In this week’s blog, we consider the recent refusal of planning permission for the construction of a 208MW open cycle gas turbine (OCGT) “peaker” power plant in Co Meath. While the project would assist in ensuring and maintaining the security of supply in the region, the plant was intended to run on distillate oil so ultimately was refused planning permission due to its impact on greenhouse gas emissions. This raises the interesting dilemma that the need for increased flexibility to accommodate the integration of renewables on the network and the drive for decarbonisation of generation don’t always go hand in hand.
Related thinking
Commercial and market outlook
The latest quarterly updates from our Benchmark Power Curves
Long-term, technology-specific power price forecasts are crucial for making sound investment decisions. But with the rapidly changing market landscape, obtaining credible, comprehensive insights can be a challenge. That's where Cornwall Insight's Benchmark Power Curves step in to deliver the forecasting expertise you need. Backed by our deep market knowledge and...
Low carbon generation
A year of progress: Low-carbon Hydrogen Policy Index findings
Since publishing the previous iteration of the Low-carbon Hydrogen Policy Index in April 2023, the global hydrogen market has continued to grow and develop as both national governments and industry stakeholders have sought to expand the role of hydrogen in their decarbonisation plans. See what changes have happened since the...
Net zero corporates and ESG
Help us understand your business decarbonisation challenges
Are you a large business impacted by the challenge of increasing energy costs and decarbonisation targets? If the answer is yes, then we’d love your help to find out more about the challenges you are facing. We recently published an insight paper on the challenging economic climate that businesses are...
Low carbon generation
Energy System Reform: Ofgem shares plans for Britain’s energy system
Against the backdrop of record high and volatile energy prices, Ofgem set out on 8 July its view on key aspects of the GB energy system where it considers significant reform is required to deliver a resilient, low cost, low carbon energy sector. Recent developments in the energy market, such...
Low carbon generation
What’s in store? Our analysis of the co-location development pipeline
Amid underlying volatility in wholesale power prices, opportunities for access to wider flexibility revenue streams, and the impact of price cannibalisation, the case for co-location for renewable energy assets is growing. As part of Cornwall Insight’s Renewables Pipeline Tracker service, a case study is included in each report’s release based...
Commercial and market outlook
Capacity, reform, and unlawful strategies: 5 things that happened yesterday
Capacity, reform, and unlawful strategies: yesterday was a busy day for energy geekery. The developments encapsulate the shorter and longer term challenges and uncertainties present in the energy market presently: Read the full article here
Commercial and market outlook
Two thirds of energy industry professionals think the market needs to be drastically reformed
A survey conducted of over one hundred leading energy market professionals from across the investment and advisory community, by Cornwall Insight, from the attendees of its Financing Net Zero forum, has shown nearly two thirds (63%) of people working in the energy industry1 believe the UK market needs to be...
Low carbon generation
A collection of resources on net zero – Net Zero Week 2022
For Net Zero Week 2022, we released a range of resources to help you on your journey to net zero. For convenience, we have put them all together in a handy Resource Report. To read the full collection of resources, please log in to your account or sign up for...
