Renewable generator revenues fall due to Covid-19 lockdown
Research from Cornwall Insight’s Green Power Forecast has revealed there has been a sharp decline in generator revenues during the coronavirus crisis.
Research from Cornwall Insight’s Green Power Forecast has revealed there has been a sharp decline in generator revenues during the coronavirus crisis.
With a large proportion of specific sectors throughout Ireland having either closed or scaled back their operations due to Covid-19, Cornwall Insight has noted a significant drop in Ireland’s electricity demand on weekdays.
Research from Cornwall Insight’s Domestic market share survey for the first quarter of 2020 has shown a shake-up of the rankings that is unprecedented in the survey since its launch.
As a result of the government-imposed lockdown, energy demand for power has fallen dramatically, declining by 0.10TWh against March 2019. Research from Cornwall Insight predicts that if this 0.10TWh decline is maintained across the originally announced three-week lockdown, the aggregate impact of
Research from Cornwall Insight has highlighted that a day after the government imposed lockdown, energy demand was down 13% across the day (Wednesday 25 March).
Last year there were around half a million SMETS2 smart meters installed and almost 12 million SMETS1 meters deployed. A year on, SMETS2 installs have ramped up, according to Cornwall Insight.
On 9 December, the UK experienced a negative day-ahead trading price for the first time, with prices for 03:00 AM to 04:00 AM UTC delivery on the hourly day-ahead auction dropping to -£2.84/MWh. James Brabben, wholesale manager at Cornwall Insight, looks at
According to Cornwall Insight, some energy suppliers are adopting winter weighting to reduce debit balances.
Cornwall Insight is calling for suppliers to maintain focus on their smart meter rollouts to meet the new installation goal from BEIS.
The latest insight paper from Cornwall Insight, The future of UK heat networks – critical comparisons with European markets, examines the development of heat networks within the UK and highlights what lessons can be learnt from other markets.
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