Jump: Pricing in SEM up year on year

2018 has been an exciting year in SEM – certainly in the Cornwall Insight offices. The signature piece of work this year has been the introduction of I-SEM which, although a long time coming, was impactful. Getting I-SEM operational was one of the hallmark pieces of work for the sector.

I-SEM has been introduced to bring Ireland and Northern Ireland (for now?!) in line with much of the rest of the EU, with the Regulatory Authorities explaining how the move to I-SEM would save businesses and consumers €200 million a year.

So…

Will it? Has it?

In this week’s blog, the last of the year, we consider whether the low prices have materialised in SEM. 

Related thinking

Announcement

Your invite to our wholesale Summer Outlook 2021 webinar

We are delighted to invite you to our wholesale Summer Outlook webinar. On 12 May, Cornwall Insight will be hosting an open webinar covering our independent views, analysis and outlook of the upcoming summer 2021 period. As part of this session, we will explore a range of both historic and...

Announcement

BBC interview | Robert Buckley discusses Ofgem’s price cap

Robert Buckley spoke to Felicity Hannah on BBC Five Live’s Wake up to Money programme ahead of Ofgem’s announcement to increase the default price cap by £96 to £1,138. Robert explained that a combination of a rise in wholesale prices and policy costs for renewable electricity, as well as the inclusion of £23.69...

Low carbon generation

Analyse thy neighbour: Interconnectors and their importance to future power prices

Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...

Low carbon generation

Demand trends: August sees highest demand since March

This article was originally published on 25 August 2020 in our ‘SEM and commodity pricing report’.   In this week’s blog we take a look at the latest fundamental developments impacting power prices in the SEM. This will see us take a look at wind generation in the SEM this year, while...

Low carbon generation

Green Certificate Survey results | high availability, low demand, low prices

The value for Green Certificates has fallen dramatically according to our quarterly Green Certificate Survey. The survey takes a snapshot of the Green Certificate market providing pricing views and trends for Renewable Energy Guarantees of Origin (REGO), Guarantees of Origin (GoOs) and Renewable Gas Guarantees of Origin (RGGO) certificate markets....

Energy storage and flexibility

The future of power prices: Black swans and dragon kings

Understanding the long-term trajectory of the wholesale market is critical to new generation assets and their investment viability. Here at Cornwall Insight, we support market participants in assessing the potential outlook for wholesale power markets through our long-term market Benchmark Power Curve service. We’ve just updated our latest curves out...

Commercial and market outlook

Changes: how our Spectrum service is evolving

This article was originally published on 9 June 2020 in our ‘Energy Spectrum Ireland’ publication.  Since Cornwall Insight launched the Energy Spectrum Ireland Service in 2015, it has been providing insight on key developments in the energy markets in Ireland. With the macro market trends of decarbonisation, decentralisation and digitilisation,...

Water

Water sector adapts quickly to COVID-19 crisis

The GB water sector, like almost every sector in the UK, has not escaped from the pressures posed by the COVID-19 crisis. In this article, we present the approaches taken by the respective regulators in England & Wales (Ofwat) and in Scotland (WICS), and MOSL (the market operator for England...

This site is registered on wpml.org as a development site.