British Utilities

SME energy prices increase 18% over the last year

29th March 2021

Cornwall Insight, Efficiency & Environment, energy, energy consumption, gas and power, SME

Cornwall Insight, efficiency and environment, energy, energy consumption, gas and power, SME

SME energy prices increase 18% over the last year: The latest figures from Cornwall Insight’s SME Power and Gas markets reports shows that energy prices for small and medium enterprises (SME) new contracts had increased 18%* over the last 12 months when power stood at 15.22p/kWh and gas at 3.23p/kWh. Over the past quarter, prices…

Scottish generator’s transmission network charges still rise

23rd March 2021

Heather Trudeau

Cornwall Insight, Efficiency & Environment, National Grid, net-zero, power generation, Scotland

Cornwall Insight, efficiency and environment, National Grid, net-zero, onshore wind, power generation, Scotland

Scottish generator’s transmission network charges still rise: Further research into National Grid‘s 5-year view of Transmission Network Use of System (TNUoS) charges by Cornwall Insight highlights, annual TNUoS costs for a typical 40MW onshore wind site in Northern Scotland are forecast to rise to £1.28mn by 2025-26. This is an increase of 180% in nine…

Interconnectors plugging CM’s new-build generation gap

16th March 2021

Heather Trudeau

Capacity Market, CCGT, cm auction, combined cycle gas turbine, Cornwall Insight, Efficiency & Environment, interconnector, nuclear plant, T-4

Capacity Market, CCGT, combined cycle gas turbine, Cornwall Insight, Efficiency & Environment, interconnector, nuclear plant, T-4

Interconnectors plugging CM’s new-build generation gap: T-4 Capacity Market (CM) auctions have traditionally been a potential signal for new-build generation with their longer-term procurement structure. However, research from Cornwall Insight on the T-4 CM auctions has seen an irregular new build development pattern emerge. In the seven T-4 auctions held since the CM’s inception, 12.6GW…

75% agree the energy sector needs a system architect

10th March 2021

Heather Trudeau

Cornwall Insight, economy, efficiency, emissions, financing, innovation, Low Carbon, net-zero

Cornwall Insight, economy, efficiency, emissions, energy, financing, innovation, Low Carbon, net-zero

75% agree the energy sector needs a system architect : Institutional and governance reform forms a major part of the energy white paper. Industry commentators have proposed various ideas, including popular concepts such as a system architect. This was backed by attendees of Cornwall Insight’s ‘Financing net zero business forum’, who agreed that the sector…

Susceptibility of GB markets to LNG volatility may rise

Susceptibility of GB markets to LNG volatility may rise: Liquified Natural Gas (LNG) prices and demand have enjoyed unprecedented momentum in recent months, with Asian spot LNG prices reaching an all-time high of 211.94p/th on 15 January. However, LNG’s recording break run has ended in the last few weeks, with prices having fallen significantly. In…

Cornwall Insight on T-1 Capacity Market highest price

Cornwall Insight on T-1 Capacity Market highest price: Commenting on the T-1 Capacity Market (CM) auction (Delivery Year 2021-22) clearing in Round 6 with a clearing price of £45/kW, the joint highest ever clearing price of a CM auction, Tim Dixon Wholesale Team Lead at Cornwall Insight, said: “This joint highest clearing price for a…

Cornwall Insight Green Certificates survey: REGO rising

24th February 2021

Heather Trudeau

biomass, Cornwall Insight, covid-19, Renewable energy, Renewables, SMEs, waste-to-energy, wind generation

biomass, Cornwall Insight, covid-19, Renewable energy, Renewables, SMEs, solar energy, waste-to-energy, wind generation

Cornwall Insight Green Certificates survey: REGO rising: Renewable Energy Guarantees of Origin (REGOs) have recovered slightly from the fall that occurred due to COVID-19, according to the latest results from Cornwall Insight’s Green Certificates survey. In fact, the survey has seen a 15% and 14% rise in reported average REGO values for Fuel Mix Disclosure…

Balancing Mechanism sees increase in smaller participants

Balancing Mechanism sees increase in smaller participants: Research from Cornwall Insight shows that there has been a notable level of entry into the Balancing Mechanism (BM) from smaller providers across battery storage, gas reciprocating engines and aggregated units in the last year. The below graph presents the number of units active in the BM —…

Australian renewables see wholesale buck January trends

Australian renewables see wholesale buck January trends: In Australia, the month of January normally sees a spike in the average wholesale price. However, according to research from Cornwall Insight Australia, January bucked this historical trend with the price trending lower in the first month of 2021 across all states, building on the low-price outcomes in…

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…

Cornwall Insight

SME energy prices increase 18% over the last year

Scottish generator’s transmission network charges still rise

Interconnectors plugging CM’s new-build generation gap

75% agree the energy sector needs a system architect

Susceptibility of GB markets to LNG volatility may rise

Cornwall Insight on T-1 Capacity Market highest price

Cornwall Insight Green Certificates survey: REGO rising

Balancing Mechanism sees increase in smaller participants

Australian renewables see wholesale buck January trends

CCGT plants help balance the market during price spikes

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