On 27 July, National Grid ESO released the 2020 issue of its Future Energy Scenarios (FES), exploring different pathways towards GB’s 2050 net zero goal. A new set of scenarios were developed for this year’s FES, with three of the four (Consumer Transformation, System Transformation and Leading the Way) meeting the net zero target. For this year, scenarios were framed around the scale of decarbonisation set against the scale of societal transformation needed.
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Related thinking
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.
Regulation and policy
Capacity Market prequalification
On 29 November, National Grid ESO in its role as EMR Delivery Body published the prequalification registers for the 2023-24 (T-1) and 2026-27 (T-4) Capacity Market (CM) auctions. In this week's 'Chart of the Week', we explore some of the highlights from the initial registers.
Power and gas networks
Sharing is Caring: UK Gas and Power Exports Volumes Versus 2021
It is perhaps unsurprising to highlight that global energy markets have been exposed to significant volatility in recent years. Whether this be through the emergence of a global pandemic, dampening demand and drastically altering consumption behaviour thereafter, to the Russian invasion of Ukraine which resulted in significant changes to historic...
Home supply and services
A bumpy ride: Why rising wholesale prices are impacting NTS charges
Due to the current energy crisis, consumer energy bills have been exposed to substantial increases over the past year. The recent rise in wholesale prices has had knock-on effects in many non-commodity costs within consumer bills, some of which will be baked into charges for several years to come In...
Energy storage and flexibility
It’s My Birthday – Two years of Dynamic Containment
October marks two years since the launch of the frequency response service, Dynamic Containment (DC). Its inception was the first in the roll out of new faster-acting frequency response services, accompanied by Dynamic Moderation (DM) and Dynamic Regulation (DR) earlier this year. In this week's 'Chart of the Week', we...
Energy storage and flexibility
Record renewables pipeline: will investors reconsider after UK proposes green revenue cap?
News this week that the UK government is mulling over a cap on green generation revenues comes at a time when our research finds that the investment pipeline for electricity renewables generation is the highest it has ever been. In our Renewables Pipeline Tracker (RPT) service we analyse the growing...
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...
