In this week’s Chart of the week, we look at the Engineering Construction Industry Training Board (ECITB) 2020 report. We explore potential training and skills gaps in technologies. Particularly, the ones that the industry expects to contribute to the UK net zero target.
To keep reading, please log in to your account
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
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...
Home supply and services
“The more [retailers] we come across, the more problems we see”
Thirty-one retailers have gone bust since the start of 2021 in the UK. At least one of those entities has a subsidiary in the Australian market (having yet to acquire any customers, according to the most recent AER and ESC data). In this Chart of the week, we take a...
Commercial and market outlook
Nobody said it was easy, but it’s time for us to part: VIC’s climate targets & coal
In 2017, the Victorian Government legislated a state target of net-zero greenhouse gas emissions by 2050. Since then, short-term targets have been set in five-year increments, with the 2030 target being to cut emissions by 45-50% below 2005 levels. The Government is currently consulting on the 2035 target, which must...
Low carbon generation
Lower energy prices? More than just hot air
The Victorian Government launched Australia’s first offshore wind targets as part of its transition towards a net-zero emission future. According to the target, 9GW of offshore wind will be installed by 2040, nearly quadrupling the total wind capacity in VIC. In this Chart of the week, we dive into the...
Commercial and market outlook
Hogging the spotlight: the opportunity in the evening peak
As the duck curve steepens and renewable energy penetration increases in the NEM, we briefly examine revenue share by time of day and highlight the growing opportunity in the evening peak. Will this become the new normal, with revenues increasingly concentrated in just one part of the day? Or will...
Energy storage and flexibility
Seasonal frequency in the NEM: is VRE continuing to drive it?
Frequency control remains a challenge for AEMO. New PFR (primary frequency response) provisions established in March 2020 will help AEMO to control frequency more efficiently. However, is it yet to be seen how market participants will be incentivised to participate in PFR market. In light of the rapid growth of...
Commercial and market outlook
Is the NEM going off schedule?
Is the NEM getting harder to control with rising variable renewable generation and distributed photovoltaic growth? AEMO’s balancing of scheduled supply is critical to ensure the system remains stable and wholesale prices work efficiently. This Chart of the week briefly examines if the NEM is “on schedule” to meet this...
