Posted on: 07/06/2021
May was a record-breaking month for wind generation causing negative system prices
Head of Sales Trading, Fanos Shiamishis looks back at the power and gas markets throughout May, while Head of Spot Dispatch Trading, Simon Kneale explains why generators were asked by National Grid ESO to increase generation rather than reduce, which led to consistently high system prices throughout the month. We also experienced a record-breaking month for wind generation.
Gas and power prices
Power prices have been increasing over the month, with an in-month high for Winter-21 on the 14th ...
Posted on: 21/05/2021
UK’s new ambitious target to cut national emissions by 78% by 2035, by Robert Groves CEO
With COP26 on the horizon, the UK Government has set ambitious net-zero targets for 2035. Chief Executive Officer, Robert Groves, shares his thoughts on the opportunities that UK businesses have to be part of the net-zero transition and the important role that renewables and flexibility will play to support efforts to reach the Government’s new target.
Following the recommendations of the Climate Change Committee, Prime Minister Boris Johnson has committed to legislate a new target to cut...
Posted on: 11/05/2021
Spotlight on Hydro: How can your PPA help you capitalise on market movements?
Head of Smart Generation, Angus Widdowson, explains how independents can capitalise on volatile market movements with the right PPA and how trading technology advancement is opening up even more opportunities for renewable independent generators.
SmartestEnergy has been shaping the energy landscape for 20 years, having launched as a PPA (Power Purchase Agreements) business in 2001. We have been supporting independent generators and helping them get the most value from the wholesale market via ...
Posted on: 04/05/2021
A record-breaking Easter Bank Holiday for Renewable generation pushes system prices into negative territory
Head of Sales Trading, Fanos Shiamishis looks back at the power and gas markets throughout April, while Head of Spot Dispatch Trading, Simon Kneale explains negative system prices on Bank Holiday Monday 5th April, when system prices drop to -£45 as an impressive 80% of Britain’s power came from zero-carbon sources.
Gas and power prices
With April classified as the coldest April in the UK on record for the last 60 years, demand across power and gas increased, with Winter-21 power prices...
Posted on: 26/04/2021
Non-commodity costs make up nearly two thirds of a typical I&C business electricity bill
By October 2023 non-commodity costs could make up almost two thirds of a typical I&C business electricity bill, according to our expert price forecasts presented in our latest Non-Commodity Costs webinar. Strategic Account Manager and host of our popular Non-Commodity Cost webinars, Mark Cox, recaps on the highlights from our April webinar.
It’s the start of a new financial year, lockdown restrictions are finally easing and in the energy sector, the Targeted Charging Review (TCR) is the hot ...
Posted on: 26/04/2021
Generator Revenue Streams: Our latest projections
With a reduction to embedded benefits, in line with Ofgem’s Targeted Charging Review (TCR), generator revenue streams have changed significantly over the last couple of years. James Clark, host of our Generator Revenue Streams webinar, provides an overview of the key price changes we forecast for generators and some additional revenue opportunities, since the approval of the P375 code modification.
In our Generator Revenue Streams webinar, which took place on the 21st April, I looked at the...
Posted on: 23/04/2021
Celebrating 20 years of SmartestEnergy with Viridor – our longest PPA customer
This year marks SmartestEnergy’s 20th anniversary. We’re proud of the long-standing relationships we’ve built with our customers, one of the longest being with recycling and waste management businesses, Viridor. Senior Business Development Manager, Matt Neve looks back at our commercial partnership spanning nearly 20 years and shares how Viridor has grown and diversified.
Viridor operates a generation portfolio of around 300MW, traditionally from landfill gas output and increasingly, more...
Posted on: 15/04/2021
Triads peaks for 2020/21 confirmed
Now that National Grid ESO have published the Triad peaks for Winter 2020/21, Strategic Account Manager, Mark Cox confirms the triad peaks and recaps on the benefits of Triad avoidance for I&C businesses. But could 2021 be the last year for Triads?
What are Triads?
Triads are the three highest half hourly periods of demand, 10 days apart, usually between 4pm-7pm throughout November to February.
These three half hourly periods cover the cost of running the transmission network, also...
Posted on: 12/04/2021
SmartestEnergy Business - Lockdown restrictions lifted, on the road to business recovery
With lockdown easing across parts of UK today, it’s encouraging to see that many small businesses will start to reopen their doors again. Small businesses are vital for the national economy and even more so to their local communities. It is critical that they can bounce back from the impact of COVID-19. Some will require significant financial support to recover and whilst energy costs can have an impact on a business’s cash flow, SmartestEnergy Business is doing what it can to ensure it is a...
Posted on: 06/04/2021
Easing Lockdown Restrictions support recovery trend for Summer-21 power and gas prices
In this month's power market update, Head of Sales Trading, Fanos Shiamishis and Trading Analyst, Leo Burdorf look at power and gas markets throughout March, where easing lockdown restrictions have supported a price recovery trend, despite LNG shipment disruption by the "Ever Given" blockage on the Suez Canal.
Gas and Power Prices:
Prior to the last day of trading, Summer-21 power price peaked on the 15th March, reaching £55.25/MWh, the highest since 13th January when the baseload price...