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interconnector
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Energy storage and flexibility
Glory Days – T-1 auction clears at £45/kW
To say the T-1 Capacity Market (CM) auction clearing at £45/kW per year was a surprise feels like an understatement. It looks like a major windfall for successful participants in the auction – many are asking just what happened? Easy money Until February, it looked like prices would clear at...
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Low carbon generation
Analyse thy neighbour: Interconnectors and their importance to future power prices
Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...
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Low carbon generation
Go with the flow: Estimating Celtic Interconnector use
Last week, Taoiseach Leo Varadkar and French President Emmanuel Macron signed a letter affirming plans to build a new 700MW Celtic Interconnector. With the increasing penetration of renewable generation across Europe, discussion of the viability and benefits of interconnectors is also rising. In Ireland, just one interconnector is currently in...
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Low carbon generation
Crossing the streams – how much do wholesale prices impact Irish interconnector flows?
The Commission for Regulation of Utilities (CRU) is considering whether the proposed Greenlink interconnector is in the public interest and, if so, what regulatory regime should underwrite, or partially underwrite it. The CRU expects a subsequent application from the Celtic Interconnector also. This week’s blog examines how much the difference in wholesale...
