Low carbon generation

  • Low carbon generation

    RESS 2 – Five key insights

    Higher costs drive up auction clearing price It’s been a tumultuous couple of years since RESS 1. As the world recovers from the COVID-19 pandemic and the conflict in Ukraine continues, stresses and strains are being felt across many sectors of the economy, and infrastructure is no exception. Pent up...

  • E-mobility and low carbon

    Key take-aways from the Low-carbon hydrogen roundtable

    Recent announcements from the UK Government have made it clear that the role for low-carbon hydrogen in the UK energy system is set to increase rapidly across the next decade. There was significant focus on low-carbon hydrogen in the Energy Security Strategy, including the doubling of the hydrogen capacity target...

  • Low carbon generation

    RESS 2 by numbers

    Last Friday, RESS 2 auction results were published, with nearly 2GW of new renewables projects successful in getting awarded a contract. We have put together an infographic that explains the auction outcome and what these projects will bring to our electricity system. We have also released a report with Wind...

  • Low carbon generation

    RESS for LESS

    We have also released a report with Wind Energy Ireland which is free to download. View the report here

  • Announcement

    2021/22 Australian energy insights report

    Analytics on key current developments in the Australian energy industry are available Cornwall Insight Australia has released a compilation of Australian energy insights, charts, and analyses. The report includes the topics of energy storage and flexibility, generation (all technologies), power prices, low carbon generation, FCAS, policy and regulation, and transmission...

  • Announcement

    The Energy Security Bill explained – from the Queen’s Speech

    On Wednesday 11 May, the Queen's Speech was delivered which announced that an Energy Security Bill will be introduced at some point over the next parliamentary session. What is the Energy Security Bill and what does the Government state the benefits will be? https://www.youtube.com/watch?v=vLfmkM0mAqc What are the main elements of...

  • Commercial and market outlook

    Cornwall Insight responds to the announcement of an Energy Bill in the Queen’s Speech

    The Queen’s Speech this week included a much-anticipated announcement that an Energy Bill will be introduced at some point over the next parliamentary session. The Bill is a logical conclusion of policy development in the period since the net zero commitment was made in the summer of 2019. It accommodates...

  • Low carbon generation

    Battery Storage Boom set to continue

    In our latest insight, GB Power Market Outlook to 2030, we estimate that in 2030, almost 10% of grid power comes from battery storage. Growth in the immediate future is set to be strong, in the T-4 2025-26 Capacity market auction, 2.5GW of new-build storage capacity was prequalified, of which...

  • Low carbon generation

    Reform in haste, repent at leisure: squaring electricity market reform with investor confidence

    The review of electricity market arrangements (REMA) signalled by the energy security strategy could impact wholesale & balancing markets, & there could be a need to examine the capacity market rules & CFD contracts. It is too early to know what options will ultimately be adopted or when changes would...

  • Low carbon generation

    GB Power Market Outlook to 2030

    This report provides an annual overview of trends for the GB Power Market out to 2030 using outputs from Cornwall Insight’s latest Benchmark Power Curve (BPC) for the British Electricity Market covering England, Scotland and Wales. This publication is based on comprehensive market and asset-level power price modelling that delivers...

  • Low carbon generation

    Are renewables the answer to Ireland’s energy crisis?

    The current crisis in the energy markets may seem like it’s all doom and gloom, every week another electricity or gas supplier announces a price hike with the consumer powerless, at the whim of the global commodity prices. However, offshore wind presents a unique opportunity for Ireland, to both decarbonise...

  • Low carbon generation

    Germany tops the leader board with South Korea in second place

    The role of low-carbon hydrogen in achieving our net zero targets has been a hot topic of conversation of late, both within industry circles and in mainstream media and public conversation. As the discussion builds, Cornwall Insight has interrogated the policy and strategy frameworks presented by countries that have branded...

  • Low carbon generation

    What to look out for in Third Party Charges in 2022-23

    In recent months, the GB energy market has been exposed to extreme volatility as wholesale prices have grown rapidly, leading to a significant number of supplier exits and questions over consumer affordability of energy bills. This has resulted in notable movement across a number of non-commodity costs (also known as...

  • Low carbon generation

    High levels of offline generation capacity in the SEM prompts elevated near-term power prices

    With approximately 1.3GW of offline capacity at present, supply margins in the SEM are currently tightened by the reduced availability at some of these large thermal plants, supporting elevated near-term power prices of which rose strongly week-on-week. Outage trends: Offline capacity is forecast to increase substantially from the previous week,...

  • Low carbon generation

    Government opens consultation on Maritime Area Consent for ORE

    On 19 January, the Minister for the Environment, Climate and Communications, Eamon Ryan TD launched a consultation on important aspects of the new Maritime Area Consent (MAC) State consent regime for offshore renewable energy (ORE). This follows the publication of the full text of the Maritime Area Planning (MAP) Act...

  • Low carbon generation

    High and Volatile: Trends from our Q421 Green Power Forecast

    At the end of January we released our latest Green Power Forecast, projecting renewables generators revenues over a five-year horizon whilst also providing Power Purchase Agreement (PPA) pricing and benchmarking updates, and a survey to gauge the latest renewables market trends. Amid the current “energy crisis” arising from an underlying...

  • Low carbon generation

    Why is RAB being pursued for new nuclear

    Nuclear generation has experienced a stop-start approach to investment in GB since the then Labour government put it back on the policy agenda in the early 2000s. Even with the addressing of environmental and operational concerns to the satisfaction of policymakers and regulators, its high capital costs made it require...

  • Commercial and market outlook

    EU Commission publishes climate change mitigation taxonomy

    An excerpt from our European Weekly Bulletin, part of our Energy Spectrum Europe package. On Wednesday 2 February, the EU Commission presented its Taxonomy Complementary Climate Delegated Act on climate change mitigation and adaptation covering certain gas and nuclear activities. The commission states that it aims to prevent greenwashing and...

  • Low carbon generation

    Week-on-week day-ahead power price losses in the SEM

    The first reported week of February 2022 recorded week-on-week day-ahead power price losses in the SEM. Source: SEMO/Cornwall Insight Ireland Despite recent week-on-week price losses, day-ahead power prices remain significantly higher than the prices observed in the opening week of February last year, currently out turning 171.0% higher. Day-ahead power...

  • Low carbon generation

    Surprising decision by the Secretary of State for BEIS regarding the Capacity Market auction

    An interesting and surprising decision by the Secretary of State for BEIS regarding the Capacity Market auction parameters for the upcoming T-1 auction being held on 15 February. The procurement target has been lifted from 4.5GW (as set in the draft parameters in July 21) to 5.361GW. This is notably...

  • Energy storage and flexibility

    Emerging utility business models

    This article is from our latest Energy Spectrum and the January 2022 issue of EEnergy Informer, a newsletter edited by Fereidoon Sioshansi of Menlo Energy Economics and editor of Variable Generation, Flexible Demand. As numerous prior articles have pointed out, the traditional utility business model seems to be on its...

  • Low carbon generation

    CfD Allocation Round 4 – let the competition begin

    2022 is set to hold what could be the largest Contracts for Difference (CfD) auction to date, Allocation Round (AR) 4, with government aiming to secure around 12GW of new renewables through the scheme. It will see the re-introduction of Pot 1 technologies (“established” technologies such as onshore wind and...

  • Business supply and services

    Wake-up call: Cost pressure in the GB energy market

    This Energy Perspective was published in Issue 791 of Energy Spectrum on 10 January 2022.  The current crises afflicting the energy supply sector, driven by rising energy input costs, are of economy-wide concern. The price of energy has always been an issue of significance for national economic competitiveness, inflation, monetary...

  • Low carbon generation

    Here we go again: Capacity Market auctions, what can we expect?

    After recently issuing our latest Capacity Market Forecast, we wanted to highlight some of the key trends to look out for regarding the upcoming Capacity Market (CM) auctions being held in February 2022. This round of CM auctions begins with the T-1 for Delivery Year 2022-23 on 15 February followed...

  • Business supply and services

    2021 top energy insights

    View our 2021 top insights; the top podcast, insight paper, 'Chart of the week' and blog. Click the boxes below to read the full articles. You may need to log in or create a free Cornwall Insight to continue reading. Download

  • Business supply and services

    Wholesale energy prices see new record highs as 2021 comes to a close

    In what continues to be a particularly tumultuous period for the wholesale energy market in the lead up to Christmas, prices have continued their crusade of setting record highs in a final send-off to 2021. On Wednesday 22 December, day-ahead gas prices reached a new all-time record high (on our...

  • Commercial and market outlook

    2021’s most exciting ‘Charts of the week’

    Some of our team have looked back throughout 2021 and picked their most exciting 'Chart of the week'. Read about their choices and click through to read the full 'Chart of the week'. To do so, you need a free Cornwall Insight account which is easy to create here. Green...

  • Energy storage and flexibility

    Five highlights from our latest PPA market research

    Recently, as part of both our Renewable PPA Market Share and Green Power Forecast reports, we have undertaken research into the renewables PPA market, hearing views from generators, offtakers and other renewables PPA market participants. Our recent Chart of the Week detailed the latest research from our Renewable PPA Market...

  • Heat networks

    Heat and buildings strategy: Key points

    On 19 October, the government released the Heat and Buildings strategy outlining how the government will tackle the decarbonisation of the built environment to help meet the UK net zero ambition. Our experts have taken a quick look at the strategy and highlighted the key points. Heating The strategy makes...

  • E-mobility and low carbon

    Net Zero Strategy: key points

    Yesterday, the government announced its long-awaited Net Zero Strategy, a 368-page document that provides a route the nation will take to a net zero economy. The strategy outlines how spending will be prioritised for power, fuel supply and hydrogen, industry, heat and buildings, transport, natural resources, and greenhouse gas removals....