generation

  • Press Releases

    Minimal wind generation in Victoria highlights the importance of good interconnection

    According to the latest research from Cornwall Insight Australia, the minimal wind generation observed at the beginning of July in Victoria highlights the importance of good interconnection between states as variable renewable energy (VRE) grows. Figure 1 shows the half-hourly generation by technology within Victoria over the second week of...

  • Press Releases

    Incidents of price cannibalisation of renewable assets on the rise

    Research from Cornwall Insight Australia shows that the growth of variable renewable energy (VRE) generation significantly impacts their captured price. In fact, in FY18, 98% of the grid-scale solar generation volumes captured prices above $50/MWh. However, this has reduced to 12% in FY21. On top of this, wind and solar...

  • Media Mentions

    The Guardian | New wind power record

    Due to Storm Bella, on Boxing Day, more than half of the country’s daily electricity came from wind turbines. However, the reliability of wind energy is a concern. Our research shows that the electricity system operator increased its reliance on gas-fired power plants by 20% in September compared with the...

  • Press Releases

    Cornwall Insight supports Conrad Energy in the successful acquisition of Viridis Power

    Cornwall Insight, an energy consultancy, research and analytics company, is pleased to announce its role in providing energy market and regulatory due diligence to support Conrad Energy (a portfolio company of I Squared Capital) with its acquisition of Viridis Power. The deal was announced on 1 October 2020 and sees...

  • Media Mentions

    Renewable Energy Magazine | Market design

    Issues around the current electricity market design acting as a barrier to investment are explored in our latest insight paper – The net zero paradox: Challenges of designing markets to bring forward low marginal cost resources and featured in Renewable Energy Magazine. Inevitably, as we head closer towards a net zero...

  • Press Releases

    Increasing value for battery storage to shift generation

    The Federal Government announced last week that they would step into the electricity market to build up to 1,000MW of gas-fired generation to fill the gap left by the Liddell Power station for the 2023-24 summer unless the market can demonstrate final investment on dispatchable power by 2021. Since then,...

  • Media Mentions

    S&P Global Market Intelligence | European wind developers

    James Brabben Wholesale Manager at Cornwall Insight talked to S&P Global about the wind developers in Europe. He explained that 20 projects in the UK with a combined capacity of 665 MW have applied to either extend sites with additional turbines or replace existing machines with larger models. The time...

  • Media Mentions

    The Guardian | National Grid using coal

    Tom Edwards commented on National Grid using a coal-fired power station for the first time in 55 days in The Guardian today. I feel solidarity with the power stations finding it too hard to do anything today.Tom Edwards, Senior Modelling Consultant The Guardian

  • Media Mentions

    PowerTechnology | More renewable technology required

    Research from our market and asset-level power price modelling service ‘Benchmark power curve’, predicting that up to ~46GW of new-build renewable technology ̶ ~11GW onshore wind, ~10GW solar, and ~25GW offshore wind may need to be developed by 2030 was featured in PowerTechnology today. The net zero target is defining...

  • Press Releases

    Evaluating the T-3 Capacity Market auction

    On Friday 31 January the EMR Delivery Body (National Grid ESO) published the provisional results of the T-3 Capacity Market (CM) auction for the delivery year 2022-23. The clearing price was £6.44/kW/year, the auction procured 45,058.8MW of de-rated capacity. Lee Drummee Analyst at Cornwall Insight takes a look at the...

  • Press Releases

    Analysing wind forecasting in the Irish energy market

    It is expected that Ireland will see greater penetration of wind generation in the next 20 years. According to the Tomorrow Energy Scenarios (TES) installed capacity forecast Ireland will have between 6GW to 8.2GW by 2040. With wind generation growth set to continue, forecasting wind accurately will become increasingly important....

  • Press Releases

    A glimpse into the future of wholesale power

    Over the Easter holidays, the UK bathed in warm sunshine and as a result, the GB wholesale power market experienced a series of notable events, some that would have once been rare. High levels of embedded solar generation reduced the need for grid-connected energy production, causing the minimum daytime demand...

  • Press Releases

    Shortfall in Ireland’s 70% renewable target

    The Irish government recently announced that Ireland’s ambitions for tackling climate change would no longer lag behind the rest of Europe, with their commitment to having 70% of all electricity generated coming from renewable sources by 2030. Research from Cornwall Insight Ireland shows that as things currently stand there is...