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Cost of balancing Irish electricity reaches ten-month high

Cost of balancing Irish electricity reaches ten-month high: Research from Cornwall Insight highlights the cost of balancing the Irish electricity system has reached a ten-month high. The Imbalance Settlement Price (ISP) in the Single Electricity Market (SEM) has reached a ten-month high of €42.5/MWh throughout September.   The Balancing Market (BM) reflects the actions taken…
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Comments on a month of Dynamic Containment

Cornwall Insight comments on a month of Dynamic Containment: On the 1 October, National Grid ESO launched its new frequency response service, Dynamic Containment. This is the first in a suite of new, faster-acting response services, designed to address significant deviations when they occur on the transmission system.   The rollout of this new post-fault…
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Competition for flexible asset PPA deals on the rise

Competition for flexible asset PPA deals on the rise: The capacity of non-traditional flexible generation technologies is increasing substantially in GB, and in parallel, the market for trading and optimising such assets continues to develop. Cornwall Insight’s latest research shows there is ~10.8GW* of operational flexible capacity across front-of-the-meter gas and diesel engines, battery storage,…
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This winter could see 1.3GW of new wind come online

This winter could see 1.3GW of new wind come online: Forecasts using Cornwall Insight’s Renewables pipeline tracker report shows that a total of 1.3GW of new wind capacity could come online this winter. This is ~5% rise in total capacity, which could reach 25.4GW. The below graph highlights the forecast growth of wind capacity to…
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Electricity was cheaper and cleaner during lockdown

Electricity was cheaper and cleaner during lockdown: During the coronavirus lockdown the UK’s electricity system was cheaper and cleaner but harder to control. A new independent analysis has found that was conducted for Drax Electric Insights via Imperial Consultants by academics from Imperial College London. Lowered demand was caused by businesses closing and people working…
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