PPAs

  • Commercial and market outlook

    What to look out for in 2024

    Cornwall Insight experts provide their predictions for the year ahead in this handy infographic. We have collated some predictions from across our knowledge base to provide a quick snapshot of what to look out for in the GB energy market in 2024. The key highlights include the global discussion on...

  • Commercial and market outlook

    Perspective | Is the design of the electricity market costing consumers money?

    This article is from our Energy Spectrum publication which was published on 4 March 2022. It has become increasingly clear the existing market design is unfit for either a future net zero world or a period of fossil fuel price crisis, but what market design might be best for our...

  • Energy storage and flexibility

    Unlocking routes to market

    On 19 January 2022, a webinar hosted by Cornwall Insight in partnership with the law firm Weightmans focused on routes to market for renewable projects that may not secure a contract during the fourth allocation round of the 'Contracts for Difference' (CfD) auction, which opened in December 2021. In the...

  • Energy storage and flexibility

    The future of power prices: Black swans and dragon kings

    Understanding the long-term trajectory of the wholesale market is critical to new generation assets and their investment viability. Here at Cornwall Insight, we support market participants in assessing the potential outlook for wholesale power markets through our long-term market Benchmark Power Curve service. We’ve just updated our latest curves out...

  • Low carbon generation

    Cornwall Insight and the UK EfW market

    As the UK has continued its evolution towards decarbonisation, one of the lesser talked about success stories has been in energy from waste (EfW).  EfW in the UK has grown to around 50 operational plants processing around 12mn tonnes of residual waste (but with capacity to potentially process nearly 14mn...

  • Energy storage and flexibility

    Five things we learned in our new Flexible PPA Market Report

    Cornwall Insight has been examining the fast-developing market for flexible asset Power Purchase Agreements (PPAs) with a new report, The Flexible PPA Market Report, specifically launched to cover this. Through our leading market research and regulatory expertise, complemented by in-depth discussions with a range of market participants, the report encapsulates...

  • Low carbon generation

    Subsidy-free PPAs: Hostage to fortune or stable platform

    Our most recent Market Share: A Survey of the Renewables Market Power Purchase Agreements (PPAs) shows that around 25GW of renewables projects access the wholesale market via an offtaker. An additional 5GW of flexible assets (i.e. gas and diesel peakers and storage) are likely operating under PPAs too, which is a view...

  • Low carbon generation

    Make my dreams come true: Ireland and Corporate PPAs

    Corporate Power Purchase Agreements (CPPAs) are very much in the news both internationally and in the Irish market. Amazon’s recent announcement of Ireland’s first unsubsidised CPPA, an agreement with the proposed 91.2MW Meenbog wind farm, is an exciting development. This deal follows the 4 February 2019 letter from Minister Bruton...

  • Low carbon generation

    Cornwall Insight: evaluating drivers of low-carbon investment in a subsidy free world event

    On 17 October 2018 Cornwall Insight hosted a successful and well attended event where the future of support for renewable power generation, against the backdrop of the significant gap between current deployment levels and what must be delivered to meet decarbonisation goals, was discussed. Cornwall Insight experts discussed how although...

  • Announcement

    Navigating I-SEM event – an industry up to the challenge

    The Irish and Northern Irish electricity sector is undergoing its most drastic change in a generation. The move to the Integrated Single Electricity Market (I-SEM) on 1 October will see the Irish and Northern Irish markets shift radically from the status quo. Against this backdrop, on Tuesday 18 September Cornwall...

  • Low carbon generation

    Paradise Lost: The changing face of Embedded Benefits

    Current electricity market arrangements give rise to the concept of “embedded benefits”. These are predominantly supplier costs that are reduced or avoided via contracting with small-scale generation connected at the distribution network level instead of the national transmission system. Distributed generation does not generally attract charges for using the national...

  • Low carbon generation

    More Than a Feeling: Emerging Trends in the PPA Market

    Earlier this year we published a blog exploring the options for imbalance risk allocation within I-SEM Power Purchase Agreements (PPAs). In this, we explained that generators would be inclined to pass the full risk of imbalance to offtakers. This was due to their relevant market experience and the need for...

  • 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...