Alfa Energy (an Edison Energy company)’s Post

The government has launched the awaited second consultation as part of the ongoing Review of Electricity Market Arrangements in Great Britain.   While the first REMA consultation sought to identify the required reforms, this one focuses on specific proposals and outlines a short-list of remaining policy options. Our blog examines these in more detail: https://lnkd.in/dwsRYFvQ   #REMA #Energy #NetZero

EU Energy Ministers Endorse Major Electricity Grid Investments, SolarPower Europe Calls For Flexibility Focus EU Energy Ministers have adopted crucial conclusions on enhancing the EU’s electricity grid infrastructure, marking a significant advancement in the region’s energy transition efforts. In response to the adopted conclusions, Walburga Hemetsberger, CEO of SolarPower Europe, issued a statement highlighting the importance of these developments. “Today is a key milestone in the energy transition. Energy Ministers have delivered positive proposals on accelerating electricity grid investments in Europe at both the transmission and distribution levels. This includes calling for regulation that facilitates anticipatory investments and urging the European Investment Bank to step up in financing grid upgrades,” Hemetsberger stated. She emphasized […] Read the full story here: https://lnkd.in/dEs9Ps6E #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #europe #europeanunion #grid #renewableenergy #solarenergy #solarpowereurope

Relevant developments are underway with the EU Electricity Market Reform, especially with the recent publication of Regulation 2024/1747 in the Official Journal of the EU on June 26th. This pivotal regulation aims to refine the EU’s electricity market design, and its significance will truly begin to unfold starting on July 16th when it officially comes into force, marking the start of its implementation phase. The changes up to this point have been shaped by significant changes in the European electricity pricing landscape since late 2022 and 2023. To assist in navigating this process, I have included a timeline below highlighting key milestones. This will be crucial for tracking the progress and understanding the implications of the Long-term market instruments that are central to the EU Electricity Market Reform. We are on the cusp of a transformative period, with numerous initiatives set to drive us towards a more integrated, market-oriented, and decarbonized European energy system. These upcoming months and years promise to be challenging yet immensely rewarding as we strive for #MoreEurope, #MoreMarkets, and #MoreDecarbonization. We still need to go make deep efforts on the EU Electricity Market Reform to achieve the required levels of renewable energy projects bankability. #RenewableEnergy #SustainableFuture #EnergyTransition #MarketReform

The National Grid has reached an agreement with the UK government to sell its Electricity System Operator for £630 million, in a move the government claims will help connect new generation clean energy projects to the electricity grid 💡 Read more here⤵️ #Tech #News #NationalGrid

Battery storage is reshaping the UK and Irish energy landscape. 🔋⚡ With increasing reliance on renewables, batteries are being deployed for arbitrage—storing electricity during low-cost periods and discharging at peak demand—and for grid stability through frequency regulation and ancillary services. As U.S. utilities plan to triple capacity by 2028, similar growth in the UK and Ireland is essential for managing grid intermittency and enhancing resilience. The challenge now is optimizing battery deployment to meet demand efficiently. https://lnkd.in/e-asu6sq #BatteryStorage #GridResilience #Arbitrage #FrequencyRegulation #EnergyStorage #UKEnergy #IrishEnergy #EnergyTech

Energy Markets: ESO reveals new UK Future System Operator 🌟📝 📝 Highlights: National Energy System Operator will be responsible for planning and operating Britain's electricity system 🔗 Read more: https://lnkd.in/eGgtV-nT 🌐 Visit: www.energycompact.com 🔍 Join the Energy Compact: https://lnkd.in/eHY7D3jT #Comment and share your views. 🗨️ #energy #markets #newsletter

Energy storage, a critical component of a fully #renewable grid, saw record growth in 2023 and Bloomberg New Energy Finance has forecast a 27% compound annual growth rate to 2030. ♻   Some concrete policy commitments： 💰US. IRA (Inflation Reduction Act) provides significant funding for new clean energy projects. 🔎Australia's New South Wales government aims for 2 GW of long-duration energy storage by 2030. For more: 📎 https://lnkd.in/gjPc4SE4 #energypolicy #lithiumbatterypack #transmission #electricity #greenenergysolutions #techtrends  #energystorage

🔥 Dive into the next generation of Energy Regulation with us! Germany & the Netherlands Lead the Charge! 🌍   🔌 On our latest blog post, "The Grid Gambit: Regulatory Innovations in Germany & the Netherlands," we explore groundbreaking Energy Regulation, in particular the different strategic approaches of Germany 🇩🇪 and the Netherlands 🇳🇱. 🚀    Discover how these trailblazing nations are shaking up the status quo:   🔹 The Netherlands' game-changing Energy Safety Amendment is tackling grid congestion head-on with ingenious long-term contracts and dynamic capacity subscriptions. Find out how these innovative solutions are reshaping the energy market landscape, one megawatt at a time!   🔹 Germany's Paragraph 14a Amendment is like a high-stakes dance-off, giving grid operators near real-time control over consumption devices to manage peak demand. Dive into the intricacies of this bold regulatory move and uncover the secrets behind its success.   Read more: https://lnkd.in/drwAxRMP   #EnergyTransition #RegulatoryInnovations #Germany #Netherlands #FutureOfEnergy #Paragraph14a

The incoming Labour government ran on a platform of change, but what does this mean for the energy sector? Their two flagship policies are net zero power by 2030, as well as the creation of GB Energy. This will bring rapid increases to renewable capacity, which in turn will bring wholesale power prices down. It will also cause transmission constraints and system volatility to rise, leading to greater volumes in the Balancing Mechanism. What does this mean for power price spreads and for Battery Energy Storage revenues? To find out more, read Joseph Bush's article on the Modo Energy platform. https://lnkd.in/e54TWWxZ

🔋 Positive strides as the G7 nations agree a new global energy storage target of 1500GW by 2030, a six-fold increase from today’s levels. This new target is strongly aligned with the recommendations of the International Energy Agency (IEA)’s recently released and first battery-only report which sets out its clear view that batteries are an ‘essential building block of the clean energy transition’.   For the UK, this is another timely reminder of how important it is to improve the utilisation of battery energy storage systems (BESS) by National Grid ESO. We are very pleased to see the latest increase in utilisation in April, rising to over 10% for the first time on a volume-weighted basis. Nevertheless, this remains a small figure which we look forward to seeing rise steadily. Read the IEA's report here: https://lnkd.in/en4gktAK Read the article here: https://lnkd.in/gxKAuGPC #batterystorage #renewableenergy