Growing pains – (nearly) six months of the UK ETS

We are fast approaching six months since the commencement of the UK Emissions Trading Scheme (UK ETS), which launched on 19 May this year.

In this ‘Chart of the week’, we examine the trajectory of the GB carbon market to date and discuss potential upcoming developments.

To keep reading, please log in to your account or sign up for free

Alternatively, please sign up to receive free market insight online and direct to your inbox

Related thinking

Commercial and market outlook

Winter is coming: MT PASA scheduled coal outages for winter?

The number of thermal generator problems continues to grow, and so does peak time volatility in the two northern states. On top of the closure of Unit 3 at Liddell occurring on 1 April and Unit 4 at Callide C still out without a public resolution, outages and problems have...

Energy storage and flexibility

Hydrogen hype: How cheap the hydrogen from electrolysis can be?

Hydrogen is considered a potential replacement for fossil fuels for energy generation, transport etc. Currently, 96% of hydrogen production originates from fossil fuels through steam reforming and coal gasifications. Only a small fraction (~4%) is produced via electrolysis. The high Capex of the electrolyser is usually referred to as the...

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...

Commercial and market outlook

BSUoS charges: volatility, deferral and reform

Over the last few years Balancing Services Use of System (BSUoS) charges have experienced significant volatility, with costs reaching record high levels which have added to the rise in consumer electricity bills and ultimately resulted in intervention in order to cap BSUoS rates. In this Chart of the week', we...

E-mobility and low carbon

I can see clearly now: ZEV mandate to provide path to 2030 new ICE vehicle phase-out

The last few weeks have seen several policy documents and consultation responses from the government published in the electric vehicle (EV) world, against the back-drop of record-breaking EV sales. In this 'Chart of the week', we explore the latest consultation conclusion from the Department for Transport (DfT), outlining proposals on...

Energy storage and flexibility

Price spikes in Queensland: Is solar revenue affected?

In the last few months, we have seen a substantial number of high price intervals in Queensland. Increased Market Demand on 9 March and the simultaneous trip of Gladstone units 3 and 4 on 31 March spiked energy prices to $8,800/MWh and $15,100/MWh levels, respectively. These price spikes occurred between...

Business supply and services

A GoO-ey end? Green power import certificates poised for removal

On 29 March, BEIS published a consultation seeking views on the removal of Feed in Tariff (FIT) and Contracts for Difference (CfD) scheme cost exemptions for green imported electricity and the recognition of EU Guarantees of Origin (GoOs) in GB altogether. Our 'Chart of the week' shows historic GoO imports...