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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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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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Batteries see 149% increase in BM activity

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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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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Brits spend up to £584.7m on keeping their pets cosy

Pet Power: Brits spend up to £584.7m on keeping their pets cosy at home Why are we spending this much on our pets? The study also revealed that for 21% of Brits, their pet’s welfare matters more than their own Dogs owners across the UK are spending £33.7 million on washing their four-legged friend in…
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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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Together Energy has acquired Bristol Energy’s customers

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

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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