Capacity

  • Announcement

    Offshore wind now appears in latest ISP

    The ISP also forecasts that greater flexible gas generation is needed From Cornwall Insight Australia's Energy Market Alerts service Offshore wind officially appears in the draft 2024 ISP due to state-based offshore wind targets. Figure 1 below from our latest Energy Market Alert, shows the variance in forecast generation between...

  • Announcement

    Capacity Investment Scheme boosted from 6GW to 32GW

    From Cornwall Insight Australia's Energy Market Alerts service Last Friday, the Commonwealth announced a major boost to the Capacity Investment Scheme, with the scheme now expected to deliver 32GW (combination of 9GW firming capacity and 23GW renewable generation) – up from 6GW. Cornwall Insight Australia has released an Energy Market...

  • Energy storage and flexibility

    Off-peak electricity use and home generation could cut billions off energy costs

    New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV, and batteries. The has data revealed national wholesale and system electricity costs could be cut by an annual £4.6bn in 2030 and...

  • Regulation and policy

    Capacity Market: Rule changes for upcoming auctions

    The latest round of Capacity Market auctions is underway following the publication of the auction parameters on 18 July, with the prequalification window subsequently opening on 26 July. In this blog, we explore some of the changes made to the rules and regulations of the scheme ahead of this year’s...

  • Commercial and market outlook

    Capacity, reform, and unlawful strategies: 5 things that happened yesterday

    Capacity, reform, and unlawful strategies: yesterday was a busy day for energy geekery. The developments encapsulate the shorter and longer term challenges and uncertainties present in the energy market presently: Read the full article here

  • Commercial and market outlook

    2021’s most exciting ‘Charts of the week’

    Some of our team have looked back throughout 2021 and picked their most exciting 'Chart of the week'. Read about their choices and click through to read the full 'Chart of the week'. To do so, you need a free Cornwall Insight account which is easy to create here. Green...

  • Low carbon generation

    Flexible Asset PPAs – more capacity, more competition

    The Power Purchase Agreement (PPA) market for flexible assets in the last six months has both grown in size and seen increased levels of competition as new offtakers and optimisers make themselves known in the market. What do we mean by the PPA market for flexible assets? We mean the...

  • Low carbon generation

    Lessons from a lock down

    We are all facing a new, simpler existence. For my part, I have been self-isolated for three weeks. My little flat in central London has become almost my entire existence, my days have settled into a simple routine, and I've had plenty of time to reflect. Although COVID-19 presents an...

  • Low carbon generation

    Winds of change: Analysing SEM wind forecast accuracy

    Following the publication of the Tomorrow’s Energy Scenarios (TES) 2019, we can expect to see greater penetration of wind generation in the coming 20 years, with installed capacity forecast between 6.0GW to 8.2GW by 2040. As the growth in wind generation continues, forecasting wind accurately will become increasingly important in order to...

  • Low carbon generation

    The day after tomorrow: Onshore wind capacity

    The Irish transmission system operator, EirGrid, published its Tomorrow’s Energy Scenarios (TES) 2019 Report on 18 October. In this edition of the blog, we explore how an increase in installed onshore wind capacity will affect the Irish electricity grid based on three credible 2040 pathways set out by EirGrid. Click here to...

  • Energy storage and flexibility

    A pivotal play?

    On the 4 November, EDF Renewables UK agreed to acquire Pivot Power. Pivot Power is a UK start-up which aims to build 50MW batteries connected to the Transmission Network and provide rapid Electric Vehicle (EV) charging nearby. The firm announced plans in 2018 to develop up to 2GW of batteries connected...

  • Low carbon generation

    Ireland’s Climate Action Plan – closing the carbon gap

    On 17 June, Ireland’s Department of Communications, Climate Action and Environment (DCCAE) published the Climate Action Plan 2019. The report sets out cross-sector objectives aimed at reducing the nation’s carbon emissions. In this week’s blog, we look more closely as to how this may be achieved. Click here to view full...

  • Low carbon generation

    Coming in hot: Final T-4 CRM results published

    On 7 May, the System Operators released the final results of the 2022-23 T-4 capacity auction, setting out the winners of agreements. While previous T-1 auctions are not comparable, the System Operators were satisfied that prices between the auction had been stable. The clearing price was €46,150/MW, for a total...

  • Low carbon generation

    One step beyond: First T-4 auction results

    The CRM T-4 Capacity auction is one of the new procurement processes being rolled out in SEM that will determine the future make up of the generation portfolio. The other auctions that will have an impact over the coming year will be the DS3 capped procurement and the Renewable Electricity...

  • Energy storage and flexibility

    Local hero: constraints and security of supply

    Security of supply is back on the agenda. Last week saw the Commission for Regulation of Utilities (CRU) publish its Electricity Security of Supply Report 2018. Replicating the analysis from the long-awaited All-Island Generation Capacity Statement 2018-2027 (GCS), it showed Ireland facing potential deficits within the next 6-9 years. The very same...

  • Low carbon generation

    Ch-ch-changes – demand side and the Capacity Remuneration Mechanism

    This week saw the release of the SEM Committee (SEMC) decision on T-1 2019/20 Capacity Auction Parameters and Enduring De-rating Methodology (SEM-18-030). This was then followed up by SEM-O releasing the Initial Auction Information Pack and qualification pack for the December auction. The first Capacity Remuneration Mechanism (CRM) took place...

  • Low carbon generation

    Are you gonna go my way? | SEMC consults on changes to T-4 capacity auction

    On 14 May the SEM Committee (SEMC) published a consultation on the Capacity Renumeration Mechanism (CRM) focusing on interim arrangements, updating auction design and specific parameters for the first T-4 auction for capacity year 2022-23. It is an important document for potential bidders into the March 2019 auction as, if...

  • Energy storage and flexibility

    Irish Capacity Market raises constraining questions

    The new Irish Capacity Remuneration Mechanism (CRM) T-1 auction was held on the 15th of December. In this week's blog, we examine the results that were published by Eirgrid and SONI on the 26th January. The auction cleared at 38,104.88 £/MW or 41,800.00€/MW with 100 Capacity Market Units submitting an...