Posted on: 08/07/2020
Power Markets Review: June 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis, Sales Trader Jean-Philipe Marty and Trading Optimisation Analyst, Leo Burdorf take a look at the recent bounce-back in wholesale prices, as well as changes across commodity markets throughout June.
Featured Focus: Wholesale Prices
Over the past two months, wholesale power prices have risen by almost 20%. From the low prices seen in April as demand reduced in reaction to the imposition of...
Posted on: 22/06/2020
Leveraging online trading technology to maximise generation project revenues
In this latest blog Head of Sales for Smart Generation, Angus Widdowson gives an overview of our new SmartFlex platform, which gives electricity generators the ability to trade online and maximise the value they can obtain from a flexi PPA.
Over the past few months we’ve seen a number of market factors causing volatility in wholesale prices. Coming out of what had already been a bearish winter due to mild weather conditions and a global oversupply of Liquid Natural Gas (LNG), the impacts of...
Posted on: 18/06/2020
Costs of Covid-19: CfD
In the second blog of our series focusing on Non-Commodity Costs affected by Covid-19, Head of Pricing, Tom Putney returns to explain changes to Contracts for Difference (CfD) costs for end users.
Earlier this week, I posted about the way that this pandemic has caused unprecedented drops in demand and the way this has affected Balancing Service Use of System (BSUoS) Charges. This is because National Grid has had to call upon new methods of flexibility in order to keep the lights on by...
Posted on: 16/06/2020
Costs of Covid-19: BSUoS
In the first of a two-part series focusing on how Covid-19 has impacted Non-Commodity Costs (NCCs) Head of Pricing, Tom Putney takes a look at why the value of BSUoS has risen so much, as well as what industry is doing to mitigate the effects for consumers.
Since the introduction of lockdown conditions in the UK, significant reductions have been seen in demand. Across April demand was down 18% on the previous year, with reductions continuing across May. Beneath those headline figures, we have...
Posted on: 05/06/2020
Power Markets Review: May 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis, Sales Trader Jean-Philipe Marty and Trading Optimisation Analyst, Leo Burdorf take a look at changes across commodity markets throughout May, as well as the drivers behind them.
Power & Gas
As we move into June the Winter-20 contract comes into sharper focus, trading at around £41.80/MWh, which is up around £1.50/MWh from it’s opening position on the first of May. Power was generally ...
Posted on: 20/05/2020
It’s the end of ‘double-charging’ for energy storage assets
After Ofgem approved changes to end the issue of ‘double-charging’ for energy storage installations, Head of Pricing, Tom Putney explains the scenario, and how this improves the deployment landscape for storage projects.
Last week, Ofgem approved Connection and Use of System Code (CUSC) modification CMP281: “Removal of BSUoS Charges From Energy Taken From the National Grid System by Storage Facilities”. (We await the decision regarding the sister modification CMP280: “Creation of a New...
Posted on: 14/05/2020
Reviving the Green Economy: Corporate PPA
As calls for government to use the renewables industry to help kickstart the economy continue to grow Account Manager, Owen Moulton looks at the role Corporate PPAs can play in helping businesses achieve decarbonisation goals and provide additionality.
As the UK adapts to what has been termed ‘the new normal’, various commentators within industry have called on the government to use the renewables industry as a tool to help kickstart the economy. Weight was added to these claims this week...
Posted on: 07/05/2020
Power Markets Review: April 2020
In the latest edition of our monthly power market blog series, Head of Sales Trading, Fanos Shiamishis, Sales Trader Jean-Philipe Marty and Trading Optimisation Analyst, Leo Burdorf take a look at changes across commodity markets throughout April, as well as the drivers behind them.
Power & Gas
Winter 20 power opened April at £38.10/MWh, it’s now trading around £40.67/MWh, having hit an in-month high of £42/MWh, driven by EDF announcements of a reduction in French nuclear generation to ...
Posted on: 01/05/2020
Generator Revenue Streams: Update
Following on from our recent Generator Revenue Streams webinar, Head of Sales for Smart Generation, Angus Widdowson picks out some of the biggest headlines and explains the reasons behind our changing forecasts.
Given the social distancing measures implemented in the UK following the Covid-19 pandemic, overall demand is down, causing knock-on effects in wholesale power prices. Further impacted by demand destruction in other markets such as oil and gas as countries remain...
Posted on: 23/04/2020
Contracts for Difference Still on Track: AR4 Set for 2021
Following the announcement from Government that the next Contracts for Difference (CfD) Auction remains on track for 2021, Head of Renewables Origination, Rob Luke takes a look back at the success of the scheme so far, as well as what we might expect from the upcoming round.
Despite the major changes we’re all currently experiencing, news which emerged last week detailing the decision made by The Department of Business, Energy and Industrial Strategy (BEIS) to keep planned timescales for the...