|
|
e-POWER - the best price for your power Please see a presentation made at the recent British Hydro Association and Renewable UK Conferences outlining the financial benefits for generators who use the e-POWER auction.
Selling Solar at e-POWER Gaynor Hartnell reports in Solar Business Focus on the benefits for PV generators using the e-POWER auction.
e-POWER CfD Auction Unveiled at REA Conference 'At the REA special conference on CfD's on Thursday 11th September Stuart Stephens Commercial Director of the NFPA explained how CfD generators could get the best value for their PPA through the e-POWER auction as well as relying on the e-POWER team to manage daily billing and settlement with the PPA provider and the Low Carbon Contracts Company (LCCC).'
CORNWALL ENERGY ANALYSIS OF WINTER 2014 e-POWER AUCTION RESULTS 'Overall, the winter 2014-15 auction continued to show high levels of demand from suppliers, evidenced by the 20 participants in the auction and 13 bids per contract. An increasing number of suppliers are entering in the e-POWER auction as it a simple and cost-effective route to green power compared with other options, including trading platforms.
e-POWER to sponsor the British Hydropower Association Annual conference We are pleased to announce that e-POWER will be the exclusive sponsor of the BHA annual conference being held at the Thistle hotel, Glasgow on the 28th and 29th of October,
e-POWER AUCTION RESULTS - 14 JULY 2014 The latest on-line e-POWER auction for renewable electricity was completed on Friday 11 July 2014. Two new records were set;
For the first time Anaerobic Digestion and Solar PV generators were represented in the auction. The PPA contract length for the 98 sites was in the main for the winter period 1st October to 31st March 2015, representing some £100m of electricity and renewable benefits. The average prices by technology for the commercial generators are shown below -
Cornwall Energy will produce an independent analysis of these auction results in the coming weeks. Finally updates on the auction were posted on Twitter. Please follow us on @ePOWERrenewable e-POWER offers generators a unique route to the UK electricity supply base whilst it gives suppliers an easy 'One Stop Shop' for the purchase of renewable power. The next scheduled e-POWER auction is due to be held on 29th August 2014 Energy Minister Launches REA's REview Renewable Energy View: 2014 The REAs assessment of the UK renewables market, REA: REview Renewable Energy View: 2014, was launched by Greg Barker, Energy Minister last week (REA Review 2014). e-POWER TWITTER ACCOUNT LAUNCHED @ePOWERrenewable aims to get factual information to you on a regular basis, so that you can relax in knowing that you will get an alert;
Please click here for more details on the type of alerts and other information we'll be tweeting about. FEED-IN TARIFF Please click here to read an article on the benefits of the e-POWER auction for FIT generators, by Gaynor Hartnell formerly CEO of the REA. FEED-IN TARIFF GENERATORS TO USE e-POWER AUCTIONS In an important development for the e-POWER platform, NFPAS-Auctions is delighted to announce that generators under the Feed in Tariff (FIT) scheme can now also auction their export power. FIT generators that are half-hourly metered and over 30kW are able to opt out of the standard scheme fixed rate export tariff. Via the e-POWER auction, it is estimated that these generators could receive in excess of £55 per MWh, a significant premium to the administered fixed rate. Another bonus is that although financiers of new FIT projects may require the security of a long term electricity off-take arrangement, they are usually able to provide finance off the FIT Generation tariff only. This allows the generator to take full advantage of the higher export prices available via e-POWER by opting out of the standard export tariff.
CORNWALL ENERGY ANALYSIS OF e-POWER AUCTION RESULTS Cornwall Energy have produced some interesting analysis on our latest auction for Summer 2014 power. They highlight that the average site sold for 96% of its theoretical maximum value and this compares very favourably with short term PPAs that are 6 percentage points lower and long term PPAs that can be up to 16 pps lower.
e-POWER AUCTION results The latest on-line e-POWER auction of renewable electricity was completed on 29th January 2014. A total of 105 generating sites representing some 510 MW of installed capacity were auctioned. These included an increasing proportion of sites being auctioned directly on behalf of independent generators as well as the statutory NFFO and SRO sites. Commercial PPAs (outside of the statutory NFFO arrangements) now account for almost a third, 150 MW, of the contracts auctioned by e-POWER. This is made up of 115 MW from the latest auction as well as 35 MW that was auctioned on behalf of a generator for a three year PPA back in November 2012. Most renewable technologies are represented amongst the independent generators and they range in size from 85 kW right up to 42 MW. The current e-POWER auction began on Tuesday 28th January with a record 19 suppliers taking part. After a highly competitive auction with an average of 11 bids made per site contracts were awarded to a total of 12 successful bidders. The contracts are for electricity to be produced in the main for the summer 2014 period between 1st April 2014 and 30th September 2014. From this week's auction the average price for ROC inclusive projects was 10.09p/kWh (up 4% on the same period last year) and 5.04p/kWh for those technologies which do not receive ROCs (down 3.8% on the same period last year). The average prices by technology band are shown below-
Next e-POWER
Auction e-POWER offers generators a unique route to the UK electricity supply base whilst it gives suppliers an easy 'One Stop Shop' for the purchase of renewable power.
CORNWALL ENERGY ANALYSIS OF e-POWER AUCTION RESULTS Cornwall Energy have produced some interesting analysis of the last three e-POWER auctions, please click here to download and view the report - Adobe Reader is required to view, please click here to download Adobe Reader. Their analysis shows that compared with typical short term bilateral PPAs that might offer 85% to 95% of full market value, generating sites in the latest e-POWER auction achieved an average of 98.1%. The results were very similar too for the previous two auctions (98.0% and 95.9%). Suppliers are increasingly finding the e-POWER auction a convenient place to buy power with 17 taking part this time compared to 14 in the last auction. This clearly demonstrates that the e-POWER auction represents a truly liquid market mechanism for the trading of short term PPAs. The next scheduled e-POWER auction is due to be held on 28th January 2014. e-POWER
AUCTION results - 11 July 2013 The latest on-line e-POWER auction of renewable electricity was completed on 11th July 2013. A total of 120 generating sites representing some 555 MW of installed capacity were auctioned. These included statutory NFFO and SRO sites but also an increasing proportion of sites being auctioned directly on behalf of independent generators. These purely commercial contracts (outside of the statutory NFFO arrangements) account now for almost a third, 150 MW, of the contracts auctioned by e-POWER. Most renewable technologies are represented and they range in size from 85 KW right up to 42 MW. In addition to the commercial contracts auctioned in this e-POWER auction a be-spoke auction took place late last year for a generator selling 3 years' worth of power from several large Energy from Waste sites. The current e-POWER auction began on Tuesday 9th July with a record 17 suppliers taking part. After a highly competitive auction with an average of 12 bids made per site contracts were finally awarded to a total of 12 successful bidders. The contracts are for electricity to be produced in the main between 1st October 2013 and 31st March 2014. From this week's auction the average price for ROC inclusive projects was 10.81p/kWh (up 10.5% on the same period last year) and 5.53p/kWh for those technologies which do not receive ROCs (up 5.5% on the same period last year). The average prices by technology band are shown below-
Next e-POWER
Auction In our auctions, generators using the service have the option to agree a reserve price for their electricity.
e-POWER
AUCTION results - 02 February 2013 In total 149 renewable electricity sites representing some 714 MW of installed capacity have recently been auctioned by e-POWER. These were mainly NFFO and SRO projects but also included a number of sites being auctioned directly on behalf of generators. The main auction began on Tuesday 29th January 2013 and after a highly competitive auction with an average of 12 bids made per site contracts were finally awarded on 1st February 2013 to a total of twelve successful bidders. These contracts are for electricity to be produced in the main between 1st April 2013 and 30th September 2013. In addition a be-spoke e-POWER auction took place late last year for a generator selling 3 years' worth of power from several large Energy from Waste sites. From this week�s auction the average price for ROC inclusive projects was 9.70p/kWh and 5.24p/kWh for those technologies which do not receive ROCs. The average prices by technology band are shown below-
Next e-POWER
Auction In our auctions, generators using the service
have the option to agree a reserve price for their electricity.
e-POWER AUCTION results - 12 JULY 2012 The latest on-line auction of renewable electricity was completed on 12th July 2012. A total of 170 projects representing some 743 MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday 10th July and after a highly competitive auction with over 2000 bids being made, contracts were finally awarded to a total of fourteen successful bidders, again a large increase in the number of successful bidders from the last auction. The contracts are for electricity to be produced between 1st October 2012 and 31st March 2013. The average price for ROC inclusive projects was 9.78p/kWh, and 5.24p/kWh for those technologies which do not receive ROCs. The corresponding average prices for winter 2011/12 were 10.65p/kWh and 6.05p/kWh. Therefore the winter 2012/13 prices are 8% lower for ROC inclusive projects and 13% lower for non-ROC projects than the same period last year. The average prices by technology band are shown below-
Next e-POWER
Auction In our auctions, generators using the service have the option to agree a reserve price for their electricity. e-POWER AUCTION results - 2 FEbruary 2012 The latest on-line auction of renewable electricity was completed on 2nd February 2012. A total of 179 projects representing some 785 MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday 31st January and after a highly competitive auction with close to 1000 bids being made contracts were finally awarded to a total of ten successful bidders, made up of both large and small electricity suppliers. The contracts are for electricity to be produced between 1st April 2012 and 30th September 2012. The average price for ROC inclusive projects was 9.06p/kWh and 4.82p/kWh for those technologies which do not receive ROCs. The corresponding average prices for summer 2011 were 9.35p/kWh and 4.75p/kWh. Therefore the summer 2012 prices are 3% lower for ROC inclusive projects and a 1.5% higher for non-ROC projects than the same period last year. The average prices by technology band are shown below-
Next e-POWER
Auction In our auctions, generators using the service have the option to agree a reserve price for their electricity. e-POWER AUCTION results - 15 JULY 2011 The latest on-line auction of renewable electricity was completed on 15th July 2011. A total of 210 projects representing some 612 MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday 12th July and after a highly competitive auction with over 1400 bids being made contracts were finally awarded to a total of ten successful bidders, made up of both large and small electricity suppliers. The contracts are for electricity to be produced between 1st October 2011 and 31st March 2012. The average price for ROC inclusive projects was 10.65p/kWh and 6.05p/kWh for those technologies which do not receive ROCs. The corresponding average prices for winter 2010/11 were 9.95p/kWh and 4.73p/kWh. Therefore the winter 2011/12 prices are 7% higher for ROC inclusive projects and a third higher for non-ROC projects than the same period last year. The average prices by technology band are shown below-
Next e-POWER
Auction In our auctions, generators using the service have the option to agree a reserve price for their electricity. e-POWER AUCTION results - 3 FEBRUARY 2011 The latest on-line auction of green electricity was completed on 3rd February 2011. A total of 232 projects representing some 678 MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday 1st February and after a highly competitive auction with over 1300 bids being made contracts were finally awarded to a total of nine successful bidders, made up of both large and small electricity suppliers. The contracts are for electricity to be produced between 1st April 2011 and 30th September 2011 The average price for ROC inclusive projects was 9.35p/kWh and 4.75p/kWh for those technologies which do not receive ROCs. The corresponding average prices for summer 2010 were 8.58p/kWh and 3.55p/kWh. Therefore the summer 2011 prices are 9% higher for ROC inclusive projects and a third higher for non-ROC projects than the same period last year. Average prices by technology band for 'live' generating stations are given below.
e-POWER AUCTION results - 15 JULY 2010 The latest on-line auction of green electricity was completed on, 15th July 2010. A total of 242 projects representing some 667 MW of capacity were auctioned. These were mainly NFFO and SRO projects but also included projects being auctioned directly on behalf of generators. The auction began on Tuesday 13th July and contracts were finally awarded to a total of seven successful bidders, including several niche green suppliers. The contracts are for electricity to be produced between 1st October 2010 until 31st March 2011. The average price, at 9.58 p/kWh, represented an average for ROC inclusive projects of 9.95p/kWh and 4.73 p/kWh for those technologies which do not receive ROCs. The overall average price for winter 2009 was 9.10p/kWh. Therefore the winter 2010 prices are 0.48p/kWh or 5.3% higher than the same period last year. Average prices by technology band for 'live' generating stations are given below.
legislation For the period: 1st April 2010 to 31 March 2011, the Buy-Out Price per ROCs will be £36.99. Under the Renewables Obligation, electricity suppliers must source at least part of their electricity from renewables generators. In England & Wales and Scotland, the level for 2010-11 is 11.1 ROCs per 100MWh; in Northern Ireland, the level is set at 4.27 ROCs per 100MWh. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| HOME
| WHAT IS e-POWER | HOW
e-POWER WORKS | e-POWER &
NFPA | WE'LL TAKE CARE OF THE
HASSLE TRACK RECORD | NEWS | FEED-IN TARIFF | FAQ's | WHAT TO DO NEXT | CONTACT US |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
