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Following the recent Government decision to reject zonal pricing, @cmaciver11.bsky.social and Robert Gross why the Government decided not to proceed with zonal pricing plan, and what their focus should turn to.
ukerc.ac.uk/multimedia/t...
There is quite a bit of low hanging fruit associated with simply getting BMU's to submit correct data to NESO (which they can be surprisingly bad at) and to properly engage in the BM itself.
NESO have made a big push to get these assets to offer reasonable prices in the BM to be kept on to manage big cliff edge drops. This has started to work. One of the issues was a lot of wind would just submit default turn up offers of 9999 all year regardless of situation...
Our latest blog takes a closer look at why curtailment costs are soaring, and how network availability plays a pivotal role.
Read it in full below⤵️
@cmaciver11.bsky.social @strathcep.bsky.social
ukerc.ac.uk/news/transmi...
So I think what we're saying is Greg Taylor is going to see off KT as well and remain the 1st choice left back for all eternity.
I made a surprise TV debut on Friday's BBC Scotland News at 7 show, responding to Greg Jackson's pitch for zonal pricing
UKERC models the impact of zonal pricing on CfD auctions needed to hit CP30.
Implementing zonal pricing when transmission build is uncertain puts the cart before the horse, exposing investors to unnecessary risks, pushing up strike prices by up to £20/MWh.
ukerc.ac.uk/publications...
Yes, for much of recent history pre 2020 when gas prices were relatively low and stable, nuclear for example would be selling on rolling 1-2 year forward contracts that just about undercut the prevailing market rate but no more...