Blog

How are BSUoS charges changing?  

Following their minded-to decision late last year, Ofgem has announced a final decision on Balancing Services Use of System (BSUoS) charges. From 1 April 2023, generators will no longer pay BSUoS charges. In this blog, Alexander Walmsley, Head of Pricing, shares further information on the BSUoS changes and the effect on our Generation and I&C Business customers.   

BSUoS charges are how the Electricity System Operator (ESO) recovers costs associated with the day-to-day operation and...

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Equality, Diversity and Inclusion: What it means to me and SmartestEnergy #SmartestBalance

One of SmartestEnergy's ambitions is to be a company that embeds a culture focused on equality, diversity and inclusion (EDI). To ensure we build an accepting and enjoyable workplace for all, we established our 'Smartest Balance' initiative. In the first blog of our #SmartestBalance series, James Graham, VP of Sales and Marketing, shares his motivations for volunteering to chair the Equality, Diversity & Inclusion Strategic Group (EDISG), as well as explaining our strategic goals for...

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Triad dates for 2021/22 are confirmed

National Grid ESO have published the Triad peaks for Winter 2021/22. Strategic Account Manager, Mark Cox looks back at the market conditions on the confirmed Triad dates and shares some information on our pilot demand response service ahead of the TNUoS changes coming into play from Winter 2023 under the Targeted Charging Review (TCR).

What are Triads?

Triads are the three highest half hourly periods of demand, 10 days apart, usually between 4pm-7pm throughout November to February.

These...

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Renewable capture price cannibalisation

As renewable capacity increases, capture prices for renewable assets are decreasing and are expected to decrease even further. Senior Business Development Manager, James Marsh explains how the growth in renewable generation is causing price cannibalisation on the capture prices and what that means for the future of a Power Purchase Agreement (PPA).

Over the last ten years, the UK’s renewable generation mix has increased from 10,690 MW to 43,784 MW and as the net-zero agenda accelerates, wind...

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The growing demand for renewable power pushes REGO prices up by over 800% in the last 10 months

In the third and final instalment of our Non-Commodity Costs blog series we take a detailed look at Renewable Energy Guarantee of Origin (REGO) prices over the past 3 years. Owen Moulton, I&C Key Account Manager explores the increasing demand and value in REGOs, the reasons that have led to sky-rocketing prices and the importance of certified renewable certificate allocation for business electricity customers.

Just like the wholesale market, which is impacted by a number of different...

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New podcast: Wholesale energy price shock and environmental and network cost forecasts

Mark Cox, Strategic Account Manager, James Clark, Business Development Manager and Alex Walmsley, Senior Pricing Analyst, provide their expertise in our latest SmartestEnergy Talks podcast. They discuss the volatile wholesale price movements and rising environmental and network costs forecasted for I&C businesses and the value opportunities available for generators. 

Extraordinary Power Price Volatility 

One of the key topics discussed in both webinars was the wholesale market. Rising...

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Ofgem announce energy Price Cap following a month of volatile Wholesale Prices

As the industry responds to the energy cap, Head of Sales Trading Fanos Shiamishis and Spot Power Trading Analyst, William Lake comment on the energy market activity we’ve seen so far in 2022.

As predicted, the news of the energy price cap was announced by Ofgem on Thursday 3rd February. The regulator has confirmed the energy price cap will rise by 54% from April 2022. This is an increase of £693 from the current winter cap of £1,277 in response to the unprecedented rise in power prices we've ...

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Unprecedented price volatility and high inflation impacts low-carbon subsidy schemes, RO and CfDs

In the second of our Non-Commodity Costs blog series, Mark Cox, Strategic Account Manager and host of our Non-Commodity Costs webinars, and Alex Walmsley, Senior Pricing Analyst, look at recent environmental costs, including the Renewables Obligation and CfDs (Contracts for Difference), for I&C business electricity customers and the predicted forecasts over the coming years, at a time of unprecedented high volatility. 

Renewables Obligation (RO) 

The Renewables Obligation (RO) is one of...

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CEO Louise Wapshare joins the #WUNcareerstories podcast

Louise Wapshare, CEO SEBL appeared as a special guest on the WUN4ALL podcast hosted by the Women Utilities Network (WUN). In this blog Louise recaps the key themes covered in the #WUNcareerstories podcast, sharing her insights on career transitions and leadership.

I recently joined Sabrina Polito from the WUN for a podcast to share my learnings over the course of my career spanning a number of business sectors. We talked about the transition into general management roles and my leadership...

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Balancing System (BSUoS) Costs hit record highs for large business energy users

In the first of our Non-Commodity Costs blog series, Mark Cox, Strategic Account Manager and host of our Non-Commodity Costs webinars looks at the record high BSUoS costs for I&C business electricity customers and the potential changes ahead to BSUoS charging.

BSUoS is the Balancing Services Use of System cost, essentially the cost of balancing and operating the transmission system. In our latest Non-Commodity Costs webinar, presented to customers earlier this week, industry pricing...

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