Transmission

Could zonal pricing be the solution to reducing energy costs while enhancing grid resilience through a decentralized system? Although the second REMA consultation dismissed nodal pricing in the wholesale market, zonal pricing is still being considered as an option for the UK. As the electricity system transitions toward a more decentralized model, what changes are necessary to support the integration of millions of new assets, and how can the system evolve to ensure this transition is successful?In today’s episode, Sarah Honan, Head of Policy at the ADE joins Ed porter. Over the course of the conversation, they discuss:The debate on zonal vs. national pricing under a new Labour government.Key features of successful demand flexibility implementation.The ADE's position on locational pricing, highlighting its potential to reduce congestion payments and benefit consumers.Potential impacts of locational pricing on existing investments.The ADE’s recent report, Demanding More, the importance of NESO to implement a strategic and inclusive approach, considering the needs of both current and future consumers.Mentioned in the episodeDemanding More - How the National Energy System Operator Can Empower Energy Demand.Decentralised Energy Conference - 30th October 2024, The British Library, LondonAbout our guestThe Association for Decentralised Energy (ADE) is the leading trade association for decentralised energy, representing more than 150 interested parties from across the industrial, commercial and public sectors. With the goal of advancing the widespread adoption and integration of decentralized energy solutions for a sustainable and resilient energy future, ADE is on a mission is to champion the transition from traditional centralized energy systems to a decentralized model. For more information, check out their website. About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

As the energy industry evolves, the skills required and the approaches to overcoming emerging challenges must adapt as well. With the sector exploring new frontiers, the opportunity to become a leader in the field has never been more accessible.Success requires a diverse set of skills, many of which can be transferred from different roles or industries. Achieving net-zero will require more than just traditional industry experience. So, what specific skills are companies seeking as they navigate uncharted territory? And how do we engage a broader range of talent to ensure a sustainable future?In today’s episode David Hunt, CEO at Hyperion Executive Search joins Quentin to discuss the talent gap in the renewable energy industry. Over the conversation, they discuss: Addressing the diversity gap in the energy industry: strategies for building a more inclusive workforce.Salary hotspots: where they are, emerging trends, and what the future holds.The critical role of communication skills in effective renewable energy leadership.Emerging roles in the energy sector as the transition to renewables accelerates.Key focus areas for the energy industry over the next decade.About our guestHyperion Executive Search finds leaders, and builds teams for the most innovative cleantech companies, enabling them to find extraordinary people. Operating across multiple cleantech sectors including energy storage, solar, future mobility, hydrogen and more, Hyperion support the growth of these emerging market opportunities. For more information on Hyperion Seach, check out their website. David is the host of the Leaders In Cleantech podcast, a weekly podcast with interviews from leading CEOs and Founders from some of the world’s most innovative start-ups and scale-ups. Check it out here.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

As the energy industry evolves, the skills required and the approaches to overcoming emerging challenges must adapt as well. With the sector exploring new frontiers, the opportunity to become a leader in the field has never been more accessible.Success requires a diverse set of skills, many of which can be transferred from different roles or industries. Achieving net-zero will require more than just traditional industry experience. So, what specific skills are companies seeking as they navigate uncharted territory? And how do we engage a broader range of talent to ensure a sustainable future?In today’s episode David Hunt, CEO at Hyperion Executive Search joins Quentin to discuss the talent gap in the renewable energy industry. Over the conversation, they discuss: Addressing the diversity gap in the energy industry: strategies for building a more inclusive workforce.Salary hotspots: where they are, emerging trends, and what the future holds.The critical role of communication skills in effective renewable energy leadership.Emerging roles in the energy sector as the transition to renewables accelerates.Key focus areas for the energy industry over the next decade.About our guestHyperion Executive Search finds leaders, and builds teams for the most innovative cleantech companies, enabling them to find extraordinary people. Operating across multiple cleantech sectors including energy storage, solar, future mobility, hydrogen and more, Hyperion support the growth of these emerging market opportunities. For more information on Hyperion Seach, check out their website. David is the host of the Leaders In Cleantech podcast, a weekly podcast with interviews from leading CEOs and Founders from some of the world’s most innovative start-ups and scale-ups. Check it out here.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

From a once nearly worthless by-product to a critical energy resource, natural gas forms a vital pillar in global energy production. With advancements in storing and transporting gas as liquified natural gas (LNG), its potential continues to expand. However, this fossil fuel's role in the energy landscape remains necessary. The relationship between power and gas prices is tightly interlinked, with gas often setting the marginal price in wholesale markets. But what factors contribute to the volatility of gas prices? How do geopolitical events shape the market? How does speculation influence gas prices— and have we passed the point of useful speculation?In this episode, Seb Kennedy, Founding Editor of Energy Flux, joins Quentin to unpack the complexities of natural gas, the global gas markets, and gas's evolving role as we work towards decarbonizing our energy supply. Throughout their discussion, they explore:An overview of natural gas, from extraction and transportation to pricing.Gas demand trends in Europe and the rise of LNG.Impact of decarbonization on gas demand in EuropeThe drivers of price volatility and the role of speculation in the market.The extent speculation influences gas prices - how much is too much? About our guestEnergy Flux is a 100% editorially independent newsletter that analyses global natural gas markets, energy economics and geopolitics through the lens of Europe’s net-zero journey. Founded by Seb Kennedy, a freelance energy journalist and market analyst who is using data to carve out engaging narratives about the economics of decarbonisation. For more information on Energy Flux - head over to the website or check Seb out on LinkedIn or X.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on how gas prices affect power price, check out our written research.

From a once nearly worthless by-product to a critical energy resource, natural gas forms a vital pillar in global energy production. With advancements in storing and transporting gas as liquified natural gas (LNG), its potential continues to expand. However, this fossil fuel's role in the energy landscape remains necessary. The relationship between power and gas prices is tightly interlinked, with gas often setting the marginal price in wholesale markets. But what factors contribute to the volatility of gas prices? How do geopolitical events shape the market? How does speculation influence gas prices— and have we passed the point of useful speculation?In this episode, Seb Kennedy, Founding Editor of Energy Flux, joins Quentin to unpack the complexities of natural gas, the global gas markets, and gas's evolving role as we work towards decarbonizing our energy supply. Throughout their discussion, they explore:An overview of natural gas, from extraction and transportation to pricing.Gas demand trends in Europe and the rise of LNG.Impact of decarbonization on gas demand in EuropeThe drivers of price volatility and the role of speculation in the market.The extent speculation influences gas prices - how much is too much? About our guestEnergy Flux is a 100% editorially independent newsletter that analyses global natural gas markets, energy economics and geopolitics through the lens of Europe’s net-zero journey. Founded by Seb Kennedy, a freelance energy journalist and market analyst who is using data to carve out engaging narratives about the economics of decarbonisation. For more information on Energy Flux - head over to the website or check Seb out on LinkedIn or X.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on how gas prices affect power price, check out our written research.

The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:The evolution of the UK’s electricity markets over the years.Regulatory inefficiencies and the need for more strategic leadership from regulators.The Capacity Market’s purpose and how energy storage fits within this framework.How energy storage could be better integrated into the market and its future role in the GB power system.An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.About our guestLisa Waters is a founding Director of Waters Wye Associates (WWA). She is an economist with over twenty five years’ experience in the energy sector, working for a wide variety of energy companies and customers.Waters Wye Associates has been providing bespoke support to organisations operating in UK and European energy markets since 2002. With extensive expertise in commercial power, gas and gas storage; experience in due diligence work in a variety of markets; analytical skills and experience developing targeted solutions for the energy markets as well as understanding of regulation and policy, capacity market and more. For more information, head to their website.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:The evolution of the UK’s electricity markets over the years.Regulatory inefficiencies and the need for more strategic leadership from regulators.The Capacity Market’s purpose and how energy storage fits within this framework.How energy storage could be better integrated into the market and its future role in the GB power system.An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.About our guestLisa Waters is a founding Director of Waters Wye Associates (WWA). She is an economist with over twenty five years’ experience in the energy sector, working for a wide variety of energy companies and customers.Waters Wye Associates has been providing bespoke support to organisations operating in UK and European energy markets since 2002. With extensive expertise in commercial power, gas and gas storage; experience in due diligence work in a variety of markets; analytical skills and experience developing targeted solutions for the energy markets as well as understanding of regulation and policy, capacity market and more. For more information, head to their website.About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

With the 2030 clean energy target approaching, swift action is required from both the industry and the new Labour government. To meet this goal, we need to accelerate generation capacity, streamline grid connection processes, and optimize the use of existing resources. What strategies can help us achieve this, and where should the government focus to ensure success?In this episode, Chief Executive at Energy UK - Emma Pinchbeck joins Quentin to explore the challenges around clean energy the new UK government is facing over their first months in power. Over the conversation, they discuss: The importance of understanding the broader impacts of new government policies.How Energy UK is navigating political shifts as the UK's leading energy trade association.Energy UK's 'Mission Possible' report, highlighting five urgent government recommendations.The critical role of upcoming Contracts for Difference (CfD) auction rounds in achieving net-zero goals.The need for strategic planning and resource allocation for grid expansion.Mentioned in the episode Material World: A Substantial Story of Our Past and Future - Ed ConwayResults of Contracts for Difference second allocation round. Strike prices of £57.50 and £74 were allocated for the three offshore wind farms in 2017 (Triton Knoll, Moray East and Hornsea 2). These results were around 50% less than in the previous allocation round. Young Energy Professionals network. Please take a few minutes to fill out the Future Energy Leaders survey.About our guestEnergy UK are the trade association for the UK energy industry, representing over 100 members including energy suppliers, generators, aggregators, flexibility optimisers, EV charging operators and software companies. They work with the sector, government, regulators and wider stakeholders to champion a sustainable UK energy industry. For more information - head over to their website. About Modo EnergyModo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on grid connections, check out our written research.

Emma Pinchbeck, Chief Executive at Energy UK, discusses the urgent push for the UK's clean energy transition ahead of the 2030 target. She emphasizes the necessity for faster generation capacity and streamlined grid connections. The conversation dives into the role of the 'Mission Possible' report, outlining five crucial government recommendations. Pinchbeck also highlights the importance of Contracts for Difference auctions and strategic planning for infrastructure expansion. With the political landscape shifting, clear communication is vital for investor confidence in the clean energy sector.

Ed Birkett, Director of New Project Development at Low Carbon, shares insights into the renewable energy landscape in Great Britain. He discusses the challenges posed by 'zombie' projects cluttering the grid connection queue and the urgent need for system reform. Birkett explores how changes in Contracts for Difference could bolster net-zero goals, while also addressing the long lead times for essential equipment. The conversation highlights the delicate balance between strategic planning and market-driven approaches to enhance solar project development.