Posted on: 15/04/2021
Triads peaks for 2020/21 confirmed
Now that National Grid ESO have published the Triad peaks for Winter 2020/21, Strategic Account Manager, Mark Cox confirms the triad peaks and recaps on the benefits of Triad avoidance for I&C businesses. But could 2021 be the last year for Triads?
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 three half hourly periods cover the cost of running the transmission network, also...
Posted on: 12/04/2021
SmartestEnergy Business - Lockdown restrictions lifted, on the road to business recovery
With lockdown easing across parts of UK today, it’s encouraging to see that many small businesses will start to reopen their doors again. Small businesses are vital for the national economy and even more so to their local communities. It is critical that they can bounce back from the impact of COVID-19. Some will require significant financial support to recover and whilst energy costs can have an impact on a business’s cash flow, SmartestEnergy Business is doing what it can to ensure it is a...
Posted on: 06/04/2021
Easing Lockdown Restrictions support recovery trend for Summer-21 power and gas prices
In this month's power market update, Head of Sales Trading, Fanos Shiamishis and Trading Analyst, Leo Burdorf look at power and gas markets throughout March, where easing lockdown restrictions have supported a price recovery trend, despite LNG shipment disruption by the "Ever Given" blockage on the Suez Canal.
Gas and Power Prices:
Prior to the last day of trading, Summer-21 power price peaked on the 15th March, reaching £55.25/MWh, the highest since 13th January when the baseload price...
Posted on: 29/03/2021
T-1 and T-4 Capacity Market Auction Results
Head of Markets, Boz Bozhkov summarises the final results of the T-1 and T-4 Capacity Market Auctions, published last week. In this blog, Boz looks at the results in depth and explains what this means for our customers.
The Capacity Market is a government scheme introduced in 2014. It ensures security of supply at an affordable cost to consumers through a competitive auction process. Any Capacity Market applicants that secure a contract must deliver when there is a system stress event...
Posted on: 19/03/2021
Targeted Charging Review: key updates for UK I&C business and generators
In December 2019, Ofgem published their final decisions under the Targeted Charging Review (TCR). With the implementation of these changes fast approaching Head of Pricing, Tom Putney provides a much-needed update with everything you need to know about the TCR ahead of our Non-Commodity Price Forecast webinar and Generator Revenue Streams webinar next month.
What is the Targeted Charging Review (TCR)?
The Targeted Charging Review (TCR): Significant Code Review (SCR) is a project, led by...
Posted on: 11/03/2021
SmartestEnergy Business Maintains ‘Excellent’ Customer Service Rating
John-Paul Jenner, Marketing Manager for SmartestEnergy Business Ltd (formerly Dual Energy), takes a look at how the SmartestEnergy Business team is working hard to put the customer first and in doing so receive some very encouraging feedback during what continues to be a challenging period for suppliers in general.
As an energy supplier, delivering consistently great service in today’s climate is something that requires focus and determination. But to go a step further and maintain an...
Posted on: 02/03/2021
BM Wind Curtailment Reaches 437GWh as Western HVDC Link Goes Offline
Following our Monthly Industry Briefing and Power Market Update webinar, Head of Sales Trading, Fanos Shiamishis and Trading Analyst, Leo Burdorf look at the driving forces behind last month's market movements.
In the second half of February, we saw increased amounts of wind curtailment in the Balancing Mechanism (BM) due to the Western HVDC link being offline. In total, accepted bid actions in the BM for wind reached 437GWh - compared to just 50GWh in the previous month. These curtailments...
Posted on: 25/02/2021
Leveraging Technology to Maximise Energy Price Opportunities
Chief Technology Officer, Rob Pringle shares some expert intel on the complex nature of energy trading. He looks at the ever-increasing role of technology in enabling generators and consumers access to the traded energy markets, including the forward market and short-term markets like the Balancing Mechanism (BM).
As the energy system is changing at pace and the deployment of independent renewables increases to help meet ambitious net-zero targets, technology is key to serving our customers’...
Posted on: 12/02/2021
Embedded Flexibility: The Return of ODFM and Last Resort Disconnection
As National Grid announce their intention to reinstate the Optional Downward Flexibility Management (ODFM) product this year, Head of Markets, Boz Bozhkov takes a look at the success of the scheme, as well as new proposals for emergency disconnections for embedded generators.
With recent spikes in power prices and the cold temperatures we’ve experienced this week, you could be forgiven for thinking that the demand crash seen at the start of the pandemic feels a very long way away now.
Posted on: 01/02/2021
Short-Term Power Markets Hit Record Highs in January
Following our Monthly Industry Briefing and Power Market Update webinar, Head of Sales Trading, Fanos Shiamishis and Trading Analyst, Leo Burdorf provide a summary of last month’s energy market movements.
UK short-term power markets saw record prices in January due to a combination of factors. Colder than expected weather and the end of auction coupling between the continent and the UK - having left the Internal Energy Market due to Brexit - were some of the drivers behind a record of four...