The final qualification results for the upcoming 2023/24 T-4 Capacity Auction were published on the 3 April. In this week’s blog, we consider what these qualification results tell us.
Related thinking
Energy storage and flexibility
Glory Days – T-1 auction clears at £45/kW
To say the T-1 Capacity Market (CM) auction clearing at £45/kW per year was a surprise feels like an understatement. It looks like a major windfall for successful participants in the auction – many are asking just what happened? Easy money Until February, it looked like prices would clear at...
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...
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,...
Low carbon generation
RESS-1 application closing date is further extended
With a lot of uncertainty around the impacts of COVID-19 on global supply chains and renewable project delivery we are starting to see the effects in the Irish Energy market, notably the announcement that prequalification for the Renewable Energy Support Scheme in Ireland will be extended. In December 2019, the...
Energy storage and flexibility
Tootsie slide: Demand drop
Since both governments of Ireland have restricted movement in the light of COVID-19, we have observed changes to working patterns. This has subsequently resulted in a reduction and shift in demand profile for the island of Ireland. This week's blog looks at demand reduction since COVID-19 restrictions have been in...
Low carbon generation
The Pain: SEM prices get low
It is easy to forget that this weekend is Easter where a large part of the country will have a 4-day weekend. This year the demand levels are still trending down as restrictions due to COVID-19 become ever tighter. So what will this mean for the electricity generators? This week’s...
Energy storage and flexibility
Changes: Demand falling in SEM
With the unexpected arrival of coronavirus there has been significant a shift in human behaviour. We are now two weeks removed from the Irish Government’s instruction to close schools and message advising businesses to allow employees work from home where possible, we wonder what has the impact been on energy...
