Chart of the week
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Energy storage and flexibility
R1 and L1 revving up the BESS revenues
In our ‘The VFF… Very Fast and Financially rewarding market so far’ Chart of the week, the two new contingency markets, the Very Fast raise contingency FCAS market and the Very Fast lower contingency FCAS, were analysed and demonstrated the high participation of big batteries along with VPPs and DERs….
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Low carbon generation
An investigation into REZ capacity factors during Victoria’s dark doldrums
As the grid transitions to much higher levels of renewable penetration, the range of generation outcomes on any given day increases. The worst of these ranges are known as dark doldrums when there is a combination of poor conditions for wind and solar generation, usually a windless day in winter….
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Commercial and market outlook
The VFF… Very Fast and Financially rewarding market so far
On 9 October 2023, 1pm (market time), we saw the start of two new contingency FCAS markets. The Very fast raise contingency FCAS market, and the Very fast lower contingency FCAS. Upon commencement of the VF FCAS market, a commissioning period of two weeks with an initial max requirement of…
Latest blogs
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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…
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Low carbon generation
Blowin’ in the Wind: Is offshore wind the answer to Ireland’s net zero future?
As Ireland works towards achieving net zero by 2050, there is a pressing need to develop additional renewable energy capacity. Offshore wind is likely to be a particularly important sector and, thanks to Ireland’s large offshore exclusive economic zone, presents a valuable opportunity for the Irish economy. Cognisant of this…
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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…
Insight papers
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Energy storage and flexibility
Integrate to Zero – Rewarding consumers for flexibility: global market highlights
This report, developed in partnership with Integrate to Zero, explores the highlights, insights, and themes that are characterising household flexibility markets around the world. We carried out desk-based research using an initial review of different energy markets to spotlight and evaluate the flexibility-focused propositions that were present in these markets….
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Low carbon generation
Battery storage in Japan: An up-and-coming market?
This paper includes exclusive insights from Cornwall Insight’s Japan Benchmark Power Curve. As Japan progresses towards net zero emissions by 2050, the country’s energy system will undergo substantial changes, some of which we discuss in this insight paper. In this insight paper, we discuss the demand and challenges accompanying Japan’s…
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Low carbon generation
Is Germany going green? Charting Germany’s energy transition (2nd edition)
This paper includes exclusive insights from Cornwall Insight’s North West Europe Benchmark Power Curve. The first edition of this report was published in June 2023. Using exclusive insights from our new North West Europe Benchmark Power Curve, our insight paper assesses the impact of macroeconomic and geopolitical challenges on Germany’s…
