With the political debate regarding energy prices and their impacts on the cost of living – not to mention the economy at large – the default tariff cap announcement for Summer 2022 from Ofgem at the start of next month is the most anticipated since the cap’s inception.
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Related thinking
Commercial and market outlook
How much Raise FCAS is needed as inertia reduces?
The Step Change scenario in the 2022 Integrated System Plan (ISP) is targeting 83% renewable energy generation in the NEM by 2030-31. By then, around 79GW of VRE resources (wind, utility solar, and distributed PV) is expected to have been installed to help replace the 14GW capacity of synchronous generation...
Energy storage and flexibility
How much ‘annuity’ do you need under LTESA?
The NSW Electricity Infrastructure Roadmap’s second competitive tender round for firming infrastructure commenced on 3 April 2023. This second round is focused on supporting LTESA firming supply proponents, where ‘the LTES Operator will have the option to access a capped annuity payment as a top-up to the operating revenues of...
Commercial and market outlook
Patriots ‘Dynasty’ off to a rough start, as New England suffers loss to the MLFs…
For many, the first of April is marked in calendars as a day for jokes and silly nuisances. For the few, specifically the energy industry, we have it pencilled in for the release of the upcoming year’s Marginal Loss Factors (MLFs). Over the last half-decade, movements in MLFs have received...
Business supply and services
Supplier of Last Resort true-ups confirmed by Ofgem
Ofgem has published its decision documents confirming the Supplier of Last Resort (SoLR) true-up claims submitted by energy suppliers and the amounts it has agreed as part of their SoLR levy claim. In this week’s 'Chart of the week', we review the SoLR true-up claims.
Business supply and services
The first month of the EGL against a backdrop of falling wholesale prices
The end of January means the end of the first month of the Electricity Generator Levy (EGL). First announced as part of the Autumn 2022 budget, the EGL places a 45% tax on generation receipts above £75/MWh for non-Contracts for Difference (CfD) renewable and nuclear generators until March 2028. In...
Home supply and services
With wholesale prices falling, how many domestic customers are looking for better prices?
In anticipation of supply contracts being offered below the Energy Price Guarantee (EPG), what might happen to customer switching rates? In this week’s 'Chart of the week', we look at how many domestic consumers might be ready to switch when suppliers increasingly offer contracts below the price cap supported level,...
Energy storage and flexibility
What’s GoOing on with REGOs?
The world of Green Certificates is a complex area of the energy sector and is set to become more-so as we head towards a period of major regulatory change in 2023. The EU’s Guarantee of Origins (GoOs) and GB’s equivalent Renewable Energy Guarantee of Origin (REGOs) are certificates proving the production...
Home supply and services
Market share shifts: Octopus Energy’s acquisition of Bulb accelerates growth
On Saturday 29 October BEIS confirmed it had approved the transfer of Bulb’s 1.5mn customers, as well as 650 employees, to Octopus Energy. In this week's 'Chart of the Week', we look back over time at the two suppliers and the growth Octopus Energy has seen through organic means and...
