Newer renewables already tend to be on CfDs, but older ones tend not to be. Pushing more old renewables onto CfDs should make prices much more stable
Newer renewables already tend to be on CfDs, but older ones tend not to be. Pushing more old renewables onto CfDs should make prices much more stable
3/27 assets.publishing.service.gov.uk/media/6385d8...
3/27 assets.publishing.service.gov.uk/media/6385d8...
buff.ly/vFvI1En
buff.ly/vFvI1En
A physical market forcing event will eventually lead to mechanical selling but nobody wants to pre-position for that because it will be very brief.
A physical market forcing event will eventually lead to mechanical selling but nobody wants to pre-position for that because it will be very brief.
But 2-sided CfDs is only mechanism that provides both downside protection for investors & upside protection for consumers. Monika Morawiecka at @regassistproj.bsky.social on how to design 2-sided CfDs well.
blueprint.raponline.org/deep-dive/co...
But 2-sided CfDs is only mechanism that provides both downside protection for investors & upside protection for consumers. Monika Morawiecka at @regassistproj.bsky.social on how to design 2-sided CfDs well.
blueprint.raponline.org/deep-dive/co...
Subsidies for legacy and new renewables (CfDs) added costs, while the capacity market aims to back up renewables.
Subsidies for legacy and new renewables (CfDs) added costs, while the capacity market aims to back up renewables.
Carrot: Offer fixed-price "wholesale CfDs" to old renewables, replacing wholesale ££ but not RO top-up
Stick: Higher windfall tax of 45–>55% on 1 July for old renewables/nuclear
1/3
Carrot: Offer fixed-price "wholesale CfDs" to old renewables, replacing wholesale ££ but not RO top-up
Stick: Higher windfall tax of 45–>55% on 1 July for old renewables/nuclear
1/3
windeurope.org/news/success...
windeurope.org/news/success...
- solar farms in the UK are no longer easy money. There's no FiT and the CfDs are competitive.
- most take merchant risk, and may lose money. This is generally unacceptable to the public.
- it's fine to profit from providing real solutions (eg to high energy prices).
- solar farms in the UK are no longer easy money. There's no FiT and the CfDs are competitive.
- most take merchant risk, and may lose money. This is generally unacceptable to the public.
- it's fine to profit from providing real solutions (eg to high energy prices).
¿Por qué prefieres CfDs privados a los públicos?
¿No será que las subastas permiten entrar a empresas generadoras y comercializadoras pequeñas al eliminar barreras de entrada que tienen los PPAs privados?
¿Por qué prefieres CfDs privados a los públicos?
¿No será que las subastas permiten entrar a empresas generadoras y comercializadoras pequeñas al eliminar barreras de entrada que tienen los PPAs privados?
Well, if you cancelled the more recent CfDs: no!
The CfD prices under the most recent successful auctions (AR4 in 2022 and AR6 in 2024) are below the price of wholesale electricity
Well, if you cancelled the more recent CfDs: no!
The CfD prices under the most recent successful auctions (AR4 in 2022 and AR6 in 2024) are below the price of wholesale electricity