural gas provisions. As a renewable alternative, biomethane offers a solution for our sustainable energy transition....
Posted on: 30/10/2018
Has the Capacity Market been a success?
It has been five years since the Capacity Market was established through Electricity Market Reform (EMR). Boz Bozhkov, Head of Markets, provides an overview of how successful the Capacity Market has been and where it should go in the future.
The EMR programme was set-up by the government to tackle three issues within the energy market known as the energy trilemma, which are:
• Security of supply
• Minimising the cost of energy to consumers
• Decarbonising electricity supply
As part of the...
Posted on: 16/10/2018
What’s driving the future supply market?
This year marks the 10th anniversary of our electricity supply business! As we celebrate the success of the last ten years, Vice President of I&C Supply, Andy Cormie looks at what’s driving the future of the supply market.
This month our I&C Supply business is 10 years old!
When we launched on the 1st October 2008 after signing our first customer, the well-known charity Barnardo’s, the supply market was very different. Dominated by the ‘Big 6’ with their asset-heavy business models,...
Posted on: 26/09/2018
Our unique 2017/2018 Energy Labels have been released for all certified renewable electricity customers
This week marks the third year running that our customers have received their annual Energy Label showing their fuel mix and carbon emissions for the certification period. Robin Jolly, Head of Account Management, 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 that our customers know...