SMM Global Tier1 ’s Post

Flower controls over ⅔ of the BESS FCR-N market – why is this important for asset owners? 🔋 Energy trading with BESS in Sweden has in recent years largely been dominated by the FCR-D Up and Down markets. 📈 Official data from Svenska kraftnät show that the FCR-N market is now also growing rapidly, reaching 90 MW in total prequalified BESS volume in the past few months. 🚀 Flower controls 65,2 MW of that capacity, a whopping 72% of the market, marking yet another example of why Flower is leading the way in the Swedish energy trading sphere. 💡 For asset owners, partnering with a market leader that has wide access to energy markets beyond FCR-D and a deep energy trading expertise is vital to stay at the forefront of market developments. It also provides a way to secure new revenue streams and future-proof long-term investments. Learn more and get in touch at flower.se #BESS #EnergyTrading #MarketLeader

Chart of the month: REGO price for the current compliance period (CP22) crashes following late auction in the post-GO-Brexit market. In the latest REGOs and ROCs auction conducted by ePower on 19 June 2024, the market experienced a significant crash. CP22 REGO prices dropped from £14.30/MWh on 17 June to £3.75/MWh on 20 June (-74%). Senior Analyst Kumara Rathnam at Veyt argues that holding the auction so close to the disclosure deadline after most market players have balanced their portfolios caused an oversupply in the now isolated REGO market. The REGO submissions deadline for Fuel Mix Disclosure (FMD) is 1 July. Despite this, long-term impacts on future vintages (CP23, CP24, and onwards) are not expected. For more insights on renewable energy markets, contact us at contact@veyt.com. #Renewableenergy #REGO #markettrends

📉CP22 REGO prices recently dropped 74% (from £14.30/MWh on 17 June to £3.75/MWh on 20 June) after the late auction in the post-GO-Brexit market! Kumara Rathnam (Veyt) argues that holding the auction so close to the disclosure deadline after most market players have balanced their portfolios caused an oversupply in the now isolated REGO market. The REGO submissions deadline for Fuel Mix Disclosure (FMD) is 1 July. Despite this, long-term impacts on future vintages (CP23, CP24, and onwards) are not expected. For more insights on renewable energy markets, contact our team at contact@veyt.com. #Renewableenergy #REGO #markettrends

What is the future of energy trading? It's a question that is often asked and one we have been exploring for a while with our clients. Certainly the increased use of renewable energy sources brings the need for new data-driven technologies to manage them, efficiently and competitively. It's a space Digiterre has played in for many years. Have a look at our recent video in which Rajesh Jethwa talks to industry veteran and Senior Advisor at Digiterre, Mark Pickering about his views of the industry, and he even stares into the crystal ball to give a few predictions. Watch now: https://lnkd.in/d_qcdTPU #FutureOfEnergyTrading #EnergyTrading #TradingTechnology

📚  Case Study Spotlight at the 10th Annual Energy Cross-Border Trading and Balancing Market Forum! Join us as Philippe Vassilopoulos, Director of Product Development at EPEX SPOT, shares exclusive insights after six months of Pan-European IDAS operations. Case Study: EPEX Experience After 6 Months of PanEU IDAS Operations In this timely session, Philippe will discuss: 🔍 The growing complexity of balancing the system and managing congestion Critical tools and products developed by EPEX Spot to manage risks and support a smooth transition for market participants How the accelerating energy transition—and increasing weather dependency—impact market resilience Discover strategies to help navigate these challenges and support a stable energy market during a time of rapid transformation. Don’t miss this opportunity to gain firsthand insights on innovations in congestion management and balancing in the evolving energy landscape 👉 https://lnkd.in/g7hxqJ6W #EnergyTransition #BalancingMarkets #CrossBorderTrading #EPEXSpot #EnergyForum #EnergyMarkets #PowerMarket #RenewableEnergy

New energy price cap to be revealed by Ofgem: On May 24, regulator Ofgem is scheduled to publish the new energy price cap, which may result in a cut in average family bills of more than £100. Cornwall Insight analysts forecast that the cap, which is now set at £1,690 annually, may drop to about £1,559 for the July–September period. #CornwallInsight #Editor’sPick #energybills #energyconsumption #energycosts #energycrisis #energydemand #energymarket #energymarkets #energypricecap #energyretail #Energysecurity #energysupplier #energysupply #energytariff #Finance #standardvariabletariffs #standingcharges #TopStories #UKenergy #ukenergynews #wholesaleenergy

We are pleased to announce that Fidra Energy, a European battery energy storage system (BESS) platform headquartered in Edinburgh, UK, has secured planning consent to build and operate its flagship battery storage site at Thorpe Marsh, Yorkshire. The 1,400MW project will be the largest battery storage project in the UK, and one of the largest in Europe. Read More: https://lnkd.in/gheYZYzA #EIG #Fidra #UK #BatteryStorage #Thorpemarsh

Great news for this landmark European renewable energy project! New End’s strategic focus on Energy Infrastructure and Transition is best illustrated by our multi-year capital advisory collaboration with EIG. We are excited that our partner EIG has secured planning consent for Fidra Energy’s flagship 1,400MW battery storage project at Thorpe Marsh, Yorkshire. As the largest battery storage site in the UK and one of the biggest in Europe, this project is set to play a pivotal role in the energy transition. This marks a significant step forward for UK's energy security, grid stability, and transition to Net Zero, with the deal further strengthening EIG’s impressive track record in energy transition investments. At New End we value the opportunity to support this transformative energy infrastructure investment. #EnergyTransition #BatteryStorage #Infrastructure #SustainableInvestment #UKEnergy #NetZero

🚨 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝𝐬 𝐉𝐮𝐥𝐲 ‘24 – Pexapark'𝐬 𝐄𝐔𝐑𝐎 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐞𝐧𝐝𝐞𝐝 𝐚𝐭 51.6 𝐄𝐔𝐑/𝐌𝐖𝐡, 𝐮𝐩 3.1% 𝐟𝐫𝐨𝐦 𝐉𝐮𝐧𝐞. 💡 𝐃𝐄 𝐏𝐖𝐑, 𝐓𝐅𝐅, 𝐀𝐏𝐈2 𝐜𝐚𝐥25 climbed a few stairs, with the Dutch TTF cal25 rising to a 7-week high over July 💡 𝐄𝐔𝐑𝐎 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 was up 3.1% month-on-month, with France and Nordics depicting the largest gains 💡 On the 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐟𝐫𝐨𝐧𝐭, GB has our attention after the set up of two institutional bodies, GBE and NWF, and a 50% increase to the next CfD round budget Existing 𝐏𝐞𝐱𝐚𝐐𝐮𝐨𝐭𝐞 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞𝐫𝐬 can catch-up with the latest PPA pricing trends by accessing our latest PPA Times Edition directly from your account 👉 https://lnkd.in/eardtbMw If you don't yet have an account with us, follow this link to create your free account 👉 https://lnkd.in/d5H6VEv #ppa #renewableenergy #renewables #marketintelligence #ppatimes #ppaprices

In just a year, the ERCOT power storage market has shifted dramatically from a seller's market to a buyer's market. In 2023, nearly any project across ERCOT could attract buyers, but today, investors are asking tougher questions. Next week, Alden and I will join a webinar hosted by Energy Storage News Co to discuss these evolving market trends in both ERCOT and CAISO. We’ll dive into advanced trading strategies to enhance P&L and share our perspectives on the asset types we're most optimistic about.