The following chart from Statista details how the demand for new UK electric vehicle registrations has soared during 2020.

With the number of electric vehicles (EV’s) on British roads now increasing at a faster rate than ever before, you could be forgiven for assuming that the same could be said for electric chargers (EVC’s). Whilst this may be the case for domestic charging, destination chargers appear to be a little way behind in the adoption process.

If your organisation requires further information, is planning a switch to EV’s or is wanting to source electric vehicle chargers, why not visit www.The-Energy-Revolution.co.uk?

The Energy Revolution provides a Free survey service and funding options for EVC’s. If your circumstances qualify, you could have your charging infrastructure fitted at no cost.

Illustration source: Statista.com

Third Party Charges – Overview

When delving into Third Party Charges we can place them into three categories:

• Transportation – Suppliers use transmission (TNUoS) and distribution (DUoS) assets to transport electricity to customers, these costs include maintaining the national grid, and distributing electricity at all levels.
• CO2 Reduction & Green Targets – Schemes devised to pay renewable generators for the Electricity they produce. Renewables Obligation (RO) to support large scale renewable electricity generation. Feed in Tariff (FiT) to support small scale renewable electricity generation. Contracts for Difference (CfD) supporting investment in energy generation.
• Keeping the lights on – Ensuring that supply always meets demand – Balancing Services Use of System (BSUoS) recovering the cost when supply and demand do not match up, increases when electricity is generated from less predictable avenues such as wind. Capacity Mechanism (CM) ensuring conventional generation plants are available when Wind Generation and Solar Generation are low.

The Targeted Charging Review and CMP308 directly impact the Transportation and Balancing aspects of these Third Party elements.

Targeted Charging Review and CMP308 – What Change?

TNUoS and DUoS

• The charging structure introduces a fixed per day residual charge to TNUoS for the first time, rather than the £/MW at Triad, but also introduces new charging bands for both TNUoS & DUoS.
• The fixed per day residual charges that customers pay, will be determined by their:

• Agreed capacity for Half Hourly (HH) settled users.
• Net annual consumption for Non-Half Hourly (NHH) settled users.
• This results in TNUoS Triad charges and DUoS unit rate charges reducing, with fixed charges increasing.

BSUoS

It will be charged to end user customers only, BSUoS charges will be removed from generators. As generators will no longer have to recover these costs, Ofgem expects wholesale electricity prices to reduce, offsetting the increased BSUoS costs to end customers. 

Targeted Charging Review and CMP308 – Why Change?

Ofgem have been working on several changes to how industry costs are recovered through various regulatory workstreams. Two of these workstreams; Targeted Charging Review (TCR), and the BSUoS task force (via CMP308), when finalised will lead to significant changes to how consumers pay for their use of the electricity network infrastructure.

Targeted Charging Review (TCR) will change Transmission Network Use of System (TNUoS) & Distribution Use of System (DUoS) charging, whilst the BSUoS task force has proposed to remove the Balancing Use of Service (BSUoS) charges from all Generation, and levy BSUoS charges to on demand customers only.

Why is Ofgem making changes to TNUoS and DUoS charging?

The current charging methodology favours those customers who can shift their demand to reduce their contribution to network charges, but that means other network users must make up the shortfall. Ofgem see this as unfair.

Why is Ofgem making changes to BSUoS?

To better align to the UK’s market arrangements with those widespread within other EU member states, and to provide more effective competition and trade across the EU to deliver benefits to all end consumers.

Chris Stark, the chief executive of the Committee on Climate Change, the UK’s independent statutory adviser, has said it is likely to be much easier and cheaper for the UK to achieve net-zero carbon emissions than we have previously thought.

“Overall, the cost is surprisingly low – it’s cheaper than even we thought last year when we made our assessments. Net-zero is relatively low-cost across the economy,” he said. “But that rests on action now. You can’t sit on your hands and imagine it’s just going to get cheaper by magic.”

There has been a boom in clean power and renewable installations in 2020 and resultantly we have seen renewable prices fall below the cost of fossil fuels, and this downward trend has been undeterred by the coronavirus pandemic and this year’s all-time low oil prices.

Chris explained there is a lovely opportunity to get a fair and cheap transition to a low-carbon economy. “…if we don’t put steps in place, this is going to be a quite a hard transition. Lumping costs on to the electricity bill is a regressive step, so we need to think about broader mechanisms to drive the investment that we need to get to net-zero…”

RETHINK ENERGY

GET Solutions are proud to be able to help organisations of all sizes with their transition to sustainable and cheaper energy through The Energy Revolution™.

Whether it be sourcing energy supplies from renewable sources like wind, hydro and solar, or progressing to a decentralised energy system with energy savings agreements that ultimately provide independence and protection from fluctuating grid prices, not to mention extensive reductions in carbon emissions, then we can help.

If you would like to find out more, visit The Energy Revolution™ website or contact us on Tel. 027 7630 8830 or email info@getsolutions.co.uk

Source: F.Harvey, The Guardian

This is an exciting time for The Energy Revolution^®…

In a landmark deal, Coventry-based GET Solutions UK – a leading energy solutions provider to businesses – has entered into an agreement to sell an initial portfolio of 15 highly efficient Combined Heat & Power (CHP) units in branded UK hotels to SDCL Energy Efficiency Income Trust plc (“SEEIT”) for ca. £5 million. The capital will be drawn down over the next four months and represents the first stage of a pipeline of over £12 million of CHP projects in the UK over the next year. GET Solutions will continue to manage these assets for SEEIT under a long-term contract.

Read the full article here…

A million and more journeys begin in Coventry, and we are proud to be part of the journey to becoming UK City of Culture 2021…

Coventry City of Culture Trust has launched its manifesto film which tells the story of our city’s past, present and future. Bring on May 2021!  https://coventry2021.co.uk/ #CoventryMoves.

GET Solutions welcomes a very talented Mike Hefford into our successful and growing team.

Mike is an expert in CHP, low carbon and renewable energy and is also a veteran developer of heating technology. With over thirty years professional experience in the sector, Mike has worked in a variety of roles including Research and Development, Product Manager, General Manager & Sales with his most recent post at the global renowned 2g Energy.

Mike’s knowledge and experience perfectly compliments the existing team and will help The Energy Revolution go from strength to strength.

The Energy Revolution is a mechanism to drastically reduce Co2 emissions and deliver sustainable reductions in energy consumption.

To find out more about The Energy Revolution and how you could join contact us on telephone number 024 76630 8830 or email @ sales@getsolutions.co.uk

Power sector leads the way but more to be done.

The Climate Change Committee (CCC) has warned that the UK is failing its climate goals and that the Government “must seize the opportunity” for a “green recovery”.

The latest report highlights a lack of progress over the past year by the government towards delivering the UK’s climate goals, and that the coronavirus has enabled a “once in a lifetime” opportunity.

Out of 21 progress indicators, the UK has failed 14, and just two of thirty-one policy milestones have been met over the last year.

However, UK emissions have been falling rapidly by approximately 28% from 2008 to 2018. Although progress is irregular, most is from the power sector as the chart details below:

UK greenhouse gas emissions by sector, 2008-2019, millions of tonnes of CO2 equivalent (MtCO2e). Right: Change in emissions over the same period. Source: CCC progress report. Image source: Carbon Briefing

CO2 emissions in the power sector have fallen by two-thirds the CCC’s report suggests, which demonstrates that rapid progress is possible with the right foundations in place.

But the CCC has warned that the government must deliver on its plans to decarbonise the power system to reach an emissions intensity of 50gCO2/kWh by 2030. Also addressed in the report was the need for the creation of a policy that leads to supply and demand for hydrogen across the economy, and plans need to be developed for improving sectors such as heat and transport as they become increasingly electrified.

The Energy Revolution™ is a mechanism to drastically reduce CO2 emissions and deliver sustainable reductions in energy consumption. The self-generating mechanism is all-encompassing and includes innovative procurement, power conservation & generation equipment from installation to maintenance. It also enables organisations to claim partial independence from the grid, protecting themselves from rising market fluctuations and guarantees annual savings and carbon reductions.

To find out more about The Energy Revolution and how you could join contact us on telephone number 024 76630 8830 or email @ sales@getsolutions.co.uk

Movements within the wholesale energy market can have a significant impact on the price a business will pay for their electricity and gas. The effective unit rate a business pays, includes the commodity cost (the cost of the energy that is consumed) and the third party charges which include but are not limited to Climate Change Levy (CCL), Renewables Obligation (RO), Feed in Tariffs (FiT), plus other transportation, and maintenance costs. The commodity costs account for circa 45% of an electricity bill and 65% of a gas bill. For further details regarding effective unit rates, please get in touch.

Electricity prices continue to fall slightly in May despite early signs of recovery.

The resulting low demand from lockdown and falling gas prices has been the main influencing factors on the continued downward trend of electricity prices through May. However, this slight circa 3% fall could have been significantly more had the economic outlook not improved and the cost of carbon not picked up

Low demand & perhaps our sunniest May have kept gas prices tumbling.

Record European gas storage levels and low demand have contributed to the steady fall in gas prices as they hit 20-Year record lows of circa 35% by the end of the month.

Oil prices steadily recovered throughout May following record low end of April prices.

A further cut to OPEC+’s (Organization of the Petroleum Exporting Countries) oil production in June by another 1 million barrels per day helped prices increase. This is conjunction with a drop in US production, the weakness of the US dollar and signs of oil demand increasing as lockdown eases has led to an increase of nearly 40%.

Carbon prices have been increasing over two consecutive months despite a fall at the end of April.

With lockdown restrictions being lifted in several countries, the resulting improved economic outlook has had a positive effect on carbon with prices rising by approximately 8%.

On the horizon:

May has been a good month for wind and solar generation, however as temperatures start to climb, the price of electricity is also expected to rise as we turn to air-conditioning and demand increases.

Another OPEC meeting is expected in June and the outcome could affect oil prices. Markets are expected to recover as economies start to reopen following Covid-19, however, this recovery could be marred by the fear of a potential second wave of infections and further hampered by the differing recovery rates of economies around the globe.

Click here for our detailed energy & markets report

Movements within the wholesale energy market can have a significant impact on the price a business will pay for their electricity and gas. The effective unit rate a business pays, includes the commodity cost (the cost of the energy that is consumed) and the third party charges which include but are not limited to Climate Change Levy (CCL), Renewables Obligation (RO), Feed in Tariffs (FiT), plus other transportation, and maintenance costs. The commodity costs account for circa 45% of an electricity bill and 65% of a gas bill. For further details regarding effective unit rates, please get in touch.

UK Electricity prices continue to fall during lockdown but begin to show signs of stability.

The combination of coronavirus shutdowns and low gas prices continue to drive electricity prices downwards, but UK wholesale electricity has gained some stability because of the French Nuclear production being capped combined with low wind generation in Germany. The result is a marginal 1% decrease for wholesale electricity for April.

Further mild weather and an absence of demand push UK gas prices to record lows.

UK gas prices continue to fall by circa 20% as mild weather and the UK lockdown lowers the possibility of any demand. The downward trajectory is compounded by further decreases in oil prices, a good generation from UK wind and a healthy storage of gas in the UK.

Oil prices show signs of recovery despite a plunge in value in late April.

Following sharp drops in March and record negative World Trade Index oil prices affecting the United States, Brent Oil has managed to rebound. This is partly due to countries reaching an agreement to disengage from current price wars following OPEC (Organisation of the Petroleum Exporting Countries) announcement of a decrease in production.

But with the lack of demand from aviation because of Coronavirus, expectations for a resurgence in price is low. Despite the rebound the late plunge hold prices negative with a 1% decrease.

Unlike other commodities, carbon records a steady increase in prices.

Following a momentous drop of approx. 30% in March, carbon prices began to climb at the start of the April following signs that the coronavirus outbreak was beginning to ease in Italy, Spain and Germany.

However, as the month went on this upward trend was not as significant and prices remained volatile. The trend was hampered by the reduction of French nuclear generation which reduced the amount of green energy available in the UK. This increased the demand for more carbon certificates and a subsequent hike of 14% in the cost of carbon over the month of April.

On the horizon:

A blustery April has led to good wind generation which is expected to drop over coming months and will affect the European price of electricity.

The impact of Coronavirus is beginning to show on economic data adding fears of a global economic slowdown which will continue to impact on the price of commodities but especially oil especially with the non-appearance of any air travel.

Dear Valued Customer,

I hope you are keeping safe and well.

The world has been facing extreme global challenges over the past few months and we are all currently awaiting direction from Government as to when things will return to normality, or indeed clarification of what normality will look like.

Whilst I cannot confirm how and when this will happen,  I can assure you that we at GET have continued to work through these difficult times to look at how we can play our part in helping businesses through and beyond this crisis.

GET are currently providing critical power at a 25% discount from grid prices to the Holiday Inn chain which is housing key workers under the Governments COVID-19 initiative to support frontline workers. This is saving tens of thousands of pounds per site at this fragile time.

Grid power vs G-GEN™ generated power for one hotel providing accommodation for key workers

We can provide power and heat through our highly efficient G-GEN™ engines with zero capital investment. GET will conduct a free appraisal and detail real savings which are available immediately.

This is a great way to reduce current and future energy costs and the time to jump on board is now.

We look forward to supporting a more sustainable and cost-effective energy future for all of our customers.

Best Wishes

Alan Dodd
GET Solutions UK

Click here to take a G-GEN™ virtual tour

If you would like to find out more about The Energy Revolution ™ and how it can help your organisation please contact projects@getsolutions.co.uk, or telephone 024 7630 8830.