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On Sunday 24thMarch at 10.30am, the imbalance or ‘cash out’ price of electricity went negative for six and a half hours (i.e. 13 consecutive Settlement Periods of 30 mins each), reaching a maximum negative price of £70/MWh at around 2pm. If the cash-out price is negative, it means more electricity is being produced than is […]
NRP have won a competitive tender to design a Smart Energy Network (SEN) in the City of Perth, Scotland. This will be one of the first projects in the EU to actively develop a local peer-to-peer (P2P) energy trading platform. We believe that these local platforms will be of ever greater importance as the energy market continues to decentralise, and as regulators […]
The ECIU today launched our report, subtitled A Layman’s Guide to Affordable, Flexible, Clean Power, at a press conference in Westminster. This sets out how the UK can rely on a 50% share of intermittent wind and solar in its generation mix, using technology that is commercial today, and at no additional cost. The analysis is based […]
The European Commission discontinued tariffs on solar panels from China, abolishing the Minimum Import Price (MIP) on 3rd September. One leading market commentator expects module prices to fall by up to 30% in the coming weeks. We think this may be an over-statement. Hugo Chandler, Director at NRP said: “The Minimum Import Price was intended […]