Green Certificates survey reveals falling values

Cornwall Insight Green Certificates survey reveals falling values: The latest Cornwall Insight Green Certificates survey results show that the value of green electricity certificates has fallen significantly, with average values reportedly more than one-third lower than in the previous quarter. Green gas certificates have held their value better, but average prices have also fallen for…
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Energy demand increases as lockdown restrictions lifted

Energy demand increases as lockdown restrictions lifted: The COVID-19 lockdown had a significant impact on Great Britain’s (GB) electricity demand, causing it to drop by almost 15-20% compared to the previous year. However, analysis by Cornwall Insight shows that as GB has slowly started to ease out of lockdown and some sectors start to reopen,…
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Feed-in Tariff costs set to rise to an all-time high

Feed-in Tariff costs set to rise to an all-time high: Research from Cornwall Insight shows that Feed-in Tariff (FiT) costs for the upcoming quarterly levelisation* could reach an all-time high, covering the period April – June 2020.   The combination of extremes in sunshine hours and low energy demand resulting from the COVID-19 lockdown has…
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The effects of lockdown on the Balancing Mechanism

The effects of lockdown on the Balancing Mechanism: The COVID-19 pandemic and its subsequent lockdown restrictions have impacted GB’s energy market, with record low demand and wholesale prices. These changes in market conditions have seen National Grid as the Electricity System Operator (ESO) face operational challenges in balancing the electricity system.   Research from Cornwall…
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COVID-19 impacts on low-carbon investments

COVID-19 impacts on low-carbon investments: The COVID-19 pandemic has disrupted many sectors across the UK, and investment in low-carbon infrastructure has paused in many markets. Daniel Atzori, Research Partner at Cornwall Insight, comments on the likely impacts of the COVID-19 crisis in low-carbon infrastructure finance and investor confidence.   “Despite the decrease in electricity prices…
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COVID-19 impacts on the TPI industry

COVID-19 impacts on the TPI industry: While the discussion continues around the impacts of COVID-19 on energy suppliers, the effects have reached all parts of the energy value chain. The latest research from Cornwall Insight’s ‘Third-party intermediaries in the business and industrial energy supply market report’ highlights the effects of the COVID-19 lockdown on the…
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Will Irish households benefit from falling wholesale prices?

Will Irish households benefit from falling wholesale prices? Wholesale prices across the Single Electricity Market (SEM) fell to record lows in April. Joe Camish Analyst at Cornwall Insight Ireland discusses these developments and what this might mean for electricity users across Ireland.   The most prominent of these were the movements in the day-ahead power…
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Renewable generator revenues fall due to lockdown

Renewable generator revenues fall due to COVID-19 lockdown: Research from Cornwall Insight’s Green Power Forecast reveals there has been a sharp decline in generator revenues. Solar and wind technologies have been particularly impacted by low demand levels due to the COVID-19 lockdown.   Solar PV captured prices were, on average, 8.4% and 14.9% below baseload…
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COVID-19 impacts: gas and power prices over the summer

COVID-19 impacts: gas and power prices over the summer months: As Great Britain (GB) is starting to move through the peak of the COVID-19 pandemic, there have been some indications that the energy market could be passing its trough.   Tim Dixon, Wholesale Team Lead at Cornwall Insight, looks into how GB gas & power…
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COVID-19 impacts: reduction in inertia levels

COVID-19 impacts: reduction in inertia levels: Analysis by Cornwall Insight reveals that inertia* levels have been falling over time as the proportion of synchronous generation has declined. The below graph highlights the drop in inertia and shows 2020 levels are significantly lower.   While we are not even halfway through the year the shape of…
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