On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00AM to 04:00AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh.
In this week’s Chart of the Week, we take a look at a first for the GB market, negative day-ahead trading prices, and analyse how this trend could develop in the future.
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Low carbon generation
In our previous ‘Chart of the week’ in November 2020, we reviewed the increasing percentage of causer pays cost that solar generators bear due to their generation profiles and how this results in them paying significantly more of the causer pays cost as a ratio of the generation they provide. More than...
Low carbon generation
This Chart of the week examines the historical captured prices of selected technologies within NSW for the last 10 years. Figure 1 shows the historical rolling monthly average of captured prices of various technologies within New South Wales against the monthly generation of variable renewable resources including small scale rooftop....
Energy storage and flexibility
The Capacity Market (CM), introduced under the Electricity Market Reform (EMR) policy programme is designed to ensure security of electricity supply in GB. This is done by providing payments – determined through a competitive auction– to generators and eligible demand side response (DSR) and can encourage existing plant to remain...
Energy storage and flexibility
To say the transition is well and truly underway in the Australian NEM is not exactly news. In the last year alone, renewables have delivered record shares in generation mix across the NEM. Whilst solar is the technology often in the news given its impact on both operational demand, mid-day...
Energy storage and flexibility
At 11pm on 1 October National Grid ESO debuted its new frequency response service, Dynamic Containment (DC). This is the first in a suite of new faster-acting response services, designed to address significant frequency deviations when they occur on the transmission system. The roll-out of this new post-fault response...
Net zero corporates and ESG
Ideal weather conditions for wind and solar across the NEM in recent weeks saw renewables hit new highs in the National Electricity Market (NEM). A recent update from the Australian Energy Market Operator (AEMO) indicated that around noon on the 20th of August, wind and solar contributed 11.7GW - 46.5%...
Low carbon generation
The next round of Capacity Market (CM) auctions are set to take place in March 2021, starting with the T-1 (Delivery Year 2021-22) on 2 March followed by the T-4 (Delivery Year 2024-25) on 9 March. The prequalification window for these auctions have been open since 20 July 2020 and...
Low carbon generation
With the release of our latest Renewables Pipeline Tracker Report, this week’s 'Chart of the week' analyses the report findings for repowering and extensions of onshore wind sites in GB. This sector of the market has not as yet seen the same attention from policymakers as new build. However, without...
