The Rise and Fall of REGO Prices

To facilitate an ever-growing supply of intermittent renewable energy generation, there is a need for the Single Electricity Market (SEM) for Ireland and Northern Ireland to have robust System Services

In our latest insight paper, Living the Hy Life: Assessing Low-Carbon Hydrogen Offtake in the UK, Cornwall Insight dives into the evolving role of low-carbon hydrogen.

Our latest Insight paper examines four key questions to understand the future role of REGOs in corporate electricity procurement and emissions reporting.

Since publishing the previous iteration of the Low-carbon Hydrogen Policy Index in April 2023, the global hydrogen market has continued to grow and develop as both national governments and industry stakeholders have sought to expand the role of hydrogen in their decarbonisation plans.

Cornwall Insight Australia has released our latest NEM Benchmark power curve (NEM BPC) for Q1 2024 to our subscribers. Our latest data from our recent Australian NEM Benchmark Power Curve shows that policy settings and decarbonisation ambition is likely to lead to a temporary, but significant, increase in wholesale energy prices before the end of the decade.

In this podcast, our experts discuss the opportunities and challenges being faced as we pursue the transition to a green economy in the UK.

We believe learning curves or rates have two important functions in the GB energy market: informing bids in subsidy auctions and fundamental inputs into long-term capacity expansion models.

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.

This report provides an annual overview of trends for the All-Ireland Power Market out to 2030 using outputs from Cornwall Insight’s latest forward curve for the All-Island (AI) Single Electricity Market (SEM) covering Northern Ireland and the Republic of Ireland.

This year saw a return to relative calmness after the energy shocks of last year, while governments are playing an increasing role as the rate of new renewable generation lags. Spot pricing was subdued compared to last year, with no significant unexpected outages that caused sustained price spikes. Higher levels of renewable generation, including burgeoning \[…\]

Cornwall Insight Australia recently launched our Marginal loss factor (MLF) curve subscription insight service. The MLF curve provides future projections of MLF throughout the NEM, allowing clients to be better informed of likely MLF trajectories for both current projects and be able to benchmark MLFs for projects under development. The MLF curve includes projections for \[…\]

From Cornwall Insight Australia’s Energy Market Perspective Our quarterly Energy Market Perspective contains an analysis of indicative capacity at REZ zones throughout the NEM. The following assessment for NSW is from our latest edition. The strategic development of Renewable Energy Zones (REZs) in New South Wales (NSW) is currently focused on three key areas: Central \[…\]

Renewable Energy Guarantees of Origin, more commonly referred to as REGOs, are certificates issued to accredited renewable generators for every MWh of electricity they produce over a year period. The initial intentions of these certificates were to provide suppliers a means to prove the level of renewable generation they received and to avoid the ‘double \[…\]

Last year, we partnered together with Wind Energy Ireland (WEI) to produce a report titled Improving Revenue Certainty and Risk Allocation for New Renewable Generators”, which explored potential auction policy changes for the RESS auction that would help de-risk renewable investment for developers and generators

Though this is not the original intention of the REGO scheme, REGOs have increasingly become seen as a mechanism to provide support to increase the build-out of renewable generation in GB. This report therefore examines the question has trading in REGOs provided an effective incentive for investment in new renewable electricity generation in GB