Chart of the week

Our complimentary Charts of the week analyse the latest news and updates in the energy industry. The articles offer a visual way of understanding complex issues and are complemented by our expert’s analysis.

Our commentaries cover all areas of the market from wholesale and generation, flexibility and retail energy markets to electric vehicles and regulation.

Latest Charts of the week

  • Commercial and market outlook

    EV uptake set to transform the grid in the Australia – but how much?

    Electric vehicles (EVs) are slowly becoming more popular in Australia, with new car sales increased during the last two years. Although Australia is behind in EV deployment compared to other countries, Federal and state governments have taken serious steps to accelerate EV uptake. Therefore, EVs could play a significant role...

  • Energy storage and flexibility

    Unlocking REMA: emerging market views

    Recent market events have continued to highlight the challenges of the energy trilemma, specifically the need to decarbonise the energy system while ensuring energy security and affordability. The government announced in April 2022 it would be undertaking a Review of Electricity Market Arrangements (REMA) to address these issues, and in...

  • Power and gas networks

    CMP395 BSUoS cap

    On 21 September, the Final Modification Report for CMP395 was published by National Grid ESO (NG ESO). CMP395 seeks to cap the half-hourly Balancing Services Use of System charge (BSUoS) at £15/MWh over the winter period (1 October 2022 – 31 March 2023), with the deferred costs recouped in the...

  • Commercial and market outlook

    Moving with the times: How trading strategies in the NEM changed in a year

    Inherent in an electricity market like the NEM is its ever-changing landscape. Contributors to these changes may be government-driven policies, evolving market dynamics caused by external factors like a global pandemic, a worldwide rise in fuel prices, and even changes in the market structure itself. As cliché as it may...

  • Energy storage and flexibility

    It’s a fix! BEIS floors competitive energy market

    Last week saw the government announce the Energy Price Guarantee (EPG) which will see the typical dual fuel household’s unit rates capped at 34p/kWh for electricity and 10.3p/kWh for gas. Customers on fixed tariffs will get support to bring their tariffs down to the same level, up to 17p/kWh of...

  • Energy storage and flexibility

    Now we’re peaking with gas: how much evening NEM demand could be replaced with batteries?

    The events leading up to the recent market suspension in June have highlighted the role that peaking gas-fired generation plays in satisfying demand and setting prices across the NEM in the morning and evening peak periods. The team recently explored some of the drivers and effects of these events in...

  • Commercial and market outlook

    Off the charts: ESOO flags earlier reliability shortfalls but no need to panic yet

    In the space of a year, the prospect of reliability shortfalls in the NEM has increased significantly. This is the stark finding of AEMO’s latest Electricity Statement of Opportunities (ESOO) report. In our Chart of the week, we illustrate how reliability forecasts have deteriorated in just a year, and we...

  • E-mobility and low carbon

    Winds of change: World EV Day

    The energy crisis is hitting vehicle running costs for both electric vehicles (EVs) and internal combustion engine (ICE) cars. In this week's 'Chart of the Week', we focus on World EV Day by taking a look at one of the areas we have been tracking – public charging – and...

  • Business supply and services

    Sectoral spread of energy price hikes in GB

    We recently published a report exploring the impact of price increases and the approaches which companies are already taking to mitigate their exposure. In this week's 'Chart of the Week', we discuss some of the key findings from this report.

  • Power and gas networks

    Losses or gains? What do transmission upgrades mean for Marginal Loss Factors

    AEMO’s 2022 Integrated System Plan has listed a group of committed and anticipated network projects, including VNI Minor, QNI Minor, and the Western Renewables Link (WRL). Besides relaxing network constraints, improving reliability, and unlocking generation capacities, transmission upgrades may also impact the Marginal Loss Factor (MLF) around the planned area....

  • Low carbon generation

    Surge in value for waste-derived RGGOs

    In August we published the findings from the July-22 edition of our quarterly Green Certificates Survey. The survey is designed to provide greater market transparency for Renewable Energy Guarantees of Origin (REGO), Continental Guarantees of Origin (GoOs) and Renewable Gas Guarantees of Origin (RGGO) certificate markets.  In this week's ‘Chart...

  • Low carbon generation

    Analysing earlier coal retirement in Victoria: What does it take for more emission reduction?

    AEMO has recently published the 2022 Integrated System Plan (ISP), which provides an energy transition roadmap for the National Electricity Market (NEM). This ISP focuses on the “Step Change” scenario, which reflects strong action on climate change leading to a step change reduction of greenhouse gas emissions, based on the...

  • Energy storage and flexibility

    “Each day looking for new ways to go on”: could a renewable capacity market assist hydrogen turbines?

    The rise of renewables has seen the need for additional firming capacity in order to smooth renewable output and replace coal capacity in the evening peak. The ESB and federal Ministers are currently in discussions regarding the development (or not) of a capacity market for the NEM. Interestingly from the...

  • Low carbon generation

    Head to Head: CfD vs RESS

    2022 has been busy for renewable developers in Great Britain and Ireland, with both the fourth allocation round of the Contracts for Difference (CfD) scheme and the second round of the Renewable Electricity Support Scheme (RESS) concluding this summer. In this week’s ‘Chart of the Week’, we compared the latest...

  • Regulation and policy

    T-1 Capacity Market 2023-24

    The T-1 Capacity Market (CM) auction for Delivery Year 2023-24 will take place on 14 February 2023, during a particularly challenging period for the GB energy system with prices rising to unprecedented levels and concerns over security of supply. In this week’s ‘Chart of the Week’, we examine the range...

  • Commercial and market outlook

    Do batteries add viability to electrolysers within the current market?

    Last month, the Australian Competition and Consumer Commission (ACCC) announced that there will be a gas shortfall in the east coast market in 2023, not a surprise considering the international gas crisis and high gas prices in Australia. Such events have increased attention towards expanding gas supply or reducing the...

  • Low carbon generation

    BEIS confirm end-date for recognition of EU GoO imports

    In this week’s ‘Chart of the Week’, we examine the historical volume of GoOs imported for FMD and explores what impact GoO removal will have on the REGO market.

  • Commercial and market outlook

    Recent events push NEM turnover to new heights

    The story of recent times in the NEM has been the significant escalation of wholesale price outcomes in the market. As discussed repeatedly, elevated fuel costs for gas and supply constraints in the market have sent NEM turnover to uncharted territory. By NEM turnover, we refer to the total costs...

  • Energy storage and flexibility

    Key highlights from our Balancing Services Forecast report

    In this week’s ‘Chart of the Week’, we will outline some of the key highlights from our latest report, to provide you with a flavour of the latest long-term trends for response and reserve.

  • Commercial and market outlook

    Big Battery, even bigger revenues

    The Victorian Big Battery (VBB) in Geelong, Victoria, is currently the largest commissioned battery in the NEM at 300 MW/450 MWh. In Q2 2022, VBB, and its owner Neoen, posted an estimated AEMO wholesale net revenue of just over $13 million for the three-month period. It is important to note...

  • Energy storage and flexibility

    Sky-high prices in Dynamic Containment

    In this week’s ‘Chart of the Week’, we explore the drivers behind the record high prices seen in the Dynamic Containment Low service in June, which saw individual assets accrue gross revenues of over £1mn, and consider the outlook for future service prices.

  • Commercial and market outlook

    Elevated Wholesale Price in the NEM: QLD on the verge of triggering Administered Price Cap (APC) again

    The Administered Price Cap (APC) was triggered for the first state on 12 June at 6:55 am as a result of QLD breaching the Cumulative Price Threshold (CPT) of $1,359,100 for the rolling 7-day period. This caused the withdrawal of capacities by gas generators that could not recover fuel costs...

  • Commercial and market outlook

    Gas generation on the move

    Gas and electricity prices in Australia are unavoidably linked, particularly in the evening peaks where the gas generators have increased capability to set the price. Due to the recent spike in global gas prices, there has been a distinct change in gas generator bidding strategy resulting in an increase in...

  • E-mobility and low carbon

    Not all doom and gloom: Public EV charging pricing

    For electric vehicle (EV) owners wanting to use the public charging network, there are a range of membership and pricing structures available across the different charge point operators (CPOs) across the UK. Rising costs have been an all-too common headline over 2022, and in this 'Chart of the week', we...

  • Power and gas networks

    UIG trends and reform options under UNC781R

    Identification of Unidentified Gas (UIG) and its allocation has been a contentious issue for some time, there are a range of views across the gas industry on how it could be improved. In this 'Chart of the week', Hursley Moss discusses the recent trends of UIG and the possible reform...

  • E-mobility and low carbon

    Do network operators dream of electric vehicles?

    With more models entering the Australian car market and high prices at the bowser, electric vehicles (EVs) are garnering more attention from both cost-aware and environmentally conscious consumers alike. In this context, AEMO’s forecasts predict a not-too-distant future where EVs outnumber combustion-driven vehicles.  In fact, in AEMO’S 2022 Integrated System...

  • Regulation and policy

    What’s the story…Oxera publishes findings on Ofgem’s regulatory performance

    On 6 May, Ofgem published a report on the findings of an independent review undertaken by Oxera and commissioned by Ofgem's Board into the root causes of the recent supplier failure. In this 'Chart of the week', we look at how the report assesses the performance of Ofgem in meeting...

  • Commercial and market outlook

    Australian gas prices have recently coupled with European spot. Will linkage persist post-2023?

    Last year it was difficult to imagine that spot gas prices in Australia would hit unprecedented levels of more than $40-50/GJ, with AEMO capping the DWGM price at $40/GJ. By comparison, the DWGM only averaged $5.10/GJ last year. As was mentioned by Energy Market Intelligence Manager Mohsin Ali in the...

  • Low carbon generation

    BSUoS charges: What goes up…

    Balancing Service Use of System (BSUoS) charges have continued to be the dominant driver of Third-Party Charge increases in recent months, with costs remaining elevated since last autumn. In this 'Chart of the week', we present a view of past monthly BSUoS charges and expectations for future costs on a...

  • Commercial and market outlook

    Market suspension poised to lift, but underlying drivers may stick around

    It has been a chaotic few weeks on the east coast, culminating with the NEM being suspended on 15 June 2022, an outcome not seen in the modern version of the NEM. There has been much coverage of the key drivers of the crisis. It stems predominantly from a perfect...

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