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Energy demand reaches 2019’s after lockdown

GB energy demand reaches 2019’s levels for the first time after COVID-19 lockdown: Lockdown measures created a sudden fall in electricity demand at the end of March and into April, with demand falling by ~15% below 2019 levels. However, recent research from Cornwall Insight shows that since July, there has been a gradual rise in…
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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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RAW Charging inks deal with Greene King

RAW Charging inks deal with Greene King to roll out ChargePoint EV charging solutions across its pub estate: London, 24th August 2020 | RAW Charging have selected ChargePoint, the world’s largest EV charging network, for their recently announced partnership with Greene King, the UK’s leading pub retailer and brewer to deploy electric vehicle (EV) charging…
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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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Solar power is paying 20% of total FCAS regulation costs

Solar power is paying 20% of total FCAS regulation costs: Latest research from Cornwall Insight Australia shows that solar farms are responsible for paying somewhere between 10%-20% of total regulation FCAS costs in any given month (see Figure 1).   This is disproportionate to solar energy generation in the NEM, which in FY20, was only…
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Increased confidence boosting OFTO process

Increased confidence boosting Offshore Transmission Owners (OFTO) tender process: Cornwall Insight has examined the recent trends in the Offshore Transmission Owners (OFTO) tender process.   The below graph highlights the relationship over time, between the Tender Revenue Stream (TRS), or the fixed revenue stream the OFTO owner receives from the offshore wind farm, and the…
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EV sales during lockdown give us a glimpse into the future

Electric vehicle(EV) sales during lockdown give us a glimpse into the future: Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97% drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs).   In fact,…
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Divergence in value together with wind & solar shapes

Divergence in merchant value together with complementary wind and solar shapes creates new opportunities for hybrid projects: Research from Cornwall Insight Australia, examined the performance of wind and solar technologies against the time-of-day price shape and highlights a clear divergence in the merchant outlook for both technologies. This presents a real opportunity for collaborative and…
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Forecasts show 46GW increase of renewables by 2030

Forecasts show 46GW increase of renewables: Forecasts from Cornwall Insight’s ‘Benchmark power curve’ suggests that up to ~46GW of new build renewable technology  ̶  ~11GW onshore wind, ~10GW solar and ~25GW offshore wind  ̶  may need to be developed by 2030 to keep pace with 2050 net zero targets.   This large-scale deployment of very…
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