gas

  • Montel | UK’s LNG supply dearth set to persist amid Asian demand

    Craig Lowrey Senior Consultant at Cornwall Insight was quoted in Montel discussing LNG supply. The UK continues to face a severe lack of LNG amid still strong Asian demand for the fuel, resulting in growing concerns about gas availability and an inevitable surge in prices. Craig Lowrey, senior analyst at...

  • Press Releases

    Renewables Gas Guarantees of Origins certificate prices continue to fall

    Results from Cornwall Insight’s latest Green Certificates Survey indicate the price of Renewables Gas Guarantees of Origin (RGGO) certificates continues to fall. Relative to the March 2020 survey, the average reported RGGO price has fallen 30% to ~£6/MWh for 2019 vintage RGGOs and dropped 15% to ~£7/MWh for 2020 vintage...

  • Media Mentions

    Engerati | Competition for flexible asset PPA deals on the rise, say analysts

    There is currently around 10.8GW of operational flexible capacity in the GB market. Much of this capacity will be self-traded by the asset owners. However, a growing amount is instead being traded under third-party PPAs/optimisation deals. Our ‘Flexible asset PPA market’ report found that well over 4GW is under some form of...

  • Media Mentions

    ECAtoday | National grid turns to batteries

    Between June and August 2020, the National Grid Electricity System Operator’s (ESO) reliance on battery storage to balance the grid rose by 150 per cent. The figures from our report, also show that the use of gas reciprocating engines increased by 338 per cent, the use of aggregated units increased...

  • Media Mentions

    PowerTechnology | Batteries see 149% increase in Balancing Mechanism activity

    Our ‘Balancing Mechanism report’ has found that accepted volumes in the Balancing Mechanism (BM) from identified batteries, gas reciprocating engines, and aggregated units across June – August 2020 have all increased. Year-on-year, accepted volumes have seen significant rises: batteries volume has risen by 149%, while gas reciprocating engines saw a...

  • Media Mentions

    Bloomberg | Britain Goes Record Two Months Without Coal Power Generation

    Britain has gone a record two months without burning coal, the longest the dirtiest fossil fuel hasn’t been used for power since the start of the Industrial Revolution. James Brabben shared his thoughts with Bloomberg on the reason behind this. He explained that the lowest gas prices for a decade...

  • Media Mentions

    Montel News | UK gas to hit “uncharted territory” in April as virus grips

    Our Senior Consultant Craig Lowery discussed the drop in gas prices due to COVID-19. According to Craig UK gas prices were set to hit “uncharted territory” this month, slumping to fresh lows amid muted demand. He explained that “End-users have scaled back demand, so the requirement for fuel generation has...

  • Press Releases

    LNG changing the UK gas supply mix

    The last quarter (Q119) saw a significant change to the UK’s gas supply mix, as the UK’s gas interconnector imports started to become displaced by a surge in LNG imports. Interconnector imports and LNG send-out have changed from 4.6% and 17.0% of total gas supply in February to 0.1% and...

  • Press Releases

    Gas demand volatility linked to renewables

    On 1st March 2018, when the UK was amid the ‘Beast from the East’, National Grid issued a gas deficit warning for the first time since the system was introduced in 2012. The warning followed multiple gas supply outages, including South Hook LNG terminal, Kollsnes gas processing plant and the...

  • Press Releases

    Gas proxy still relevant in SEM

    Historically, gas prices in Great Britain have largely influenced hedging strategies in the Irish Single Electricity Market (SEM), acting as the proxy commodity of choice. A proxy hedge involves using one commodity in another market with prices that are closely correlated. GB gas prices are chosen due to its inherent...