Posted on: 15/07/2021
20 net-zero facts to celebrate 20 years of SmartestEnergy
This year marks SmartestEnergy’s 20th anniversary and our commitment to the transition to net-zero has only grown stronger. As proud business sponsors of ‘Net Zero Week’, we’ve joined forces with industry partners and government officials for the UK’s first net-zero awareness week (17-23 July). As a next generation energy company, we are playing an active role in educating businesses, consumers and the wider public to achieve ambitious net-zero targets by 2050. To kick-off our activities for...
Posted on: 05/07/2021
Wholesale prices spike to over £90/MWh and unusual colder weather for June cause price volatility in short–term energy markets
Head of Sales Trading, Fanos Shiamishis comments on record-high energy prices for the forward markets in three years, as the Winter-21 Baseload price hit £97.14 on Friday 2nd July - we last saw forward market prices this high back in September 2018, when the price was £88/MWh. Meanwhile, Head of Spot Dispatch Trading, Simon Kneale explains the volatile movements in system prices throughout June that lead National Grid to take an expensive back-up of Short Term Operating Reserve (STOR)...
Posted on: 30/06/2021
Could pumped hydro storage be the silver bullet to net-zero?
Head of Smart Generation Sales, Angus Widdowson discusses the role of energy storage in the UK’s transition to net-zero and reveals some exclusive statistics from our new State of the Market Report, launching this September.
On the approach to COP26 which takes place in November this year, net-zero has never been more topical. Prime Minister Boris Johnson has committed to legislate a new target to cut national emissions by 78% by 2035. This is a significant increase from the UK’s original...
Posted on: 22/06/2021
A smarter approach to commercial EVs and V2G solutions
Head of Products: Digital Trading and VPP, Boz Bozhkov, delves into the importance of Electric Vehicles (EVs) in the UK’s transition to net-zero and what businesses need to consider when developing a smart EV infrastructure. Boz also provides an update on a Vehicle-to-Grid (V2G) proof of concept project that we are involved in, along with several commercial partners.
EV deployment at scale presents a significant challenge to the power grid but also offers an important source of untapped...
Posted on: 07/06/2021
May was a record-breaking month for wind generation causing negative system prices
Head of Sales Trading, Fanos Shiamishis looks back at the power and gas markets throughout May, while Head of Spot Dispatch Trading, Simon Kneale explains why generators were asked by National Grid ESO to increase generation rather than reduce, which led to consistently high system prices throughout the month. We also experienced a record-breaking month for wind generation.
Gas and power prices
Power prices have been increasing over the month, with an in-month high for Winter-21 on the...
Posted on: 21/05/2021
UK’s new ambitious target to cut national emissions by 78% by 2035, by Robert Groves CEO
With COP26 on the horizon, the UK Government has set ambitious net-zero targets for 2035. Chief Executive Officer, Robert Groves, shares his thoughts on the opportunities that UK businesses have to be part of the net-zero transition and the important role that renewables and flexibility will play to support efforts to reach the Government’s new target.
Following the recommendations of the Climate Change Committee, Prime Minister Boris Johnson has committed to legislate a new target to cut...
Posted on: 11/05/2021
Spotlight on Hydro: How can your PPA help you capitalise on market movements?
Head of Smart Generation, Angus Widdowson, explains how independents can capitalise on volatile market movements with the right PPA and how trading technology advancement is opening up even more opportunities for renewable independent generators.
SmartestEnergy has been shaping the energy landscape for 20 years, having launched as a PPA (Power Purchase Agreements) business in 2001. We have been supporting independent generators and helping them get the most value from the wholesale market
Posted on: 04/05/2021
A record-breaking Easter Bank Holiday for Renewable generation pushes system prices into negative territory
Head of Sales Trading, Fanos Shiamishis looks back at the power and gas markets throughout April, while Head of Spot Dispatch Trading, Simon Kneale explains negative system prices on Bank Holiday Monday 5th April, when system prices drop to -£45 as an impressive 80% of Britain’s power came from zero-carbon sources.
Gas and power prices
With April classified as the coldest April in the UK on record for the last 60 years, demand across power and gas increased, with Winter-21 power prices...
Posted on: 26/04/2021
Non-commodity costs make up nearly two thirds of a typical I&C business electricity bill
By October 2023 non-commodity costs could make up almost two thirds of a typical I&C business electricity bill, according to our expert price forecasts presented in our latest Non-Commodity Costs webinar. Strategic Account Manager and host of our popular Non-Commodity Cost webinars, Mark Cox, recaps on the highlights from our April webinar.
It’s the start of a new financial year, lockdown restrictions are finally easing and in the energy sector, the Targeted Charging Review (TCR) is the...
Posted on: 26/04/2021
Generator Revenue Streams: Our latest projections
With a reduction to embedded benefits, in line with Ofgem’s Targeted Charging Review (TCR), generator revenue streams have changed significantly over the last couple of years. James Clark, host of our Generator Revenue Streams webinar, provides an overview of the key price changes we forecast for generators and some additional revenue opportunities, since the approval of the P375 code modification.
In our Generator Revenue Streams webinar, which took place on the 21st April, I looked at the ...