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Capacity Market

Cornwall Insight on Capacity Market prequalification

Cornwall Insight on Capacity Market prequalification: On 11 December the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. The headline figure from the prequalification register is 54.0GW of de-rated capacity has prequalified for the T-4 auction against a target of 41.2GW. However,…
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Ireland will need to more than double its renewables

Ireland will need to more than double its renewables capacity over the next 25 years to meet 2050 targets: Findings from Cornwall Insight’s ‘All-Island forward curve’ – a comprehensive market and asset-level power price modelling service – shows that Ireland will need to more than double its renewable capacity over the next 25 years if…
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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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Generation is changing, does the power market need to?

Generation is changing, does the power market need to? The decarbonisation of the power sector is accelerating through the rapid expansion of low marginal cost renewable generation. As a result, the current electricity market design and the marginal price-based determination of the price of power risk acting as an ever-growing barrier to investment needed to…
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Batteries see 149% increase in BM activity

Batteries see 149% increase in BM activity: Research from Cornwall Insight’s ‘Balancing Mechanism report’ highlights that there are significant changes in the technology type that has been providing balancing actions to the National Grid Electricity System Operator (ESO), with activity from newer asset types seeing the greatest year-on-year increase.   Accepted volumes in the Balancing…
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Batteries FCAS revenues $290,000/MW more lucrative

Batteries FCAS revenues $290,000/MW more lucrative in SA than in Victoria: The Frequency Control Ancillary Services (FCAS) markets are (mostly) created equal, with volumes procured across the National Energy Market (NEM) and prices settling at similar levels across each state most of the time. However, prices can deviate due to contingency events (interconnector failing or…
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Cook Island to get battery storage for microgrid

A contract to supply three 40-foot battery storage technologies for a microgrid on Cook Island has been won by Rolls-Royce. Energy solutions provider Vector Powersmart will integrate the MTU EnergyPacks into an existing power plant run by local utility Te Aponga Uira on the Pacific island of Rarotonga. With a storage capacity of 4,268kWh and…
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Social Energy wins first ever domestic FFR contract

Social Energy wins first ever domestic FFR contract: Social Energy has won the first ever fully domestic contract with National Grid Electricity System Operator (ESO) to supply week-ahead Firm Frequency Response (FFR), following the results of a recent trial weekly auction.  The green energy supplier will use 80 per cent of its fleet of battery-powered customers…
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