Five things we learnt from Energy Spectrum | 659

In this week’s Energy Perspective, we set out the main developments in the GB Capacity Market since the November 2018 ruling by the European Court of Justice that led to its suspension including, most recently, the European Commission’s confirmation it is to undertake a full investigation into the scheme.

The business case outlined by a new report on marine energy – funding innovation through corporate PPAs with offsetting tax credits for buyers and, as it becomes established, more standardised Contracts for Difference support – would be complex to administer and would require new transparency rules. In this week’s Policy section, we find some interesting ideas in the report, produced by the UK Marine Energy Council and Scottish Renewables, but there are clearly several hurdles to utilising the “world leading” UK wave and tidal power sectors it describes.

As the Balancing Services Use of System (BSUoS) Taskforce continues to investigate possible changes into balancing services charges we see little surprise in its conclusions that BSUoS is not a cost reflective charge. Not least because it’s an opinion consistent with previous industry workstreams that have considered the matter. This week, in our Regulation section, we analyse further the progress of the Taskforce.

Continuing our rundown of the annual results of the larger suppliers, this week’s Industry Structure section analyses E.ON’s numbers, published on 13 March. The business has been repositioning across Europe and looking to develop its more consumer-facing strategy and, in headline terms, it appears that networks and renewables are driving profit growth. However, we also find that, while E.ON’s retail businesses outside GB are also growing, the squeeze from increasing competition and the introduction of price caps look to be taking their toll in GB.

Cornwall Insight’s retail team reviews the way that white label energy suppliers have evolved in the market in this week’s Nutwood.  We are approaching 21 years since the official date originally slated for opening the domestic electricity market in GB (1 April) and the team finds that, while much has changed since, the white label model has remained relatively consistent.

Related thinking


More details required for large-scale solar rollout in EU

Last week, our 'Financing net zero forum' gathered to discuss the role of private capital for the next wave of solar across Europe. Joining the meeting chair, Cornwall Insight's Daniel Atzori, were our guest panellists from a leading developer and the Global Infrastructure Investor Association (GIIA). With the European Commission...

Low carbon generation

Our Renewables Pipeline Tracker: In with the new – scoping projects and progression through planning stages

Our latest Renewables Pipeline Tracker was published on 11 June, and this blog provides a summary of some of the recent developments in our coverage of the pipeline for new build and repowering renewables assets in GB. What’s new? Seabed leasing rounds, scoping projects and CfD announcements Since our previous...

Regulation and policy

Electricity transmission charging reform – overtaken by changing priorities?

Charging for the transmission network is never out of the development process for long. From major reviews, such as that initiated under Project Transmit in 2010, to significant reforms such as removing the triad benefit from distributed generation in 2018, and a host of smaller developments, change seems the only...


The top 5 podcasts of 2020

We released 13 podcasts in 2020 covering all aspects of the energy market, from the Capacity Market and Electric Vehicles to Faster Switching and heat networks. Here are our top five podcasts of the year, ranked by the number of people who listened. 5. The Impact of COVID-19 on System...

Low carbon generation

Renewables Pipeline Tracker: Higher, faster, stronger – the changing nature of offshore wind

Having released our October 2020 Renewables Pipeline Tracker report, which covers the latest developments for pipeline renewables sites across GB, this blog explores our recent findings on the pipeline and in particular offshore wind. The Renewables Pipeline Tracker is updated quarterly and includes information across over 1,000 prospective renewables sites...

Low carbon generation

EU COVID-19 stimulus plan – EU ETS impacts and environmental policy developments

This article was originally published on 28 July 2020 in our ‘Irish energy market bulletin’ publication.   Two weeks ago saw the European Commission’s proposed €750bn stimulus plan and revised €1.1tn proposal for the EUs next long-term budget (2021-2027) agreed upon by EU member states at the European Council. The plan...

Home supply and services

COVID-19-driven changes to electricity Third Party Charges

The impact of COVID-19 on the energy sector has been a hot topic for the last few months. As we progress further into the UK’s lockdown period we are now beginning to piece together the wider picture of effects across energy Third Party Charges (TPCs). These impacts are expected to...

Low carbon generation

Flexible Asset PPAs – more capacity, more competition

The Power Purchase Agreement (PPA) market for flexible assets in the last six months has both grown in size and seen increased levels of competition as new offtakers and optimisers make themselves known in the market. What do we mean by the PPA market for flexible assets? We mean the...