The results of the 1 August auction for onshore wind in Germany confirmed a perhaps surprising trend: the sustained fall in auction prices throughout 2017 has been overmatched by the rising prices throughout 2018.
Tri-monthly auctions have been held since May 2017. The first delivered a price of €57.10/MWh (£51.40/MWh) and was hailed as a great success. 807MW was awarded, with 65 out of 70 successful bids coming from community organisations.
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Power and gas networks
Higher transmission costs for generators in Scotland have been a feature of the GB electricity market since the introduction of cost reflective pricing, but with the ambition to increase generation levels from offshore and onshore wind and meet Net Zero generation targets, this is likely to increase. In this week’s...
Commercial and market outlook
Today wind capacity in South Australia stands at 2500MW, contributing to almost 40% of the energy generation in the state. This is in addition to utility-scale solar and rooftop PV, which contribute 4% and 15% of total generation in SA, respectively. With such a high level of variable renewable energy...
Low carbon generation
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...
Low carbon generation
The application window for Contract For Difference (CfD) Allocation Round Four (AR4) closed on 14 January. While we await news on the timetable and next steps for the auction, this 'Chart of the week' takes stock of how the pipeline for onshore wind and solar PV has developed since the...
Commercial and market outlook
SA’s reliance on wind is getting to a point where there is not much to do except importing from VIC and generating with expensive fuel, such as diesel, when wind speed is not at its best shape. In this Chart of the week, we take a closer look at South...
Commercial and market outlook
The German Economic Affairs and Climate Action Minister Robert Habeck recently presented a review of Germany’s current climate action status detailing both climate targets in various sectors and the expansion of renewables and the power grid. However, the minister stated that climate action in Germany is currently below expectations, with...
Low carbon generation
On 13 September, BEIS published the draft budget notice and draft Allocation Framework for Allocation Round 4 (AR4) of the Contracts for Difference (CfD) scheme, scheduled to open in December 2021. BEIS set out a total draft budget of £265mn (in 2011-12 money) for AR4, meaning that total spend in...
Energy storage and flexibility
As the NEM continues to transition towards increased penetration of variable renewable energy (VRE), the use of the word ‘curtailment’ has also increased. While curtailments have historically been a natural part of market outcomes (i.e. generators withholding capacity at higher price points), the increased prevalence of curtailment of VRE is...
