Zonal pricing aims to create regional electricity pricing based on local supply and demand dynamics, rather than maintaining a uniform national price. While this approach may improve market efficiency, it also presents some significant cost and investment risks, especially for consumers located in the traditional industrial areas of the UK. Read more…
Climate Change Agreements (CCAs) are a government-backed initiative, aimed at encouraging energy-intensive businesses to reduce their consumption and greenhouse gas emissions. CCAs operate as part of the Climate Change Levy (CCL) scheme, and offer eligible companies significant discounts on their energy bills in exchange for meeting agreed energy or carbon Read more…
A main objective of COP29 was to create a robust process for tracking carbon credit transactions between countries, and to set a globally recognised standard for the projects associated to those credits. Whilst strides were made towards establishing a suitable trading mechanism, agreement on a quality standard for carbon credits Read more…
A common drawback of any battery technology – whether traditional, or modern – is their use of natural materials. Storing clean energy in something which has a negative environmental impact, and needs to be replaced regularly, is counterproductive. So, what are some alternative storage techniques, and are any of them Read more…
Lithium is not the only option when it comes to battery storage. There are a wide range of technologies, which all vary considerably in terms of their cost, efficiency, suitability-of scale, and stage of development. Sodium-ion Batteries Sodium Batteries have become an emerging rival to Lithium-ion when it comes to Read more…
One of the simplest solutions to our intermittency problem is storage. This is likely no surprise, as battery storage is now commonplace, with figures from the IEA showing an 8-fold increase in capacity since the turn of the decade: Graph per IEA Commercial and domestic renewable generation assets alike will Read more…
Renewable electricity reached almost record levels in Q1-24, producing more than 50% of the UK’s total generation during that period. Based on the rapidly increasing allocations in the latest round of the CFD scheme, the launch of Great British Energy, and COP28’s goal of tripling renewables by 2030, we can Read more…
Changes in Qualifying Thresholds: The criteria for ESOS Phase 4 will change to align with that of SECR (Streamlined Energy and Carbon Reporting). This will likely result in more companies being required to comply with ESOS. If your business meets each of the below criteria, then you will need to Read more…
What is P432, and why is it needed? Introduced by Elexon, the P432 regulation will take effect from April 2024, and follow P272 (which took effect in 2017) as the next phase of the Market-wide Half Hourly Settlement (MHHS) programme. The aim of the MHHS programme is to implement the Read more…
What are REGOs? REGOs (Renewable Energy Guarantees of Origin) are certificates issued to renewable energy producers in the UK, confirming the renewable origin of their electricity. The concept of the certificates is to help regulate suppliers in their fuel mix disclosures, and provide assurance to consumers about the source of Read more…