It is safe to say that most of Great Britain’s (GB) heat and transport systems are from high emission sources that are incompatible with net zero. Decarbonising how we heat our homes and move from A to B is crucial to meeting our emissions targets. However, the biggest challenge associated with the move to a more net zero system is the increased demand for electricity.
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Power and gas networks
The rise of wholesale gas prices … the saga
It is certainly not a standard summer season for gas prices. Normally with demand for gas typically lower, we should see prices at the lowest levels of the calendar year. However, Summer 2021 gas prices are currently seeing bullish momentum with price points that we would expect to see in winter. In this ‘Chart of...
Net zero corporates and ESG
Chart of the week | A busy policy schedule for the coming year
On 25 February, Cornwall Insight hosted its first Net Zero Business Forum of the year. The Net Zero Business Forum provides insight and analysis for businesses and public sector organisations looking to decarbonise their power, heat and transport needs. This online bi-monthly forum keeps members up to date with the...
Energy storage and flexibility
Chart of the week | Increasing electricity balancing costs and an increasing System Operator role
Last week saw the publication of Ofgem's review of GB energy system operation. This makes recommendations that the roles and functions of the electricity and gas system operators need to change in light of net zero. In this week's 'Chart of the week', I wanted to focus on one aspect...
Commercial and market outlook
Chart of the week | Saying goodbye to 2020
While lockdown may have been the most used word overall in 2020, in the energy sector net zero would certainly give it a run for its money. The raft of policy announcements, particularly in the last few weeks, will lead to a dramatic change in sector especially with moves to...
Business supply and services
Chart of the week | Prices rise for SMEs as energy demand grows
Over the last six months our Pricing in the SME Gas and Power Markets reports have tracked a recovery in SME prices, following 5 consecutive quarters of price reductions. In this Chart of the week, we look at the trends in energy prices in the SME sector and how they...
Commercial and market outlook
Chart of the week | Survey reveals public underestimate role of heating in emissions
In this week's 'Chart of the week', we look at the findings published by BEIS from a survey of the British public on the transition to a low-carbon heating future on 1 September. Transforming Heat – Public Attitudes Research reveals that there is strong public support for carbon reduction policies,...
Low carbon generation
Chart of the week | Colours of the Rainbow: Green hydrogen and FES 2020
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...
E-mobility and low carbon
Chart of the week | Fleet Electrification to drive EV uptake
The UK government has set measures to “effectively” ban the sale of all new internal combustion engine (ICE) vehicles from 2035 onwards to support the UK’s target to achieve net zero by 2050. It is expected that electric vehicles (EVs) will replace petrol and diesel as the primary mode of...