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Is the Surge in Wholesale Power Price in the UK Sustainable?
Victor Laurent, Product Specialist, European Power
November 14, 2018
Over the past two years, power prices surged across Europe. The value of front calendar year power futures doubled while spot prices witnessed increased volatility and extreme levels. The evolution of the supply-side stack and the behavior of demand will keep driving this move. In the UK, structural changes...
Carbon Price Spikes Result in Fuel Switching Across the Grid
Salman Khan, Product Specialist, European Power
November 01, 2018
In a push to make carbon pricing more effective as a means for reducing carbon emissions, the European Commission announced in May total carbon emission allowances auctioned under the European Trading System (ETS) will be reduced by 44 percent in 2019. The announcement intended to make the Market...
Texas solar farm
Lauren Seliga, Product Manager, and Adam Krivisky and Jess Zolott, ERCOT Power Market Analysts
October 17, 2018
Genscape recently added monitors on our first solar farm in the Electric Reliability Council of Texas (ERCOT) market in October 2018. Our monitoring of SolaireHolman is a milestone, marking the first time that market participants will be able to see real-time utility-scale solar output in ERCOT on both...
gp energy management
Trevor Safko, Analyst, GP Energy Management
October 15, 2018
In this blog series, we’ve covered the most important considerations of rate setting. Once all of these considerations are appropriately accounted for, customer enrollment kicks in. The two most common customer acquisition strategies that Retail Energy Providers (REPs) should employ during this process...
power lines
Victor Laurent, Product Specialist, European Power
October 11, 2018
As of 30 September 2018, the common bidding zone of Germany-Luxembourg-Austria of the EPEX SPOT was divided, with Germany-Luxembourg on the one hand and Austria on the other.  Instead of unlimited cross-border flows between Germany (DE) and Austria (AT), there is now a at least 4.9 gigawatts (GW) of...
japan power lines
Avi Ganesan, Japan Power Market Analyst
October 09, 2018
Japan experienced a record-breaking heatwave in July 2018, spiking wholesale power prices across the grid. The monthly average temperature and the total solar irradiation were the highest in the region since measurements began in 1946. The JEPX Day-Ahead (DA) spot market daytime maximum prices steadily...
wind farm
Trevor Safko, Analyst, GP Energy Management
October 04, 2018
In this blog series, we’ve already discussed a variety of the costs and risks to account for in a retail pricing model. Here, we focus on how important it is for Retail Energy Providers (REPs) to account for these costs while setting volumetric rates for fixed-rate customers. The effects of an account...
wind & solar power generation
Victor Laurent, Product Specialist, European Power
September 26, 2018
During Summer 2018, Germany witnessed another season of increased renewable power generation. German solar output was at 34 terawatt-hours (TWh), up 5 TWh or 17 percent compared to last summer. German wind output, while still below the market’s Summer 2017 average, will surpass it by 1.5 TWh or 4...
MISO Volatility: September Heat Drives Price Blowouts Across the Grid
Todd Hagist, Power Market Analyst II and Jefferson Rhoads, Senior Meteorologist
September 26, 2018
The Midcontinent Independent System Operator (MISO) declared a state of emergency on September 15, 2018, as price spikes rocked the market. Hot temperatures and a series of increasingly large demand underestimates contributed to the event. This bears a striking resemblance to the volatility seen in September...
fall power lines
Josh Garcia, Natural Gas Analyst, Robert Lance, Power Market Analyst
September 24, 2018
Algonquin Gas Transmission Begins Their Biggest Maintenance Event of the Year After frequent rescheduling and downgrading, including a last-minute delay after market close last Friday, September 21, New England’s main natural gas pipeline, Algonquin Gas Transmission (AGT), may finally run their...