Waiting On the [Wind] to Change: A look-back on wind load factors in 2021-22

In our work across the renewables space, wind output and its impact on Renewables Obligation Certificate (ROC) issue has featured frequently in discussion with colleagues and market participants alike over the course of Compliance Period (CP) 20 (2021-22).

In this ‘Chart of the week’, we examines wind load factor trends across the CP, and the impact it has had on our ROC market forecast.

To keep reading, please log in to your account or sign up for free

Alternatively, please sign up to receive free market insight online and direct to your inbox

Related thinking

Power and gas networks

Trouble Ahead? – What’s Next For TNUoS Charges?

Some industry participants will be well versed in the Transmission Network Use of System (TNUoS) charging regime, while others may not have had to engage with it before. Regardless of previous involvement, these charges are becoming increasingly important to understand for reasons we will discuss shortly.  In this week’s ‘Chart...

Home supply and services

Domestic Suppliers Smart Meter Targets Updated For 2023 

As part of its Mid-Year Review, the government is consulting on the Smart Meter Targets Framework for Year 3 (2024) and Year 4 (2025) of the revised smart meter rollout, setting out energy supplier annual smart meter installation targets on a trajectory to 100% coverage by the end of 2025....

Energy storage and flexibility

Navigating the Changing Landscape of Balancing Services Pricing Developments

From an energy market perspective, 2022 was an especially interesting year as geopolitical events pushed Europe’s energy sector out of the status-quo and into uncertain and uncharted territory. While most of the attention remained focused on developments within the wholesale sphere, interesting developments arose within the balancing services space too....

Business supply and services

Average gas and power prices for SMEs declined sharply in February

From late 2021, small and medium enterprises (SMEs) looking to secure a fixed energy contract would have seen steep increases in their energy bills, driven primarily by price volatility in the wholesale energy markets. In this week’s 'Chart of the week', we discuss the changes in prices for SMEs up...

E-mobility and low carbon

Taking charge: are they ready? Local authority charging infrastructure plans

Electric vehicle (EV) uptake and public charge point installs have increased rapidly over the last few years, but to support the next wave of EV drivers, the public charging network needs to be improved. Government has outlined the leading role it expects from local authorities (LAs) in planning and delivering...

Commercial and market outlook

Prices soar in the west

For the first time in the history of the Western Australian Wholesale Electricity Market (WEM), the balancing price reached the maximum price limit of $1,018/MWh between 5:30pm and 7:30pm on Tuesday, 29 November 2022. This came one month after the state-owned Muja C Unit 5 coal power station was closed....

Energy storage and flexibility

Out with the old, in with the new: T-4 Capacity Market clears at record price

On 21 February, the T-4 Capacity Market auction for Delivery Year 2026-27 cleared at a record high price of £63.00/kW/year, procuring 43,000.955MW of capacity. In this week’s 'Chart of the week', we explore the key takeaways from the auction.

Energy storage and flexibility

A pebble in the water makes a ripple effect…

At demand levels averaging only ~200-700MW, FCAS markets are dwarfed by the ~20,000MW energy demand in the NEM. Nonetheless, with 8 different markets to participate in, the potential value that participating in FCAS can add to a participant's revenue should not be underestimated. In this Chart of the week, we...