Energy Innovation Capital’s Post

"In this study, we provide empirical evidence to emphasize the crucial role of cross-border electricity trade for decreasing the use of fossil fuels in power industries and attaining higher electricity supply from solar and wind energy sources. We collected data for 48 countries across three continents (Americas, Europe and Asia) from 1991 to 2018 to create a world sample that would reflect the diversity of various energy mixes in different electricity markets. The empirical evidence reveals that when electricity production from solar and wind energy sources interacts with cross-border electricity trade, the rate of power production from natural gas decreases statistically significantly. Furthermore, we created efficiency indices for solar and wind energy sources and to provide evidence for the increased utilization of solar and wind electricity production in the presence of cross-border electricity trade. The resulting empirical evidence reveals that for countries with positive economic growth, a rise in the levels of cross-border electricity trade leads to more efficient electricity production from solar and wind energy sources. Our results emphasize the importance of increasing interconnection capacities and integration among electricity markets in terms of completing a global energy transition in the long-run and accelerate the transition process." #crossborderelectricitytrade #energytransition #solarenergy #windenergy #naturalgas #electricitymarkets #electricgrid #worldgrid #worldgameworksop

Exciting discussions at Granular Energy's recent workshop exploring the future of 24/7 Carbon-Free Energy Trading with insights from AFRY, Nord Pool, Climate Group , and DLA Piper. What did we learn? ⬇ As the UK’s hourly matching electricity tariffs gain traction, the evolution of 24/7 CFE is set to accelerate grid decarbonization and investment in green assets. There is immense potential for carbon reduction and the emerging market for Granular Certificates. Read our summary and get involved in our upcoming initiatives, including the UK’s first 24/7 CFE pilot auction! https://lnkd.in/ejC_P_CE #247cfe #renewables

As electricity costs rise and grid stability becomes more challenging, businesses and municipalities are turning to Battery Energy Storage Systems (BESS) as a smart solution. Energy arbitrage—storing electricity during low-cost, off-peak hours and using or selling it during high-cost peak periods—is a powerful strategy.    Businesses can better manage energy expenses and improve grid reliability by focusing on costs, battery life, and time-of-use tariffs. With the right approach, BESS offers strong savings and a solid return on investment, making it a vital tool in South Africa’s evolving energy landscape.    SustainPower - Sustainable Power Generation (Pty) Ltd offers tailored BESS solutions to help you maximise your investment. Read more… https://lnkd.in/dGx4SUuj   #EnergyStorage #RenewableEnergy #BESS #EnergyArbitrage #GridStability #Sustainability #SouthAfrica #BusinessSolutions #SustainPower

Gas And Electricity Standing Charges Explained If you check your energy bills, you might notice they include so-called ‘standing charges’, as well as the amount you pay for the gas and/or electricity you use. Standing charges cover the cost to your supplier of actually delivering energy to your property. In that respect, they are similar to the rental charges you pay for a telephone landline. As such, they must be paid whether or not you use any gas or electricity, which is why you will receive a bill even if your property was unoccupied during the period in question. Frustratingly, it also means that the benefit of any energy-saving measures you implement will be lessened, which is why there have been calls for standing charges to be reduced or eliminated. What are gas and electricity standing charges? Gas and electricity standing charges are the fees your energy supplier imposes for giving you access to energy – they help pay for the UK’s energy distribution networks. Energy suppliers use standing charges to cover costs such as: maintaining the energy networks, wires, and pipes that carry gas and electricity to your home connecting your home to the energy network conducting meter readings. The new standing charge caps introduced in April 2022 also cover the administrative costs of switching failed energy companies’ customers to new suppliers. According to research by the charity Fuel Poverty action, these administrative costs accounted for £68 of the £75 annual standing charge hike. As a consequence, saving energy can only reduce your bills up to a point. Cutting energy usage reduces the amount of gas or electricity you have to pay for, but has no impact on standing charges, which remain the same regardless of the energy you use. Who sets gas and electricity standing charges? Your energy supplier sets the level of gas and electricity standing charges that you have to pay, but Ofgem limits how much suppliers can charge under its price cap, which is updated quarterly. Ofgem ruled that energy tariffs no longer need include a standing charge following recommendations by the Competition and Markets Authority back in 2016. However, the vast majority of energy suppliers continue to add them as part of the overall energy cost. Can I avoid paying standing charges? You may be able to avoid paying gas and electricity standing charges if you can find a zero standing charge tariff. However, these deals are seldom on offer. And if you can find a no-standing charges energy deal, it would probably mean paying more for each unit of energy you use. for full article: https://lnkd.in/eZchWPki

In his recent article, Tim Crozier-Cole outlines four good reasons why we should still prioritise electricity consumption reduction projects and on-site/ near-site renewables. https://hubs.la/Q02rtcMF0 #renewables #electricity #energyefficiency

As energy prices continue to surge, South African businesses are facing increasing operational costs. We have a solution! Enfin Energy Finance is helping companies transition to solar energy through our Power Purchase Agreement (PPA). With no upfront costs, we install, maintain, insure, and monitor the solar system – ensuring you focus on running your business while we handle the rest. Our PPA model not only shields you from rising electricity tariffs but also offers savings on your energy bills. It’s time to make the switch to solar and power your future sustainably. 👉 Learn more about how our PPAs and services can benefit your business: https://lnkd.in/e_SM3CRU #SolarEnergy #RiskFreeSolar #PPA #RenewableEnergy #SustainableBusiness #CostSavings #EnergyIndependence #EnfinEnergyFinance

Renewable electricity is still a precious resource. To start displacing fossil fuels we need to make each KWh of renewable electricity go as far as possible and generate more where we can. Read our article here: https://hubs.la/Q02pd_0n0 #renewables #electricity

📰 Strelia Energy Newsflash July 2024 (II) – The New EU Electricity Market Design: The Main Measures for Distribution System Operators and Electricity Suppliers ✒️ Pierre Goffinet and Mediona Shehu 💡 While a first Newsflash gave an overview of the measures for traders, electricity producers and TSOs active on the market for wholesale and production of electricity and on the market for electricity transmission (https://lnkd.in/eRqHPbCN), this second Newsflash deals with the measures for DSOs and electricity suppliers. On the market for electricity distribution, we note in particular (i) tariffs methodologies better adjusted to the integration of renewable energy, flexibility services and anticipatory investments, (ii) the possibility of flexible connection agreements in congested areas, (iii) the use of data from dedicated measurement devices for the observability and settlement of demand response and flexibility services, and (iv) better information on the capacity available for new (flexible) connections. On the retail market for electricity supply, we note in particular (i) the possibility for the Council to declare a regional or Union-wide electricity price crisis, (ii) various measures regarding the relationship between the electricity suppliers and their customers (such as the possibility for customers to have more than one electricity supply contract or energy sharing agreement at the same time, the customers’ right to have fixed-price fixed-term electricity supply contracts, a mandatory supplier of last resort regime, and a protection from electricity disconnections), (iii) the customers’ right to energy sharing, and (iv) a supplier risk management requirement. Click here to read our second Energy Newsflash of July 2024 👉 https://lnkd.in/eEJf4_7E #strelia #toptieronahumanscale #energy #energylaw #eulaw #energytransition

Rather than charge a suntax, Powercor is much more PV friendly. Proposes 'solar soak' tariffs plus modest investments in network investment and flexible export. Essentially will "make better use of our existing infrastructure to enable an additional 702TWh of export for customers over 2026‒31, equivalent to the total annual generation of 117,000 5kW solar systems, with even more future benefits". That's a much smarter approach than NSW DNSPs! https://hubs.li/Q02Q32lY0