Contracts for difference

  • Low carbon generation

    Revelation: RESS-ult?

    The renewables sector cautiously welcomed the 24 July decision on the High-Level Design (HLD) of the Renewable Energy Support Scheme (RESS). The HLD’s emphasis on the first RESS auction supporting projects that could be built out by the end of 2020 energised the solar community. The Irish Wind Energy Association...

  • Low carbon generation

    The case for a floor price CfD

    There is much interest across the sector at the moment that ‘subsidy-free’ investment could call forward significant renewable generation capacity. We have previously cautioned that the outlook for wholesale power prices challenges these assertions. Our Wholesale Power Price Cannibalisation paper detailed how the value earned from wholesale power is going to become...

  • Commercial and market outlook

    This week’s Energy Spectrum overview | 21 May 2018

    Energy Perspective In this week’s Energy Perspective, we examine the emerging risks of increasing wholesale price cannibalisation, based on the results of our latest insight paper. We expect renewables to make up a significantly larger proportion of the generation mix in the coming years, but argue that alternative sources of...

  • Home supply and services

    Index of Domestic Energy Supply Costs | March 2018

    Government policy costs drive up the Index of Domestic Electricity Supply Costs in April Policy costs exerted a 52 point increase on the Cornwall Insight Index of Domestic Electricity Supply Costs in April as the charges for subsidising renewable electricity, paying for the Smart DCC’s smart metering infrastructure, and social...

  • Commercial and market outlook

    This week’s Energy Spectrum overview | 23 April 2018

    In this week’s Energy Perspective, we examine the case put forward by the Energy and Climate Intelligence Unit for repowered onshore wind projects to be allowed into the Contract for Difference (CfD) scheme, as the UK’s first windfarms near the end of their expected lifespans. We explore the generation, volume...

  • Low carbon generation

    Low-carbon levy costs to peak later than government expects

    Cornwall Insight's new paper - Static Electricity: New Controls for Low Carbon Levies - has found that despite the efforts to control the costs of supporting low-carbon deployment, a continued overspend is locked in well into the next decade. Alongside the 2017 Autumn Budget the government issued details of a...

  • Low carbon generation

    Contracts for Difference: Exemptions implemented and consultation launched

    On 16 January 2018, Cornwall Insight issued its latest Contracts for Difference (CfD) Supplier Obligation (SO) report, forecasting the cost of the Total Supplier Obligation (TSO) for each delivery year until 2021-22. There are two major changes to the scheme recently announced that are now factored into our forecasting. First,...