Continuing Cornwall Insight’s contribution to improving low carbon policy mechanisms, in a letter with wide support from the industry, today we have written to BEIS advocating for the introduction of a CfD Floor structure. We developed this innovative model during 2018. We believe that it would reignite investment in onshore renewables, minimise the risk of subsidy, and put the UK in the best position to pursue its stretching climate ambitions.
In a letter with wide support from the industry, today we have written to BEIS advocating for the introduction of a CfD Floor structure.
Commercial and market outlook Low carbon generation
Related thinking
Regulation and policy
Government Announces Record Budget for Contracts for Difference Allocation Round 6
The government has released the budget and reference prices, along with the auction parameters, for the upcoming Contract for Difference (CfD) Allocation Round 6 (AR6). As recently reported, there were considerable questions outstanding about the parameters which will be used in the auction and significant pressure was placed on AR6...
Announcement
Offshore wind now appears in latest ISP
The ISP also forecasts that greater flexible gas generation is needed From Cornwall Insight Australia's Energy Market Alerts service Offshore wind officially appears in the draft 2024 ISP due to state-based offshore wind targets. Figure 1 below from our latest Energy Market Alert, shows the variance in forecast generation between...
Announcement
Capacity Investment Scheme boosted from 6GW to 32GW
From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...
E-mobility and low carbon
2022’s most exciting ‘Charts of the Week’
Some of our team have looked back throughout 2022 and picked their most exciting ‘Chart of the Week’.Their choices include exploring green tariffs, wholesale gas prices, CfD allocation round 4 and the MHHS Implementation Levy. It’s My Birthday – Two years of Dynamic Containment Picked by Tom Faulkner, Head of...
Low carbon generation
UKERC issues response to REMA consultation
On 3 November, UK Energy Research Centre (UKERC) published a response to BEIS’ Review of Electricity Market Arrangement (REMA) consultation. Our experts discuss what the response addresses and how some of the proposals would place new responsibilities on retail energy suppliers. Read the full blog on our What is REMA portal, which...
Business supply and services
Improvements for microbusinesses in the market begin to take effect
Before energy prices began to really soar, in March this year we saw the final package of reforms following the Microbusiness Strategic Review from Ofgem. The outcome of the review was to introduce changes to supplier licence conditions that would improve how microbusinesses are treated in the market. The new...
Energy Market Design
Financing Net Zero: A (revenue) cap on UK merchant financing opportunities?
On 13 October 2022, we hosted the latest instalment of our ‘Financing Net Zero’ webinar series. The session, sponsored by Shoosmiths, focused on opportunities and challenges for merchant financed renewable projects amid the current wholesale price volatility. In recent years, due to the increasing success-rate and profitability of renewable projects,...
Regulation and policy
Energy Price Guarantee to end in April
I was not surprised by the announcement from the Chancellor today (17/10) regarding the shortened time period in which the domestic Energy Price Guarantee (EPG) will apply, for all the reasons discussed in our report - Energy Price Guarantee - Counting the Cost - and my accompanying blog. Our report...
