After the publication of Project Ireland 2040 and Climate Action Plan 2019, it looks increasingly likely that renewables will be a significantly larger proportion of the generation mix. This development has and will increasingly see renewable projects look to the wholesale power market to underpin investment, a complicating factor of this will be price cannibalisation. This blog seeks to look back at the power market throughout 2019 to observe the potential impacts of price cannibalisation in the SEM, along with identifying additional causes.
Related thinking
Low carbon generation
Our Renewables Pipeline Tracker: In with the new – scoping projects and progression through planning stages
Our latest Renewables Pipeline Tracker was published on 11 June, and this blog provides a summary of some of the recent developments in our coverage of the pipeline for new build and repowering renewables assets in GB. What’s new? Seabed leasing rounds, scoping projects and CfD announcements Since our previous...
Commercial and market outlook
Data centres predicted to become prosumers of electricity
In combination with Cornwall Insight and Bit Power, Host in Ireland published its Biannual report of Ireland’s Data Hosting Industry. The report highlights the importance of sustainability in Ireland’s digital transformation. The report confirmed the number of operational data centres in Ireland increased by 25 per cent over the past...
Commercial and market outlook
In the midst of the Australian Energy Transformation Process
Australia is in the midst of an energy supply and distribution transformation. This transition is twofold and includes not just bridging the gap from conventional fossil fuels to renewable technologies (due to their reduced carbon footprint, lower levelized cost of energy and improved reliability levels by comparation), but also requires...
Low carbon generation
Nuclear energy and its potential importance for net zero
This article was originally written as a longer piece in Energy Spectrum on 21 March 2021. To find out more about a subscription to Energy Spectrum, please contact Nick on n.palmer@cornwall-insight.com. Nuclear energy has been an integral part of the UK’s electricity system for many decades. Currently, nuclear provides around...
Announcement
GB consultancy: Our 2020 highlights
We are independent commercial advisors to over 300 energy companies from generators, project developers, energy suppliers, network companies, investors, government departments and professional firms. Our team has over 40 years of energy market experience and works across the whole energy chain. Here is a small selection of our work in...
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...
Commercial and market outlook
SEM articles of the year: All I want for Christmas is RESS-2
With COVID-19 dominating our everyday lives, we saw similar trends in our most popular articles for the year. Demand shifts were observed in domestic and industrial settings with working patterns shifting from offices to homes all around the country. It was also a landmark year for the renewables industry with...
Low carbon generation
Renewables Pipeline Tracker: Higher, faster, stronger – the changing nature of offshore wind
Having released our October 2020 Renewables Pipeline Tracker report, which covers the latest developments for pipeline renewables sites across GB, this blog explores our recent findings on the pipeline and in particular offshore wind. The Renewables Pipeline Tracker is updated quarterly and includes information across over 1,000 prospective renewables sites...
