Electricity price predictions
@transparent Thats really helpful Can I summarise what I 'take away' to test if Ive got it rioght
Posted by: @transparentLet's recognise that NESO isn't well placed to make decisions on the 90% of the electricity network which operates at 11kV. It isn't monitored, nor are the local substations which it supplies.
Thats key then. You have said that the 11kV network is the 'main problem' but we dont have any data to monitor it. Thats a bit pants. Is there a reason why voltage data from smart meters cant be used?
Posted by: @transparentConnecting renewable generation/storage sites at the higher voltage levels is easy to assess for upgrades. There's data available for these routes and it's easy to check a map which shows cable routes which are already overloaded. The DNO simply declares that an upgrade is required, for which the DNUoS element in consumer bills must be increased. Ofgem agrees because there's no alternative being presented.
OK so this is monitored and thus its an easier decision, however are you saying that anyone has the right to connect their generation anywhere and the public must pay for the upgrade of the transmission network to allow them to do so?
Posted by: @transparentThere's no regional energy plan in place to allow strategic decisions to be made. Companies wishing to add yet more generation simply refer to 'Government policy' to meet Net Zero, and apply pressure to ensure that their applications can't be rejected at the Planning stage.
The earliest that a Regional Energy Strategic Plan could be created is 2029, because NESO need until the end of 2028 to create the maps, governance and methodology on which such a plan could be built.
That half answers my previous question but then it implies that the underlying problem with regulating the transmission network is the time it takes to create a strategic plan, which begs the question - if its needed now (is it?) why wasn't it started earlier (dont feel obliged to answer that).
However returning to what you say is the biggest problem, the 11kV network, we dont have any monitors so we dont know whats going on so we cant make good decisions seems to be the message.
Im still none the wiser how nodal pricing contributes to solving either problem. Is that another reason it was rejected, there isn't an easily understandable reason for it that solves a known problem?
Have I misunderstood anything?
4kW peak of solar PV since 2011; EV and a 1930s house which has been partially renovated to improve its efficiency. 7kW Vaillant heat pump.
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