In this Pixie Chart of the Week, we look at a study by Oxford Energy Associates commissioned by Energy Systems Catapult (ESC), Rethinking Decarbonisation Incentives: Near-Term Options to Address Low-Priced Emissions. It provides fresh insight into how carbon policy could be altered to deliver stronger outcomes in the lead up to 2030.
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Related thinking
Regulation and policy
“Behind-the-Connection-Point” A match made in heaven?
The AEMC's new rule change for storage integration into the NEM provides more flexibility for hybrid systems and VRE owners to more effectively level their bids and participation into the market. This means, if the new rule takes place, hybrids can manage their own internal energy exchange behind the connection...
E-mobility and low carbon
GB energy demand is predicted to rise 123% due to electrification
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...
Low carbon generation
The outlook for private wire business models
Interest in private wire arrangements has grown in recent years, with the benefits of network and policy cost avoidance becoming a key incentive for generators to look at this development approach. In this Chart of the Week, we look at the expected evolution of cost avoidance over the next five...
Regulation and policy
Taking charge: the MHHS implementation levy
On 10 June the BSC Panel approved the Market-wide Half Hourly Settlement (MHHS) Implementation Charge for 2021-22. The new charge, introduced under modification P413 Market-wide Half Hourly Settlement Programme Manager, will cover Elexon’s programme management costs for MHHS implementation. It will be levied on suppliers on a monthly basis, based...
Low carbon generation
Chart of the week | Higher or lower? Transitioning to the UK ETS
Carbon prices, especially the EU Emission Trading System (ETS), have experienced considerable volatility over the last year, influenced first by COVID-19, which saw prices crash, and more recently by expectations of increased EU climate ambitions, driving prices to record highs. In this Chart of the Week, we consider the potential...
Low carbon generation
Australian Chart of the week | NEM wind generation: Do birds of a feather flock together?
With a growing expectation that coal plants will face early retirement, this week’s ‘Chart of the week’ examines the correlation between different wind patterns in the various identified Renewable Energy Zones in the NEM. As would be expected, there is a tendency of high correlation within the individual states, where...
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...
Low carbon generation
Australian Chart of the week | Gassed out: are renewables running gas out of the market?
Last week, the Australian Energy Market Operator (AEMO) released its ‘Quarterly Energy Dynamics’ (QED) report for Q4 2020. The report highlighted that operational demand has fallen to its lowest quarterly level since 2001; largely driven by mild weather and strong uptake of rooftop solar. Coupled with record high wind and...
