Reform of electricity network charges and balancing markets could fast-track energy transition
"While it is true that no single solution can comprehensively tackle the challenges facing the decarbonisation of the electricity system, a combination of incremental changes to areas such as network charging can provide us with the means to make substantial improvements without the need for a protracted and costly overhaul...
Lee Drummee Analyst at Cornwall Insight featured on Power Technology discussing the effects of fall in energy demand, caused by the UK Covid-19 lockdown on the Balancing Mechanism. He explained that the fall in energy demand because of the Covid-19 lockdown was always expected to increase the £/MWh rate of...
Cornwall Insight comments on the increase in BSUoS charges
“With increased BSUoS costs coming at a time of difficulty in the market, the deferment of additional BSUoS costs would be a welcome relief to suppliers and transmission connected generators alike.”
Non-energy charges set to rise due to falling energy demand
“Eventually, these increases to non-energy charges could be passed down to the consumer bill at a time where some customers are facing financial difficulties due to COVID-19, as they are urged to stay at home."