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Interconnectors plugging CM's new-build generation gap

Interconnectors plugging CM’s new-build generation gap

Interconnectors plugging CM’s new-build generation gap: T-4 Capacity Market (CM) auctions have traditionally been a potential signal for new-build generation with their longer-term procurement structure. However, research from Cornwall Insight on the T-4 CM auctions has seen an irregular new build development pattern emerge. In the seven T-4 auctions held since the CM’s inception, 12.6GW…
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Cornwall Insight on T-1 Capacity Market highest price

Cornwall Insight on T-1 Capacity Market highest price: Commenting on the T-1 Capacity Market (CM) auction (Delivery Year 2021-22) clearing in Round 6 with a clearing price of £45/kW, the joint highest ever clearing price of a CM auction, Tim Dixon Wholesale Team Lead at Cornwall Insight, said: “This joint highest clearing price for a…
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Balancing Mechanism sees increase in smaller participants

Balancing Mechanism sees increase in smaller participants

Balancing Mechanism sees increase in smaller participants: Research from Cornwall Insight shows that there has been a notable level of entry into the Balancing Mechanism (BM) from smaller providers across battery storage, gas reciprocating engines and aggregated units in the last year. The below graph presents the number of units active in the BM —…
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Capacity Market

Cornwall Insight on Capacity Market prequalification

Cornwall Insight on Capacity Market prequalification: On 11 December the EMR Delivery Body (National Grid ESO) published the prequalification registers for the T-1 (2021-22) and T-4 (2024-25) Capacity Market (CM) auctions. The headline figure from the prequalification register is 54.0GW of de-rated capacity has prequalified for the T-4 auction against a target of 41.2GW. However,…
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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…
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Lull in wind power sparks National Grid energy warning

Lull in wind power sparks National Grid energy warning: National Grid Electricity System Operator (ESO) warns that electricity may be in short supply over the next few days because of  an ‘unusual lull’ in wind power. The organisation has forcast tight margins on the UK’s electricity system from 15th -18th October, observing that low levels…
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