This week, the government committed to raising the amount of electricity generated from renewable sources from 30% to 70% by 2030. Minister for Communications and Climate Action Richard Bruton said the commitment would require “significant changes” that will require strengthening the grid. In this week’s blog, we take a closer look at how those significant changes must consider the current and future energy mix.
Related thinking
Power and gas networks
Gas DSR reforms ahead of winter 2022-23
National Grid has recently carried out a review of the Gas Demand Side Response (DSR) voluntary curtailment mechanism through July and August. The Gas DSR allows shippers to offer a consumption curtailment service to National Grid Gas (NGG) during periods of acute gas supply constraint called a Gas Deficit Emergency...
Low carbon generation
Diversifying the Irish Energy Mix, could hydrogen be the answer?
The recent news that Nord stream has resumed flows into Europe will ease some of the fears of supply shortages heading into the winter for us all and have associated knock-on effects pricewise. Although back flowing, the EU commission on Wednesday urged countries to cut gas use by 15% over...
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...
Home supply and services
Windfall taxes are not the only solution to the energy crisis
The energy market is in a state of transition, with geopolitical concerns threatening to undermine energy security and subsequent wholesale energy rises pushing up bills. It is inevitable that policymakers will look at how best to deliver an affordable energy system for consumers. The temporary, targeted energy profits levy, or...
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...
