Downward pressure on wholesale prices, regulatory change and subsidy cuts make it more important than ever for generators to maximise the value of their projects
What are Generator Revenue Streams?
Generators typically secure revenue for their projects from three areas: wholesale energy prices; embedded benefits - which are payments made to distributed generators for reducing the need to use the transmission network; and subsidies - paid to renewable generators for helping to decarbonise the the UK energy mix.
The role of the Balancing Mechanism in the changing energy system
Join Head of Markets, Boz Bozhkov, Senior Engineer, Phil Edwards and Trading Analyst, Leo Burdorf, who explain how the Balancing Mechanism is providing new opportunities for flexible generation, despite the drop in demand caused by Covid-19.
This week’s headlines: the regulator unveils proposals to enable local energy networks to meet growing demand for power; Government is to set out a timeline to review the future of the Climate Change Agreement scheme; and moves to ensure microbusinesses get a better deal on their energy supply are announced.
This week’s headlines: a report from the grid operator predicts demand-side response will become increasingly valuable in the years ahead as Britain shifts towards net-zero; Government announces its latest funding to fuel a green recovery; and Ofgem’s scheme to help energy innovators gets a revamp.