mutualisation

  • Regulation and policy

    Calm before the storm? 2021 energy supplier compliance developments

    The latest update to our Energy Supplier Compliance Portal went live on 4 May and includes changes to the compliance landscape during February to April 2021. While the previous quarter’s update reflected new principles resulting from Ofgem’s Supplier Licensing Review (SLR) and protections for prepayment meter customers facing self-disconnection, Q121...

  • Home supply and services

    Plus ça change, plus c’est la même chose: the RO late payment deadline

    Today (11 November 2020) Ofgem has confirmed that there will be mutualisation of the 2019-20 Renewables Obligation. On Monday, in our 'Energy Spectrum' Perspective, we explained to customer’s why this was important and likely and what it means for the energy industry. Find out more about a free trial to Energy...

  • Low carbon generation

    Mutualisation? Oversupply? Banking? Latest developments in the ROC market

    We track the ROC markets closely through our within-year and long-term market forecasts of ROC values and supplier costs. In this blog we provide a view on the latest market developments and our current forecast levels. If you are interested in the Renewables Obligation, or our market forecasts for the...

  • Low carbon generation

    Guess who’s back? The Capacity Market and what happens next

    On 24 October, the European Commission (EC) announced its decision to approve the GB Capacity Market (CM) after an investigation which lasted several months. While this is a positive outcome for holders of capacity agreements, the ~£1bn ‘back-payment’ bill comes at a difficult time for suppliers, who are facing up...

  • Low carbon generation

    Renewables Obligation Mutualisation Looms again

    The end of October marks the end of the annual Renewables Obligation (RO) compliance period, where electricity suppliers that have not already fulfilled their obligation must make payments into the ‘late payment fund’. As we saw last year the spate of supplier exits from the market created a shortfall in...

  • Commercial and market outlook

    Five things we learnt from Energy Spectrum | 657

    An increasing number of interventions, including new mutualisation events, are likely to cause shocks in energy third party charges in the coming years. That is the conclusion of this week’s Energy Perspective, in which we explore the current level of these costs for policy and networks, focussing on changes for...

  • Low carbon generation

    New RO buy-out price confirmed amid expectations of mutualisation for a second year

    Ofgem has published the Renewables Obligation Certificate (Roc) buy-out price and Mutualisation Ceilings for compliance period (CP) 18 of the scheme. On 21 February it confirmed the buy-out price will be £48.78 per Roc, a 3.3% uplift on the previous year, in line with RPI inflation. This is the amount...

  • Home supply and services

    Cornwall Insight: extraordinary retail market update

    Following a series of important developments announced today, this Cornwall Insight extraordinary update covers: New information released by Ofgem on RO buy-out fund mutualisation, including coverage of enforcement action against Spark and Economy EnergyThe announcement that Extra Energy goes in to supplier of last resortSummary of a consultation launched by...

  • Low carbon generation

    FiTting up RO mutualisation?

    There is no official announcement so far about whether all suppliers have now paid their 2017-18 Renewables Obligations (ROs) in full. Reports in the press today state that one supplier has not paid £14.4mn it owes to the late payment fund, and is in merger talks with another medium-sized supplier....

  • Low carbon generation

    As the witching hour approaches, RO mutualisation looms

    Halloween is just a week away, and it is rapidly taking on a rather other-worldly significance for suppliers. This is because Ofgem reported yesterday that, based on supplier compliance under the Renewables Obligation for 2017-18 (CP16), there has been a significant shortfall by suppliers who have not submitted ROCs and...