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Competition for flexible asset PPA deals on the rise

Andy Robinson
balancing, battery storage, CHP, Cornwall Insight, DNO, Flexible Generation, Flexitricity, GB, Habitat Energy, OCGT, Offtaker, PPA, Virtual Lead Parties, VLP
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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

Andy Robinson
balancing, Contracts for Difference, Cornwall Insight, National Grid ESO, net-zero, News Business Energy News, wind
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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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Could COVID-19 positively impact future EV sales?

Andy Robinson
battery electric vehicle, BEVs, Cornwall Insight, covid-19, EV, lithium-ion batteries, lockdown, News Business Energy News, SMMT
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Could COVID-19 positively impact future EV sales?: Research into the Society of Motor Manufacturers & Traders (SMMT) vehicle registration data by Cornwall Insight shows Battery Electric Vehicles (BEVs) in 2020 have already grown 76.1% on the whole of 2019.   SMMT recorded the lowest September car sales this century at 328,041 vehicles, down 4.4% on…
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Shake-up in energy suppliers domestic market share

Andy Robinson
Business Electricity, Business Energy News, Cornwall Insight, covid-19, energy, energy bills, Energy Market News, Environment, Finance, Finance & Markets, Gas, investment, markets, Uncategorised
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?

Andy Robinson
Battery, battery storage, Business Electricity, Business Energy News, Business Gas, carbon dioxide emissions, clean, Cornwall Insight, decarbonisation, Efficiency & Environment, electric, emissions, energy, energy efficiency, Energy Market News, Energy Storage, Environment, Finance & Markets, generation, Infrastructure, markets, net-zero, Policy, Renewable, Renewable energy, Renewables, solar, Uncategorised
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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

Andy Robinson
Business Electricity, Business Energy News, Cornwall Insight, Coronavirus, electric, Energy Market News, Finance, Finance & Markets, generation, investment, markets, Renewables, solar, Uncategorised
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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

Andy Robinson
Business Electricity, Business Energy News, Business Gas, Cornwall Insight, covid-19, electric, energy, energy bills, Energy Market News, Finance, Finance & Markets, Gas, markets, Ofgem, Uncategorised
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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Batteries see 149% increase in BM activity

Andy Robinson
battery storage, Business Energy News, coal, Cornwall Insight, covid-19, Efficiency & Environment, electric, energy, Energy Market News, Energy Storage, Environment, Finance & Markets, generation, markets, Renewable, Renewable energy, Uncategorised
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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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Together Energy has acquired Bristol Energy’s customers

Andy Robinson
Business Energy News, Cornwall Insight, electric, energy, energy bills, Energy Market News, Finance, Finance & Markets, funding, Gas, investment, markets, Uncategorised
Cornwall Insight responds to confirmation that Together Energy has acquired Bristol Energy’s residential customers and brand: Commenting on the announcement that Bristol Energy’s customer base has been acquired by Together Energy, Ed Reed, Head of Training at Cornwall Insight, said:   “It is a turbulent time in the retail energy space at the moment, particularly…
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Acquisitions set to change non-domestic energy market

Andy Robinson
Business Electricity, Business Energy News, Business Gas, Cornwall Insight, electric, energy, energy bills, Energy Market News, Finance, Finance & Markets, Gas, investment, markets, Uncategorised
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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