The Capacity Market (CM) was seen as a good/stable income stream for grid-scale battery projects worth around £20k per MW p.a. However, a recent decision by the Government has just blown a hole in potential new capacity market contracts!
You’ve got a generating station - perhaps it’s renewable (such as wind or solar) or perhaps it’s a battery bank - but, you have a constrained network connection meaning you can’t always export everything that you generate.
Do you know…
It can be well worth checking.
Two new grant funds were launched yesterday from the Rural Development Programme for England (RDPE), seeking to help support agricultural and rural business under the Countryside Productivity scheme.
The TRIAD season is almost upon us once again. It’s time for another look at the outcomes of previous seasons which assist you in either avoiding TRIAD demand periods if you import electricity or hitting them if you export electricity.
Last TRIAD season, the government’s plans to steadily reduce TRIAD income available to generators were finalized, and the first step in reducing the rates was implemented. Export payment rates saw an average reduction of approximately 35% when compared to the previous year, though some areas experienced a much higher reduction than others.
This summer has been labelled as the “greenest” on record for energy by the National Grid because 52% of the UK’s electricity requirement was met by low carbon sources, the highest percentage yet, and a great achievement considering that four years ago it was only 35%.
Back in March this year OFGEM announced their final decision to remove (as good as) TRIAD income for embedded generators. I wrote a blog about it, which you can read here.
With renewable energy and energy storage becoming increasingly researched and debated throughout the world, engineers and researchers are coming up with unique ways for storing this energy.
Winter is fast approaching, whether we are ready or not. The onset of winter means that business electricity prices will rise and this year we will also need to be prepared for the introduction of the Capacity Market (CM) and the additional costs that go with it.
