Posted on: 07/02/2019
Capacity Market Standstill: The Perfect Time To Move Forwards
The Capacity Market is facing an uncertain future as Government await the outcome of a new review conducted by the European Commission. Head of Regulatory Affairs, Colin Prestwich explores how the review offers an opportunity to implement changes for the better…
It’s now been 3 months since the European Court of Justice suspended the Capacity Market (CM). In the meantime, Government have consulted on options to keep the scheme running during the standstill period, and industry itself has begun ...
Posted on: 01/02/2019
Targeted Charging Review - Industry Feedback on the Proposals
At the close of 2018, Head of Renewable Sales, Chris Smith published a blog on the planned industry changes in the Targeted Charging Review, focusing particularly on Balancing Services Use of System (BSUoS) charges and the likely costs to existing generation. In this latest blog, he reflects on feedback from industry stakeholders following his participation in a REGEN panel discussion, which explored the implications of the changes and addressed generator’s concerns.
Over the last few weeks,...
Posted on: 30/01/2019
Battery Planning Changes: Enabling Deployment in the Post-Subsidy World
Batteries have encountered a number of hurdles recently, with the capacity market suspension increasing uncertainty for developers and de-rating factors cutting revenues. In this blog, Head of Markets for Asset Optimisation, Boz Bozhkov explores the proposed changes to planning rules for batteries and how they could change the deployment landscape for the better.
Its great to see government showing the right intent and trying to help battery storage deploy.
A new consultation has outlined...
Posted on: 25/01/2019
Power Market Prices - 2018 Review
2018 was a volatile period for power prices. Head of Renewable Sales, Chris Smith, reviews some of the significant trends and key market drivers. He goes on to consider the current market changes and considerations at play early this year.
In the UK last year, we witnessed a sustained period of power price growth across the summer. We also observed plenty of extreme price levels, with Winter 18 baseload power prices peaking close to £75/MWh on 10 September 2018 (£49/MWh: 2017). While Summer...
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...