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National Grid’s 2020 Future Energy Scenarios

Cornwall Insight comments on National Grid’s 2020 Future Energy Scenarios: Commenting on the National Grid’s 2020 Future Energy Scenarios (FES) James Brabben Wholesale Manager at Cornwall Insight, said:   “The latest FES highlight just how dramatically the energy landscape will change in the coming decades. It is clear that existing and new technologies can be…
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Comments on negative wholesale prices across the SEM

Comments on negative wholesale prices across the SEM: Research from Cornwall Insight Ireland shows a continuation of the power markets in the Single Electricity Market (SEM) out turning negative. From the 5th of July, all Intraday and day-ahead markets in the SEM have displayed periods where daily market activity has averaged below €0.0/MWh.   Since…
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COVID-19 impacts: Surge in negative pricing

COVID-19 impacts: Surge in negative pricing: Because of COVID-19 and its effect on energy demand, wind now represents a more substantial proportion of Great Britain’s (GB) energy mix. At the same time, CCGT plant has to respond to lower load factors. This has resulted in not only record low wholesale prices but also a surge…
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Negative wholesale prices in the SEM

Negative wholesale prices in the SEM –  comments by Cornwall Insight Ireland : On 5 April, the Irish Single Electricity Market (SEM) experienced a negative day-ahead trading price for almost the whole day.   The below graph shows the day-ahead market starting at -€6.0/MWh, before falling as low as -€14.5/MWh at 2:00 pm. Overall, the…
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Highest offshore wind load factors recorded since 2015

Highest offshore wind load factors recorded since 2015: Latest research from Cornwall Insight highlights that because of the elevated wind speeds experienced in January onshore wind load factors averaged 42% for the month, and older offshore sites (pre-2016) reached an average of 52%. Newer (post-2016) windfarms fared much better with offshore wind farms load factors…
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Negative wholesale prices recorded for the first time

Cornwall Insight comments on negative wholesale prices recorded for the first time: On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00 AM to 04:00 AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh. Exceptionally high wind generation in Great Britain (GB) throughout the…
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