Posted on: 16/03/2017
Connecting sustainability and procurement agendas
Head of Product Development, Mike Shirley, shares his views on connecting the agendas of sustainability and procurement departments.
I have spoken at a couple of sustainability events recently and noticed a recurring theme in my discussions with people from many companies; the competing, and sometimes clashing, priorities of sustainability and procurement departments.
It is something we see a lot as a renewable electricity supplier. Traditionally, we have dealt with Energy Managers or...
Posted on: 14/03/2017
FiT CfD costs become clearer
Our latest Informer Series webinars provided insight on where energy prices and non-commodity costs are heading. Mark Cox, Key Account Manager and presenter of our latest webinar, looks at the Feed-in Tariff Contract for Difference (FiT CfD) charge which has recently started to appear on bills.
Businesses never like uncertainty so energy buyers will welcome the improved visibility we now have on the likely costs of the FiT CfD scheme in the years ahead.
The scheme, which is replacing the...
Posted on: 03/03/2017
Embedded generators face significant Triad cuts
On Wednesday Ofgem released a ‘minded to’ decision which would dramatically reduce the revenues embedded generators receive for generating during Triad periods. Vice President of Renewables Iain Robertson comments on what this will mean for our customers.
Generators have received the disappointing news that Ofgem plans to reduce the level of Triad payments from £45/kW to around £2/kW. The announcement follows their open letter published last summer raising concerns about the high costs.
Posted on: 23/02/2017
Switch to 100% renewable energy puts The O₂ centre stage on sustainability
Hosting over 200 events and 8 million visitors a year means minimising carbon footprint is an important focus for The O₂. John Marler, Senior Director, Energy and Environment at parent group AEG explains its industry-leading approach to sustainability.
Why is buying 100% renewable energy important for AEG?
At AEG, we are always looking for ways to reduce energy consumption at our venues around the world. We are one of the first live music and sports companies to adopt a science-based goal for ...
Posted on: 21/02/2017
Capacity Market result a relief for energy buyers but costs still heading higher
The low clearing price achieved in the latest Capacity Market auction took the energy industry by surprise. In our latest Informer Series non-commodity charges webinar, Head of Pricing and Renewables Gavin Baker looked at the outcome in more detail and the implications for consumers.
As the volatility seen on wholesale markets this winter has underlined, these are challenging times for energy buyers.
But as regular followers of SmartestEnergy’s non-commodity cost webinars will be aware, the...
Posted on: 15/02/2017
10% increase for non-commodity charges predicted in 2017
Businesses could see their energy bills increase by up to 10% this year, thanks to the impact of the Capacity Market and rising Renewables charges. Also, a shake-up of DUoS charging on the horizon could have major impacts from next year.
Head of Pricing Gavin Baker previews our latest non-commodity costs forecast ahead of our webinar later this week.
Capacity Market shapes the landscape for 2017
Over the last two months, we’ve seen two Capacity Market auctions. The T-1 auction closed at...
Posted on: 09/02/2017
Our learnings from the Leighton Buzzard Big Battery
Yesterday, Angus Widdowson presented at the Energy Storage and Connected Systems conference, sharing our experience as a commercial partner on UKPN’s Leighton Buzzard battery storage project. Here he takes us through the lessons learned and what SmartestEnergy are doing on the back of this to build a viable route to market for grid scale projects.
The Leighton Buzzard 6MW/10MWh Lithium-ion battery connected to the grid in November 2014. Our role as trading partner included providing access to...
Posted on: 07/02/2017
DSR misses out in the Capacity Market
Following the Capacity Market Early Auction last week, Head of Technology Jim Marshall discusses the results and what it means for the market.
Last week, National Grid ran the Capacity Market Early Auction to secure capacity for winter 2017.
The auction cleared at the lower-than-expected price of £6.95/kW, with contracts awarded for 54GW of capacity. This means the total cost of securing supply for next winter will be £378 million.
(Our Pricing Team will be presenting our latest forecasts...
Posted on: 31/01/2017
Smart businesses should recognise their electricity is no longer a utility
Today the National Grid will invite bids to provide 53.6GW of capacity to help keep the lights on when electricity supplies run low next winter. This process will ensure the lights stay on and the principal way it will do that is to pay large, old power stations a benefit to continue to make themselves available. Without these payments from National Grid, many of these power stations would not be commercially viable and they would shut down and decommission.
The above solution is very much the ...
Posted on: 25/01/2017
Why is certified renewable electricity so important?
Last week, SmartestEnergy launched the UK’s first certified 100% renewable electricity supply product. Head of Marketing and leader of the product’s development, Mike Shirley, explains why this is such an important milestone for the industry.
Many of the UK’s biggest companies are now choosing to be supplied with renewable electricity. This increased demand for clean energy is good news for the planet, for renewable generators, and for the consumers that buy from these brands.
But there is...