From the monthly Report

New Power: NOVEMBER ISSUE OUT NOW

REPORTS

Winter outlook: gas in stock, but electricity margins are tighter

Are electricity investors heading for a crash?

N2EX: UK power price index is transparent and reliable

Public Accounts Committee sets out concerns over CfD “FID-enabling contracts”

FEATURE: Capacity Market portfolio examined

FEATURE: tidal power moves towards commercial deployment

PERSPECTIVE: grant funding and GIB investment should be linked to bridge the “valley of death” or new technology

INTERVIEW: Malcolm Grimston, Imperial College

“The Carbon Price Floor … has already started to dissolve before our eyes”

“it’s not as if we have just discovered that storage would be nice to have .. That’s been the holy grail for well over a century”

 

All this and more in the November issue of New Power. For more details and a sample issue contact subscriptions@newpower.info

New Power: OCTOBER ISSUE OUT NOW

Levy Control Framework: fears over 2016 allocation

Scottish referendum: big questions remain

Supply margins: are we frightened yet?

David Gray: I would have referred the industry to CMA earlier

 

FEATURE: Contracts for difference explored

“This budget is disappointingly small. The pot 2 budget … is not enough to support a full-scale Round 3 offshore wind project.”

 

DATA: Energy from waste projects, planned and in operation

 

INTERVIEW: Fiona Cochrane, head of regulated utilities policy, Which?

“We don’t have much confidence that you can rely on [wholesale market] prices, because of the way they are produced.

“Smart metering will help people understand the energy they use. Whether they go on to use less energy is a different question.”

 

All this and more in the October issue of New Power. For more details and a sample issue contact subscriptions@newpower.info

New Power: SEPTEMBER ISSUE OUT NOW

In this issue:

SURVEY: which political party has a fully worked out energy policy?  “None of them”, say energy industry stakeholders

ANALYSIS: Ofgem wants more “smart” savings from electricity networks

REPORT: New rules being finalised – an update on codes for Europe’s electricity  internal market

FEATURE: Initial submissions to the Competition and Markets Authority

FEATURE: What does EMR mean for cashflow?  CfDs and the Capacity Mechanism raise questions over growth. INTERVIEW: Mark Ripley and Cordi O’Hara, National Grid

DATA: Power Project Monitor

 

This and much more in the September issue of New Power

Not a subscriber? For details contact office@newpower.info

New Power: AUGUST ISSUE OUT NOW

INTERVIEW: George Grant, Watt Power

“We don’t really have a market at the moment. We have inadvertently ended up with a central buyer again. The government is wondering a little bit how we got here”

“We are bringing back the capacity mechanism but there is huge uncertainty over how that is going to play out.  How is everyone going to bid, what’s the price going to clear at?”

FEATURE:  European markets in hunt for capacity

“The Commission is in a quandary… Member states are doing their own thing to meet their own needs but there is concern that the patch- work of models won’t tie together.”

FEATURE: rare metal supply: is it a risk in the power sector?

“You find all 17 rare earths in varying percentages and you need a market for all of them. Finding a deposit that has the right balance [to reflect the market for each metal] is hard and we don’t have the processing capacity to do that complicated separation”

 FEATURE: CCS wins political and grant support

“The Labour Party sees CCS as both a key decarbonisation technology and a new industry for the UK”

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info

New Power: JULY ISSUE OUT NOW

 

INTERVIEW: Bill Bullen, Utilita

The problem with the DCC is that it will stifle innovation. It is yet another set of rules that have to go through the classic industry change processes”

The big issue everyone has to manage is a sudden demand for cash.  If you go into the market unhedged, market prices could suddenly go up and you have to buy, it gives you a huge cashflow problem.”

ANALYSIS:  PPA market growth is real but fragile

FEATURE: GB’s new capacity market will never look so good again

It is not just that the capacity markets do not provide incentives for these things, but that any attempt to provide that incentive through other means is viewed as potential market manipulation

 FEATURE: Ofgem is seeking trading arrangements that are fit for the future

“Clearly, the regulator had concerns that complexity could fall into chaos”.

DATA: Offshore Wind Project Index

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info

New Power: JUNE ISSUE OUT NOW

INTERVIEW: Volker Beckers

If we can’t invest in renewables as venture capital, then we will set up our own business”

“The biggest PPA issue has always been and still is the provision of collateral.”

ANALYSIS:  Political influence on market design

FEATURE: Government and industry struggle to manage the success of PV

“Ofgem’s estimate that 198MW had been connected in the quarter was out by almost an order of magnitude”

FEATURE: Is the infrastructure planning system helping the lights stay on?

“An Act that a cynic might say was designed to deliver a third runway at Heathrow Airport and a new generation of nuclear power stations is instead shepherding a whole host of giant offshore wind farms mostly forming part of the Crown Estate’s ‘Round 3’ of site awards”.

DATA: Power Project Monitor

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info

New Power: MAY ISSUE

INTERVIEW: Gordon Edge, Policy Director, RenewableUK

“I don’t think it’s any surprise that we are getting nervousness from onshore and offshore wind companies that they are not going to deliver what is in their business plans.”

“What was really unwelcome about the Miliband gambit was that it immediately destroyed any semblance of there being consensus”

ANALYSIS:  State Aid: direction is clear, details are not

FEATURE: Will marine renewables reach 100MW?

FEATURE: Shale gas plays and political flashpoints

FEATURE: No guarantees on ‘learning effects’

“It is likely that the over-optimistic cost forecasts seen in the offshore wind sector had important UK policy implications and that if analysts in the early 2000s had been predicting serious escalations in future costs it would be hard to imagine the same level of government enthusiasm for UK Rounds 2 and 3.”

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info

 

New Power: APRIL ISSUE

INTERVIEW: STEVE RILEY, chief executive, GDF Suez Energy, UK-Europe

“There has been an investment hiatus. I think EMR has taken longer than most people would have expected at the beginning and during that period you have seen very little progress.”  

“I think it’s possible that by shortly after 2016 the margins will be tighter than they have been, …. But that in itself I don’t think is a particular problem, because capacity margins have been so high since 2007.”

ANALYSIS:  Can the UK take a lead on CCS? Exploring the global context

REPORT:  Budget measures will hit renewables investors

REPORT: Public Accounts Committee probes infrastructure spend

“there is a failure by government to assess the impact on consumers” of total spend across energy, water, telecoms, transport and other infrastructure”

FEATURE: Are we building the right kind of flexibility into energy markets?

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info

New Power: MARCH ISSUE

DATA: POWER PROJECT MONITOR

INTERVIEW: Alan Whitehead MP

There is a “Bit of a vested interest in everyone being convinced the lights will go out tomorrow and we can only get over it by having this capacity mechanism.”

“Hinkley Point was going to come on line in 2018 and there would be one new reactor every 9 months. That was always nonsense and is clearly nonsense now”

ANALYSIS:  Janet Wood looks at the pros and cons of changes to the Carbon Price Floor

“Perhaps the biggest threat to the effectiveness of the price floor is whether investors will trust successive governments not to change the targeted carbon price trajectory.”

REPORT:  How does wind turbine performance deteriorate over time?

FEATURE: Scottish independence: examining the energy issues

 

This and much more in this month’s New Power.

Not a subscriber? For more details: office@newpower.info