Posted on: 20/03/2020
The Targeted Charging Review and Changes to TNUoS: What We Know So Far
As a follow up to our latest Non-Commodity Costs webinar, Strategic Account Manager, Mark Cox outlines the upcoming changes to Transmission Network Use of System (TNUoS) Charges as a result of Ofgem’s Targeted Charging Review (TCR).
On Tuesday’s webinar, we received an unusually high number of questions relating to the TCR and the impacts it is set to have on business users. Whilst the full details are still yet to be worked out by the regulator, we can at last give you an early signpost...
Posted on: 12/03/2020
Aiming for Net-Zero: Business In The Community
In this guest blog, Environmental Director at Business in the Community (BITC), Gudrun Cartwright takes us through some of the work BITC are doing to help create a sustainable future, as well as the aims of the net-zero taskforce.
BITC was originally founded in 1982, and is one of ‘The Prince’s Charities’, with HRH The Prince of Wales as founding Patron. We work with businesses across the globe that are looking to become part of the solution to some of society’s biggest shared challenges and...
Posted on: 03/03/2020
Power Markets Review: February 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 the effects of recent storms on system prices, as well as changes across commodity markets throughout February.
Before we dive into our monthly review of the commodity markets for February, we need to talk about system prices on Wednesday, 4th March, where we saw prices reach £2,242/MWh for settlement period 37 and £1,708/MWh for...
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 ...