Greenspan have now concluded their Triad Warning System for Nov 16 – Feb 17. Of the 120 day Triad season, Greenspan issued 23 Triad warnings including successfully issuing a warning on each of the confirmed Triad periods on either a “Likely” or a “Very Likely” scale. The triad dates confirmed by National Grid...
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As many will already know, SmartestEnergy will no longer participate in the Feed-in Tariff scheme as a voluntary FiT Licensee from 31st March 2017. In order to continue receiving FiT payments from 1st April 2017, generators are required to appoint an alternative licensee and have the switch completed by 31st March 2017. Under the FiT scheme, there are two categories of FiT licensee (Voluntary and Mandatory). A Mandatory FiT licensee is obligated...
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The Renewables Obligation (RO) is the main support scheme for renewable electricity projects in the UK. It places an obligation on UK electricity suppliers to source an increasing proportion of their electricity from renewables. For the sixteenth obligation, or compliance period CP16, which runs between 1 April 2017 – 31 March 2018, the ROC buy-out price has been set by Ofgem at £45.58 / ROC. A Renewables Obligation Certificate (ROC) is a...
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Ofgem have recently announced that generation and export tariffs will increase with annual Retail Price Index (RPI) at a rate of 2.5 percent. This tariff increase will be applicable from 1 April 2017 to 31 March 2018. For Feed in Tariff applications that are eligible for the export tariff, the increase is reflected below; Effective Start Date of FiT Term Apr 16-Mar 17 (£/MWh) Apr 17-Mar 18 (£/MWh) On or before 30 November...
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The total Renewables Obligation for electricity suppliers in Great Britain was 84,439,465 ROCs for 2015-16. Suppliers were able to meet their obligations either through presenting ROCs or making buy-out payments at £43.30 per ROC, or a combination of both. The recycle value for the 15/16 compliance period (CP14) is £0.00 / ROC presented. The reason for the absence of a recycle value is due to the vast deployment of renewables producing...
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Ofgem accepted 14 of our heating installations onto the Renewable Heat Incentive (RHI) scheme today. Coordinated by The Greenspan Agency on behalf of our clients, the applications totalled 7,100 kW of thermal generating capacity. The heating equipment is fuelled by biogas created through anaerobic digestion. Among the installations approved were heat-only boilers, and combined heat and power...
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Greenspan are pleased to announce their continued major sponsorship of The Royal Highland Show 2016. Held at the Royal Highland Centre in Ingliston, the show attracts around 190,000 visitors annually. This year’s show will be held from Thursday 23rd to Sunday 26th June. Greenspan will be located in the Sponsors’ Lounge and would be delighted to see you! Please contact the office on 0131 514 4444 to arrange a...
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See our update below for 4th – 5th of May. * Transmission and distribution connected wind output + Distribution connected solar output × Transmission connected pumped & non-pumped hydro output, and distribution connected hydro output ~ Distribution connected anaerobic digestion...
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See below for an update on the electricity mix over 3rd May to 4th May. * Transmission and distribution connected wind output + Distribution connected solar output × Transmission connected pumped & non-pumped hydro output, and distribution connected hydro output ~ Distribution connected anaerobic digestion...
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Thought for the day: At noon yesterday over a third of Great Britain’s electricity was being supplied by renewable sources, according to Greenspan estimates. The total system demand was just over 29GW, with almost 5GW being provided by transmission connected wind farms. However, Greenspan estimates that system demand was almost 6GW lower due to the contributions from wind, solar, hydro and anaerobic digestion plants embedded on the...
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