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 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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RAW Charging installs EV stations with GWR

RAW Charging installs EV stations with GWR: RAW Charging has announced this week installation has been completed of 26 smart charging points at the new Worcestershire Parkway Railway Station. Worcestershire County Council opened Worcestershire Parkway station in Norton, UK, to increase connectivity to London, the Midlands and South Wales. Part of Great Western Railway’s (GWR)…
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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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New competition for upcoming Capacity Market auctions

New competition for upcoming Capacity Market auctions: Research from Cornwall Insight’s Capacity Market Forecast highlights that the recent changes in Capacity Market (CM) rules and the technology mix will see greater competition and change in the technology entering* the T-4 auction in March 2021 compared to the previous T-4 auction.   Forecasted changes to the…
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RAW Charging inks deal with Greene King

RAW Charging inks deal with Greene King to roll out ChargePoint EV charging solutions across its pub estate: London, 24th August 2020 | RAW Charging have selected ChargePoint, the world’s largest EV charging network, for their recently announced partnership with Greene King, the UK’s leading pub retailer and brewer to deploy electric vehicle (EV) charging…
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EV sales during lockdown give us a glimpse into the future

Electric vehicle(EV) sales during lockdown give us a glimpse into the future: Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97% drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs).   In fact,…
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Divergence in value together with wind & solar shapes

Divergence in merchant value together with complementary wind and solar shapes creates new opportunities for hybrid projects: Research from Cornwall Insight Australia, examined the performance of wind and solar technologies against the time-of-day price shape and highlights a clear divergence in the merchant outlook for both technologies. This presents a real opportunity for collaborative and…
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