Posted on: 13/06/2019
T-1 Capacity Market Auction Clears At £0.77/kW
After the T-1 Capacity Market (CM) auction cleared at a price of £0.77/kW this week, Head of Markets for Asset Optimisation, Boz Bozhkov outlines the winners and losers from this year’s auction, as well as the reasons why.
Another year and another record low clearing price for the T-1 CM auction. This has been no ordinary auction however, conducted against the backdrop of the Capacity Market suspension following legal action taken by Tempus Energy.
It seems so long ago that the European Court ...
Posted on: 07/06/2019
Cyber Essentials Certified
To celebrate SmartestEnergy’s Cyber Essentials Certification, Vice-President for IT and Change, Sophie Taylor outlines what the accreditation means and how we’re taking steps to improve customer protection.
As of May 2019, we became officially certified under the National Cyber Security Centre’s Cyber Essentials Scheme. This Government backed program sets out standards for our internal processes and data protection to ensure that we are looking after our customer’s important information.
Posted on: 30/05/2019
Independent Generators Shift Investment Focus Towards Gas Peakers
In the last of our three-part series exploring the independent generation market, Vice-President for Asset Optimisation, James Graham outlines how project developers are shifting the focus of their investment to gas peaking plant in order to complement renewable assets.
During the first phase of their contribution to the UK’s energy ambitions, energy entrepreneurs rapidly developed thousands of renewable generation projects. The need for more renewables still very much remains, but now that...
Posted on: 28/05/2019
UK Battery Storage Pipeline Doubles to 4.9GW in 2018
In the second of our three-part series covering the highlights of the 2019 Energy Entrepreneurs Report, Head of Markets for Asset Optimisation, Boz Bozhkov explores the findings for battery storage, and how the emerging market is already developing.
During the past year, the amount of capacity in the development pipeline for battery storage in the UK has doubled to 4.9GW.
2018 also saw a change in the ownership pattern for battery storage projects, with investors, such as the Gore Street...
Posted on: 17/05/2019
Independent Renewable Investment Tops £3bn
After the launch of our 2019 Energy Entrepreneurs Report this week, in the first of a three-part series, Chief Commercial Officer, Dave Cockshott explores the findings for the renewables sector, as well as what the future holds for project developers.
The expansion of the independent renewable energy generation sector over the past seven years has been truly remarkable. Back in 2012, there was only 4.7GW of capacity contributing to Great Britain’s decarbonisation efforts, but now that figure...
Posted on: 10/05/2019
The road to EVolution
Considering the road to ‘EVolution’ in the UK, Michael Watts, Strategic Sales Manager, outlines the importance of a collaborative approach to EV infrastructure development, that brings together the best minds from government, the automotive industry, the energy sector and digital technology firms to achieve results.
At an event hosted this week by RSM in London, EV experts and stakeholders gathered to discuss ‘The road to EVolution’ with views shared by National Grid, the Renewable Energy...
Posted on: 03/05/2019
CfD3: Auction Expectations
Ahead of May’s Contracts for Difference (CfD) auction, Head of Renewable Origination, Rob Luke, takes a look at what we’re expecting from the upcoming event.
Sure, a lot of talk at the moment is about the withdrawal of subsidy support and how generators are facing challenging market conditions. However, we should still be positive in instances where there is support available for renewable generation, as we welcome the CfD auction confirmed for 29th May.
The auction will see 15GW of eligible ...
Posted on: 26/04/2019
Revenue stack pressure drives Generators to actively manage power price revenue and seek longer term certainty from renewable certificates
Given the recent power price drops and the uncertainty with embedded benefits values long-term, Chris Smith, Head of Renewable Sales, explores the key findings from our latest report, ‘The Future Revenue Stack: Driving Value in an Uncertain Future’, which is jam packed with generator insights and forecasts from our Trading and Asset Optimisation teams.
The challenges facing generators in the years ahead was summed succinctly by one of leading generators at a roundtable we ran recently, when...
Posted on: 18/04/2019
The Subsidy Free Landscape: Post-FiT PPAs
Following the closure of the Feed-in Tariff (FiT) Scheme this March, Head of Renewable Sales, Chris Smith assesses what’s next for generators and how the PPA landscape will look moving forwards.
The growth in UK renewable generation has clearly been a success story, supporting significant reductions in carbon emissions. However, the first of a number of industry changes which will impact existing generation sites - as well as new build projects – came into effect recently.
Namely, this was
Posted on: 12/04/2019
The Future of Regulation: How to Move Forwards
Ofgem’s performance has come under scrutiny on a number of occasions over the last decade. In this blog, Head of Regulatory Affairs, Colin Prestwich assesses the latest consultation regarding the energy regulator’s performance and what positive changes could come out of a shake-up.
In February this year, the National Infrastructure Commission (NIC) launched a Call for Evidence (CfE) on the performance of regulators across energy, water and telecoms as part of their wider Future of Regulation...