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Great Britain could become net exporter of power by 2040s

Great Britain could become net exporter of power by 2040s: Interconnection with EU nations, regardless of trading arrangements post-Brexit, will continue to play a pivotal role in driving wholesale power prices and system flexibility in the future. Modelling of the GB and EU markets by Cornwall Insight shows that increased interconnection through the 2020s and…
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Shake-up in energy suppliers domestic market share

Shake-up in energy suppliers domestic market share: Research from Cornwall Insight’s Domestic market share survey for the third quarter of 2020 reveals a shake-up of the energy retail landscape, following a spate of mergers and acquisitions. The impact of these acquisitions is shown in the below graph.   Findings from the Domestic market share survey:…
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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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The ROC market risks being oversupplied

The ROC (Renewables Obligation Certificate) market risks being oversupplied: Forecasts from Cornwall Insight highlight the Renewable Obligation Certificates (ROCs) supply and demand gap will be narrower in the 2020-21 compliance period than in previous years, due to lower overall electricity demand expectations. In fact, there is a material risk of ROCs being oversupplied should certain…
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Heightened risk of suppliers failing to meet RO

Heightened risk of suppliers failing to meet RO: Latest forecasts from Cornwall Insight show a potential shortfall in the Renewable Obligation (RO) buy-out fund of approximately half of the £16.94mn mutualisation threshold. Supplier exits to date alone are not expected to trigger the mutualisation process. However, there is a heightened risk that some active suppliers…
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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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Acquisitions set to change non-domestic energy market

Acquisitions set to change non-domestic energy market landscape: Research by Cornwall Insight into the non-domestic supply market share highlights a changing market share landscape due to recent acquisitions. When the E.ON UK and npower merger completes the rankings for larger suppliers in the electricity market will change significantly.   Figures from our ‘Business market share…
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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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Extensions and repowering onshore wind key to net zero

Extensions and repowering onshore wind key to net zero: Repowering and extensions of existing onshore wind sites in GB have yet to receive the same attention from policymakers as new build. However, without repowering activity, the current ~13GW onshore wind fleet could start to reduce in size from 2027 when many Renewable Obligation Certificate (ROC)…
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