British Utilities

Energy prices to remain well above average up to 2030 +

Energy prices to remain well above average up to 2030 +: Research from Cornwall Insight looking at Great Britain’s (GB) Power Market out to 2030 has shown energy prices will remain in excess of £100/MWh annually. This is significantly above the five year pre-2021 historic average of £50/MWh in Winter and the even lower prices…

Renewable electricity capacity to rise by 60% over 5 years

Renewable electricity capacity to rise by 60% over 5 years: The International Energy Agency (IEA) has now revised its forecast for the global renewable electricity capacity, predicting that renewable installations will increase by over 60% by 2026. The new report indicates renewables will have a record in 2021 with nearly 290GW forecasted to be commissioned…

Offshore wind spurs generation placed under CfD scheme

Offshore wind spurs generation placed under CfD scheme: Research from Cornwall Insight shows that the role of Contracts for Difference (CfD) generators in the electricity market continues to expand, and Allocation Round 4 (AR4) to be held later in 2021 will only expand this role further. Key findings 2GW of installed capacity supported by the…

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…

Price cap rises but is expected to increase further still

5th February 2021

Andy Robinson

Cornwall Insight, coronavirus lockdown, electricity, electricity bill, Ofgem, price cap, renewable generation, UK

Price cap rises but is expected to increase further still: Commenting on today’s Ofgem announcement that the default price cap would increase by £96 to £1,138 for the six months effective from 1 April 2020, Robert Buckley Head of Relationship Development at Cornwall Insight, said: “This is a substantial increase which negates all of the…

Ireland will need to more than double its renewables

Ireland will need to more than double its renewables capacity over the next 25 years to meet 2050 targets: Findings from Cornwall Insight’s ‘All-Island forward curve’ – a comprehensive market and asset-level power price modelling service – shows that Ireland will need to more than double its renewable capacity over the next 25 years if…

Seven suppliers owe £34m in RO and FiT fees

2nd October 2020

Andy Robinson

Business Energy News, Efficiency & Environment, energy supplier, Feed-In Tariff, Finance & Markets, Ofgem, Renewable energy, renewable generation, Renewables Obligations, Uncategorised

Seven suppliers owe £34m in RO and FiT fees: Seven energy suppliers have been ordered to pay £34 million by Ofgem which they owe in Renewables Obligations (RO) and Feed-in Tariff scheme levelisation payments. Suppliers have to demonstrate under the governments’ RO scheme, they met their obligations by having sourced enough electricity from renewable sources…

renewable generation

Energy prices to remain well above average up to 2030 +

Renewable electricity capacity to rise by 60% over 5 years

Offshore wind spurs generation placed under CfD scheme

CCGT plants help balance the market during price spikes

Price cap rises but is expected to increase further still

Ireland will need to more than double its renewables

Seven suppliers owe £34m in RO and FiT fees

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