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Electricity price predictions

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(@jamespa)
Illustrious Member Moderator
Joined: 3 years ago
Posts: 3455
 

Posted by: @transparent

Do you believe NESO when they say that the Offers to Connect (to the grid) are four times what is required to meet decarbonisation of the grid by 2030?

That alone, assuming it's true, suggests that generation is too lucrative.  Which prima facie is at variance with zero bids for a windrarm licence call about 2 years ago.  What's changed, or are we getting too many bids for the wrong kind (IE time characteristics) of generation 


This post was modified 2 hours ago by JamesPa

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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(@batpred)
Reputable Member Member
Joined: 11 months ago
Posts: 206
 

Posted by: @transparent

Posted by: @batpred

[...] consent is often  refused for energy projects. 

[...] What always seems to be missing is sense of urgency. 

Do you there should be urgency to grant consent for more energy generation and storage sites?

Do you have data or evidence to underpin that?

In general, in order for the market to work and drive prices down, oversupply is required, so the more get closer to the finishing line, the better. 

As for evidence: 

Posted by: @batpred

Just to have a power transformation station to bring offshore wind power to Suffolk, 500 documents on various studies were needed. I am not even sure if building started! 

When I talk about lack of sense of urgency, I am thinking about this type of example! 

Posted by: @transparent

Do you believe NESO when they say that the Offers to Connect (to the grid) are four times what is required to meet decarbonisation of the grid by 2030?

Yes, but at the end of the day, NESO has a role to work with the market and with the uncertainty of the planning processes...

I am not familiar with what "offers to connect" means. Is that a commitment? And what % of these projects would have started building?   

 



   
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