October roundup
28 October 2024
8.8MW of capacity (9 sites) secured PPAs through e-POWER this month, most with April 25 start dates.
Just under 200k ROCs sold in October. REGO prices back off a little, with smaller volumes trading.
Auctions dates for November:
REGO - 19th November
PPAs 20th November
ROC - 25th November
RGGO - internal and external testing
September roundup
30 September 2024
e-POWER sold 155k REGOs across 2 auctions in September. 10 bidders took part, placing close to 2,000 bids. The REGOs were eventually awarded to 7 Buyers.
Banking of CP22 ROCs coupled with a downward trend in the RO liable demand forecast continues to suppress prices. Despite that, the ROC auction saw 190k ROCs sold on behalf of 74 Sellers at higher prices than seen in August.
e-POWER secured PPAs for 57MW of capacity across 20 sites during September. Whilst most related to W24, some PPAs were further out to include both summer and winter 2025.
Work continues behind the scenes on our RGGO platform. Details to follow!
Auctions dates for October:
REGO - 17th October
ROC - 23rd October
PPAs - 24th October
RGGO - tbc
August roundup
10 September 2024
July & August e-POWER auctions resulted in 400,000 ROCs and 340,000 REGOs being sold.
Our next auctions will be as follows:
e-POWER - 18th September
e-REGO - 19th September
e-ROC - 30th September
CP23 ROCs Sold
31 July 2024
Our e-ROC auction yesterday was the first to trade CP23 ROCs. The 210k listed ROCs were all sold, with 7 bidders placing over 2,000 bids between them. CP21 and CP22 ROCs also traded, with prices up from last month.
Our next e-ROC auction will be held on 29th August. CP21 ROCs (relating to Apr 2022 - March 23 export) must be redeemed by Suppliers by 1st September and will not be included in our August auction. Anyone with CP21 ROCs to sell should contact us to arrange a separate trade.
Coming soon - RGGO Auctions
26 July 2024
e-POWER have been running online auctions selling renewable certificates and PPAs for over 20 years.
Watch this space for a new platform coming soon to sell Renewable Gas Guarantees of Origin Certificates (RGGOs).
e-REGO Auction Results
25 July 2024
We had another busy e-REGO auction yesterday with over 2,500 bids and 11 successful buyers.
The auction platform remains a great route to market to sell your REGOs and obtain the best prices.
Our next auction dates are:
- e-ROC 30th July 2024
- e-REGO 21st August 2024
- e-POWER (for PPAs) 18th September 2024
We Are Hiring
24 July 2024
We are searching for a Business Development Manager, this is a newly created position to support the strategic growth ambitions of the Company.
Please view the full job description and application details here
e-POWER Auction
23 July 2024
e-POWER held yet another successful PPA auction last week, selling over 28 MW of renewable electricity primarily for Winter 2024 delivery.
The PPAs were awarded to 7 different off-takers who made over 400 bids between them. Hydro, PV and wind all achieved high prices, with biomass and AD performing particularly well.
Our next e-POWER auction will be held on 18th September. We also have our e-REGO auction this Wednesday (24th July) followed by our e-ROC auction on 30th July. For further details please contact us at hello@epower.net.
Meet Our New Managing Director
1 July 2024
We are pleased to announce the appointment of Melanie Reay as our new Managing Director, effective 1 July 2024.
Melanie has been a vital part of our team for many years, working closely alongside our departing Managing Director, Stuart Stephens. Her dedication, expertise, and significant contributions have played a crucial role in our company's success and growth.
With a deep understanding of our business and a shared vision for the future, Melanie is well-equipped to lead us into the next chapter. We are confident that her leadership will continue to drive our company forward and build upon the strong foundation laid by Stuart.
Exciting News from e-POWER
27 June 2024
We're delighted to share with you some very exciting news about e-POWER: our parent company has just become an Employee-Owned Trust (EOT). This type of business ownership model is becoming more common these days, although its origins go back some years with the first company taking this route being The John Lewis Partnership way back in 1929.
The main advantage of a Trust model to e-POWER's parent company, NFPAS Holdings Limited, is that it will help protect the company and staff for the long term as an independent business in the North-East of England. It will also help to ensure that e-POWER continues to do what it does best: providing transparent online auctions for buyers and sellers in the UK energy market, while maintaining the independence and impartiality of our auction platforms.
For e-POWER's trading company, NFPAS Limited, it is business as usual - our buyers and sellers can be assured the change in the ownership structure of our parent company will not impact our auction, billing and settlement activities.
Some further news: we announce the departure of Stuart Stephens, who has decided to step down from his role as Managing Director after 15 years of dedicated service. Throughout his tenure, Stuart has been instrumental in building and growing our business. His leadership, commercial acumen and attention to detail have contributed to the success and reputation of our company.
We are immensely grateful for his contributions and the positive impact he has had on our team and the company as a whole. While we wish him all the best in his future endeavours, we are grateful for his continued support as a Trustee Director of our EOT.
Maximise the value for your CP23 REGOs
27 June 2024
e-POWER run monthly auctions for REGOs and have sold over 3 million CP22 REGOs. Our monthly auctions help spread the risk in what remains an unpredictable market.
The next e-REGO auction dates for CP23 certificates are: 24th July, 21st August and 19th September. Get in touch with our team to discuss your options or to request a copy of our track record.
City of Wolverhampton Council Awards e-POWER Two-Year Contract
1 March 2024
We are delighted to announce that after a competitive tendering process City of Wolverhampton Council has appointed e-POWER to manage its export power contract for its EfW site for the next two years. The plant, operating since 1998, is able to incinerate circa 100,000 tonnes of waste a year with an installed capacity of 9.7 MW generating annually approximately 30,000 MWhs which would be about enough electricity to power 7,000 homes for a year.
John Roseblade, director of resident services at City of Wolverhampton Council, said - 'When we took back over the running of the plant last year, we were determined to ensure we were getting the best price for the electricity exported to the grid from our plant. The tendering process clearly concluded that e-POWER's competitive and transparent online auction, backed up by a very knowledgeable team operating robust processes was the best way to achieve this.'
Stuart Stephens MD of e-POWER responded - 'We are so pleased to be working with the team at City of Wolverhampton Council. We've had a lot of experience over the years selling the power on our auction platform from large EfW plants and in fact right now we are doing this for six EfW sites amounting to some 100MW of installed capacity.'
e-REGO Results
18 January 2024
In our January e-REGO auction, bidding was competitive with prices back above £15.00.
Please see all our results here.
The next auction will take place on 15th February 2024.
e-REGO Results
17 October 2023
In the October e-REGO auction, bidding almost hit £25.00 per REGO with the highest level of bidding ever, over 10k bids.
Please see all our results here.
The next auction will take place on 14th November 2023.
REGO prices exceed £14.00
13 September 2023
The latest e-REGO auction held on 12th September 2023 resulted in prices for CP22 REGOs exceeding £14.00
Please see all our results here.
The next auction will take place on 17th October 2023.
CP22 REGOs exceeded £10.00 in yesterday's e-REGO auction
13 July 2023
The latest e-REGO auction held on 12th July 2023 resulted in prices for CP22 REGOs exceeding £10.00.
Please see all our results here.
The next auction will take place on 12th September 2023.
Cornwall Insight Analysis of e-POWER auction - '55 PPAs auctioned by e-POWER attracting close to 700 bids!'
20 June 2023
Cornwall Insight have just completed some independent analysis on our e-POWER auction platform. We are the only auction/exchange to open 'our books' to outside independent scrutiny and firmly believe that transparency and simplicity in our auction process produces the best outcomes for buyers and sellers in the PPA market. Our service is also backed up by the industry accepted e-POWER PPA and full billing and settlement for buyers and sellers.
Here is the report. We have further auctions on July 5th and September 20th . Please contact us for more details.
e-REGO Results
12 May 2023
Hot off the press we had our latest e-REGO auction on 11th May and it was the first visibility on CP22 pricing for April 23 generated REGOs.
Within 10 minutes we'd had over 1k bids increasing to a total of over 3k by the end of the auction from 11 different bidders. Therefore it was no surprise that REGOs hit their highest price ever on the e-REGO auction platform for CP22 REGOs!
Please see all our results here.
Our next e-REGO auction will be on 1st June.
e-REGO Results
17 November 2022
Bidding was again highly competitive in today's e-REGO auction with close to 6,000 bids from 12 different companies.
This competitive tension helped to push certificate prices up by more than £2.00 since our last auction in September, almost reaching £7.00 for wind and PV REGOs and £5.30 for base load REGOs.
Follow this link to all the results from our e-REGO auctions REGO Summary of Prices (epower.net).
Our next e-REGO auction will be held on Tuesday 17th January 2023.
Please contact us if you require more information.
20th Anniversary e-ROC Auction on Tuesday 25th October
17 October 2022
We are delighted to announce our 20th anniversary e-ROC auction on 25th October. Beginning with quarterly e-ROC auctions our very first one was held on 17th October 2002 . We moved to monthly e-ROC auctions in 2010 and in total over the 20 years we have sold almost 20 million ROCs!
REGO Auction Update
16 September 2022
On September 15th we held another successful e-REGO auction which was very competitive with over 4,200 bids.
Follow this link to all the results from our e-REGO auctions REGO Summary of Prices (epower.net).
Our next e-REGO auction will be held on Thursday 17th November.
Please contact us if you require more information.
REGO prices stay steady
18 July 2022
e-POWER held its sixteenth e-REGO auction on July 12th . Prices have improved quite a bit since our first e-REGO auction back in May 2019 when average prices were just 20p a REGO; in stark contrast to the highest prices of £7.15 on the auction platform in February 2022.
Our latest auction was for CP21 REGOs (April 22 to March 23 generation) and the prices have been relatively stable, this being the third auction for CP21. Baseload REGOs, for example, increased by about 10% to range from £3.26 to £3.55.
For comparison purposes the closest e-REGO auction for CP20 REGOs was in October 2021 when prices were about £1.00 lower than in our latest CP21 auction.
However, it will be easier to compare prices to last year at our next e-REGO auction on 15th September. Going forward we plan to run our e-REGO auctions every other month.
Follow this link to all the results from our e-REGO auctions REGO Summary of Prices (epower.net).
Cornwall Insight Analysis of e-POWER auction - 'highest ever values achieved'
16 February 2022
We are delighted to share with you some independent analysis that Cornwall Insight has done on our e-POWER auction platform. We are the only auction/exchange to open 'our books' to outside scrutiny and firmly believe that transparency and simplicity in our auction process produces the best outcomes for buyers and sellers in the PPA market.
As you might expect in the current market Cornwall Insight has highlighted that the prices achieved in the January 2022 e-POWER auction are the highest ever since they began their yearly analysis of our results back in 2013.
Please find the full report here.
Record Breaking e-REGO Prices!
11 February 2022
Amazing results from this week's e-REGO auction with prices hitting £7.15 for 'deep green' REGOs and over £5.00 for fuelled ones. Prices continued to rise from the last auction held in December and full results can be seen on the e-REGO track record here.
Prices seem to be on an upward trend, with an increasing number of REGOs required to support more domestic and business green electricity tariffs as well as large corporates using REGOs as part of their ESG reporting.
And, of course, helping to drive prices higher is the inbuilt competitiveness of a proven on-line auction model from e-POWER. 13 active bidders helped make this the longest e-REGO auction ever held, with 6,500 bids.
Our next e-REGO auction will be on Thursday 7th April 2022, please follow this link for details on how to buy or sell in e-REGO.
Record Breaking e-REGO Auction!
16 December 2021
Stretching across three days, our e-REGO auction achieved an average of £6.20 for 'deep green' REGOs and £4.25 for fuelled ones. This doubled the values seen in our last auction in October. Full results can be seen on the e-REGO track record here.
Prices seem to be on an upward trend, with an increasing number of REGOs required to support more domestic and business green electricity tariffs as well as large corporates using REGOs as part of their ESG reporting.
And, of course, helping to drive prices higher is the inbuilt competitiveness of a proven on-line auction model from e-POWER. 15 active bidders helped make this the longest e-REGO auction ever held, with over 3500 bids!
Our next e-REGO auction will be on Wednesday 9th February 2021, please follow this link for details on how to buy or sell in e-REGO.
Happy Christmas!
e-REGO auction prices reach £3.00 per certificate
8 October 2021
This week saw the completion of the first e-REGO auction for April 2021 onward certificates. Prices for deep green certificates reached £3.00 per certificate, with fuelled REGO certificates averaging £2.10 per certificate.
Buyer demand was high, with over 20 buyers logging on to the auction site and placing over 5,300 bids. The auction is continuing to develop and is an ideal opportunity for generators to maximise value from their REGOS.
Historic auction prices can be viewed here.
Our next e-REGO auction will be held on Thursday 9th December 2021.
e-ROC Auction Update
1 October 2021
We're celebrating three significant numbers from our e-ROC auction this week:
- Achieving the highest ever ROC price, comfortably exceeding the £55.60 from Feb 2020
- Reaching 18m ROCs sold on e-ROC since our first one in October 2002; therefore
- Selling c. £900m worth of ROCs
High Demand for Deep Green Certificates
10 May 2021
On Thursday 6th May we held an action-packed e-REGO auction, with over 3,500 bids pushing prices up to 71p per certificate.
REGOs (relating to April 2020 - March 2021) from all technologies were sold, however there was huge demand for "Deep Green" certificates (PV, Hydro and Wind) where the auction process pushed prices up to an average of 70p. We understand that bilateral deals prior to the auction had been resulting in prices around the 30p mark. This significant price increase demonstrates that the well-established e-POWER auction models deliver the best market price on the day.
It is hoped that the e-REGO auctions will help continue to develop a market for REGOs, therefore maximising the value for generators. The next auction will be held on Tuesday 5th October 2021.
In order to buy or sell REGOs (or ROCs) in our auctions you will need to complete an agency agreement and to you can view recent REGO prices here.
e-POWER Update
01 March 2021
Building on its largest ever auction in January, when some 82 PPAs were executed on the e-POWER auction, e-POWER held another auction for 23 PPAs starting on February 24th. The assets were across all technologies including wind, PV, hydro, AD, Biomass and LFG.
Interestingly, generators that had looked at re-fixing their PPAs earlier in the month when power prices were higher actually ended up achieving more by waiting for the monthly e-POWER auction.
For example, one seller had offers on three of their sites in mid-Feb when power prices spiked but decided to hold off fixing, until the e-POWER auction. They've let us know that they are very pleased at waiting as their sites received over 40 bids between them and the prices achieved were up to 5% higher than the earlier offers in February.
What is really different with the e-POWER auction, compared with exchanges or brokers, is not some fancy technology but that it replicates a real live auction room with one simple objective - to push the price as high as it will go.
As a bidder you can see the live bids coming in and know immediately when you have been outbid. In contrast to the traditional tender process, or more passive 'price taking' on-line digital 'bulletin board'/exchange platforms, this allows bidders to constantly reassess their position. This creates all the competitiveness that you would expect if you were in that auction room, pushing prices up to, and often beyond, market expectations!
Also, unlike some other platforms, with e-POWER you can pick in advance who can bid on your site and then have absolute certainty that, providing your reserve price is met, all parties are legally bound into the e-POWER PPA so you know the deal will hold.
Our next e-POWER auction is on March 24th. Please get in touch for details.
e-REGO Auction Results
11 February 2021
e-POWER ran another e-REGO auction on Tuesday 9th February. Although the total number of REGOs sold was relatively low, there were still over 1,000 bids and REGOs from numerous sellers were awarded to four winning bidders.
Results of the e-REGO auction may be viewed here.
The next e-REGO auction will be held on Thursday 6th May and will be the final auction for sellers and buyers to trade CP19 REGOs prior to the Ofgem deadline of 1st July 2021.
e-POWER Update - Largest ever Auction !
4 February 2021
We have just held our largest on-line e-POWER auction to date, selling 82 short term PPAs to the highest bidders. This auction built on several others run throughout autumn 2020 for another 51 PPAs. In total, these e-POWER auctions represent close to 500MW of installed capacity.
The January auction ran for three days, starting on January 27th, and during that time 1724 bids were placed by eight different bidders. The bidding hours were 10am to 5pm so the bidders did get some rest!
Bidders (mainly GB electricity suppliers) like the convenience of being able to acquire multiple PPAs all on one platform, whilst generators like the liquidity that the on-line auction brings with numerous bidders having the chance to fight it out, with ever increasing bids, in a live auction environment.
Here's some feedback from happy sellers in last week's auction -
"I work with a number of generators across all technologies and I've been using the e-POWER auction for over 5 years now. I particularly like the reassurance that lots of bidders take part every time a PPA comes up for renewal whilst the fact that e-POWER also look after all the billing really reduces the admin burden for my clients. In this auction I sold 20 PPAs on behalf of my clients and all of them are very pleased with the outcome. Some of the FIT generators now have e-POWER PPAs and can come off the lower government export FIT rate. One client in particular, who has quite tight loan finance in place, is now better off by quite a considerable margin. This has really taken the pressure off and will allow him to invest in other areas, plus his funder is happy too!"
Richard Adams, MD Richard Adams Associates Ltd.
"This is the first time we have sold any of our project PPAs on the e-POWER platform. Monitoring the live bids via the e-POWER viewing portal was a fascinating experience, attracting a surprisingly high level of interest from bidders. The auction for the two sites continued for three days, with almost 40 bids being received between them. The e-POWER auction is a refreshingly transparent process that allowed us to reach many quality bidders and hence achieve very competitive PPA prices. e-POWER has also provided additional services to us during the commissioning phase of new sites, facilitating PPAs in a timely and flexible structure to ensure the energisation process could take place on time."
Jolyon Ridgwell, Investment Manager , Blackfinch Energy
"We have been dealing with the same members of staff at e-POWER since the late 90s, which is a credit to the organisation. If we have any problems, the staff are always ready to give friendly helpful advice. In the latter years the auction process has evolved and as far as we are concerned works very well. We have full visibility of the organisations that will be bidding for our electricity and the result is always competitive. Unfortunately, many companies have become impersonal with verbal communication becoming a thing of the past. This is not the case with e-POWER, they thrive on direct contact, which is one of the main reasons we will continue to work with them".
Huw Smallwood , Owner , Tegni Ltd
Our next e-POWER auction will be on 24th February. Please contact us if you would like more information.
e-POWER Update
23 October 2020
It's been another busy week for the e-POWER team at 'full tilt' with auctions on four days out of five!
Our e-POWER auction ran across three days (Tuesday to Thursday) with 15 PPAs up for grabs across EfW, PV, Wind and AD adding up to close to 80MW of installed capacity. In all, 224 bids were placed by six different buyers.
Interestingly, the wholesale power element of the 12-month PPAs has held for the last couple of auctions now at circa £47/48 per MWh which is higher than the equivalent 12-month values of £45 per MWh back in July.
Some generators are therefore taking that as a positive signal to sell their April 1st 12-month PPAs. Our next e-POWER auction is on November 24th and following that on January 19th.
Today was our other busy auction day running the e-ROC auction. There was much greater bidder activity than we've previously seen for this compliance period (CP) with seven active buyers placing over 2000 bids and pushing CP19 ROC prices above £49.00 for the first time.
e-POWER Update
9 October 2020
October is proving to be a busy month for e-POWER, starting with our seventh e-REGO auction on Thursday 8th October. Although total number of REGOs sold remained relatively low, with just under 55k REGOs traded this time, we continued to see a high level of interest from both sellers and buyers. The October auction included REGOs from 17 different sellers, and REGOs were sold to 6 different buyers. Results of the e-REGO auction may be viewed here and we're pleased to announce that the date of the next e-REGO auction will be Tuesday 9th February 2021.
Later this month we will have our next e-POWER PPA auction, starting on Tuesday 20th October. This will then be followed by our e-ROC auction on Friday 23rd October. In these uncertain times our monthly e-ROC auctions continue to provide an easy route to market for sellers, with well over 100,000 ROCs selling in both the August and September auctions.
For more information on what we offer our PPA customers, please click here. If you are interested in buying or selling REGOs or ROCs in our auctions, please click here.
e-POWER Update
18 September 2020
It has been a busy few days with 30 PPAs representing over 100MW of installed capacity being auctioned on e-POWER across Wednesday and Thursday. Seven buyers took part placing almost 400 bids over the two days.
Most PPAs were from 1st October for either six or twelve months but several plants auctioned their 1st April 2021 twelve-month PPAs.
e-POWER July Update
31 July 2020
Following our large e-POWER auction for 46 PPAs in early July, Cornwall Insight have provided some excellent analysis on the performance of the auction. Their full report can be found here, but they particularly highlighted how the auction allowed sellers to take advantage of an increase in wholesale power prices - reflected in the higher than normal levels of bidding witnessed. This helped overcome some of the uncertainties arising as a result of COVID 19, although those PPAs including 2020/21 ROCs did see a greater impact on prices.
July has continued to be a busy month for e-POWER, with the first e-REGO and e-ROC auctions for this year's certificates. As demonstrated in the e-POWER auction, the demand for 2020/21 certificates is quite subdued due to the pandemic and resulting uncertainty about how may certificates will be required. This had a negative impact on values, with REGOs trading at around 20p and CP19 ROCs trading below the buy-out price of £50.05.
For more information, including how to buy and sell on our auction platforms, please get in touch.
Our next auction dates are as follows -
e-ROC - Friday, 28th August
e-POWER - Wednesday, 16th September
e-REGO - Thursday, 8th October
e-POWER auction 7th to 9th July
10 July 2020
e-POWER has just run one of its largest auctions; 46 PPAs from generators across wind, hydro, biomass, AD, EfW, PV and LFG received an average of 25 bids per site during the online auction. In all, over 100MW of power was sold for PPAs ranging from 6 to 14 months.
The competitive nature of the live auction was reflected in generators' benefitting from an uptick in wholesale power prices. This was coupled with buyer appetite for CP19 ROCs which formed part of the bid on most of the PPAs.
The next e-POWER auction will be on 16th September and there will also be an e-REGO auction on 16th July and e-ROC auction on 29th July.
e-POWER Update
24 April 2020
We had our second largest e-ROC auction ever on Thursday 23rd April. Over 300k ROC were sold with well in excess of 5000 bids received, resulting in ROC sales greater than ?15m. A big thanks to all the buyers and sellers who made that happen . Here at e-POWER we have built up the IT resilience and communication processes to ensure the smooth running of the auction while we are all working from home during these difficult times.
Corporate energy buyers can now bid and buy power on our e-POWER auction platform. This innovation will increase liquidity still further on our online auction, while allowing energy end users to buy power directly from renewable generators and helping them to fulfil their CSR objectives.
Importantly, unlike some other PPA services in the market, with the e-POWER business and auction model all parties have the absolute comfort and certainty that their e-POWER PPA is in force as soon as the auction concludes.
The dates of our upcoming auctions are -
e-REGO - Tuesday, 5th May
e-POWER - Tuesday, 19th May
e-ROC - Thursday, 21st May
e-POWER Business Continuity - COVID 19 Update
17 March 2020
We thought it important that, with the level of uncertainty created by the coronavirus pandemic, we should reassure you that e-POWER have a business continuity framework in place.
All planned auctions will run as scheduled and procedures are in place to avoid any disruption to timetabled billing and settlement dates. In the event that we need to close our office, our IT infrastructure allows the business to operate as normal with all staff having remote access to systems, emails and telephones.
Normal levels of customer service will continue whilst at the same time ensuring the safety and wellbeing of our staff.
76 short term PPAs secured through e-POWER auction
3 March 2020
Through its on line auctions in January and February e-POWER has secured 76 PPAs for generators and suppliers, representing almost 300MW of installed capacity. Generators across the whole spectrum were represented from a small 50kW Hydro plant to a large 40MW EfW facility. Across the two auctions generators had the flexibility to fix their PPA for 3, 6, 12 or 18 months.
All had one thing in common though; high levels of bidding from ten interested electricity suppliers. With wholesale power prices being at their lowest levels for several years the tension of a competitive auction for PPAs becomes even more important.
This is backed up by independent analysis by Cornwall Insight - The January 2020 e-POWER auction saw record value retention levels for generators.
Recently more generators have approached e-POWER requiring PPAs from 1st April and therefore a further auction will be held on 19th March.
Two Successful Renewable Certificate Auctions
4 February 2020
Last week saw the completion of two successful certificate auctions for e-POWER.
The e-ROC auction was held on Tuesday 28th January with ROCs reaching a record high.
On Thursday 30th January we held the newly launched e-REGO auction selling almost 500,000 REGOs to 10 successful buyers. It is hoped that the e-REGO auctions will help continue to develop a market for REGOs, therefore maximising the value for generators. The auction returned an average price of 15p for Biomass REGOs and a higher average price of 26p for REGOs from Hydro, Solar and PV technologies.
In order to buy or sell REGOs or ROCs in our auctions, please click here.
Our next e-ROC auction will be held on Tuesday 25th February 2020 and the next e-REGO auction will be on Wednesday 11th March 2020.
REGO index price trial
12 November 2019
We are pleased to announce the date of our next e-REGO auction, which will be held on Thursday 30th January.
Following this auction we intend to trial releasing a published index price for REGOs. This is in response to requests from generators whose current PPAs have a provision to sell REGOs only where a published price is made available. It is hoped that this will help develop the market for REGOs, therefore maximising the value for these generators by allowing them to use the e-REGO auction to sell their REGOs.
The intention will be to publish two prices as REGOs from technologies such as PV, hydro and wind typically attract higher prices than REGOs from technologies such as landfill, MIW, biomass and biogas.
In order to buy or sell REGOs in our auction, please click here.
Record number of bids in e-POWER auction
23 September 2019
In all 15 sites were auctioned last week across AD, LFG, PV and Hydro technologies.
An average of 41 bids per site were made in the e-POWER auction. One site received an incredible 103 bids! Both this number of bids for an individual site and the average number of bids were e-POWER auction records.
Once again the high level of competitive bidding provides some comfort for generators who may be concerned about softer wholesale power prices but can be reassured that the e-POWER auction will squeeze out the best price for their PPA.
This was backed up by Cornwall Insight reporting on our July 2019 auction which saw the highest level ever reached for generator value retention in an e-POWER auction. You can download the report here.
Please remember our e-POWER auctions are held monthly giving you flexibility over when you choose to fix your PPA
Our upcoming monthly e-POWER auctions are on 15th October and 19th November.
Independent analysis by Cornwall Insight concludes that the e-POWER auction hit record levels in July 2019
20 August 2019
The latest report on the e-POWER auction from Cornwall Insight can be downloaded HERE
Our next auction is on 17th September for PPAs with the earliest start date of 1st October.e-POWER update
22 July 2019
Our latest auction ran across three days from 9th to 11th July. In all, 39 generating sites representing close to 100MW of installed capacity were selling their power to the highest bidder. About half of the sites were also selling their ROCs, with both elements of the bid (power and ROCs) being built into a single bid price.
Many generators prefer selling their ROCs in this way as it means a considerable cash flow benefit as they are paid by the bidder (supplier) two months before the ROCs have even been issued by Ofgem.
As usual, there was a high level of bidding activity, with 10 successful bidders eventually winning the 39 sites after placing close to 850 bids during the auction.
e-POWER now has just over 150 generators selling their power (and ROCs) on the auction platform. Most PPAs tend to be for either 6 or 12 months.
Our next auction is on 17th September for PPAs with the earliest start date of 1st October.
e-ROC update
22 July 2019
Our next e-ROC auction is on 31st July and this will be the last chance for bidders (suppliers) to buy ROCs to meet their CP17 obligation. Unusually this auction in July will have ROCs to sell from three compliance periods; the last opportunity to sell CP16 ROCs (before they become valueless), CP17 ROCs and the first opportunity to sell CP18 ROCs generated in April 2019.
e-REGO update
22 July 2019
Following a successful inaugural e-REGO auction back in May another e-REGO auction will run on 10th September.
e-REGO Auction update
6 June 2019
We are pleased to confirm that we successfully held our first ever e-REGO auction on 23rd May. A total of 22 Sellers entered REGOs for sale and 29 parties registered to buy, with 11 eventually being awarded certificates.
A number of pricing trends were apparent in the auction. Certain technologies attracted a premium, selling nearly 40% higher than the auction average. Based on market information we had expected biomass to receive slightly lower prices and this was reflected in the auction results, with biomass selling c.20% lower than the average price. A small number of REGOs relating to April 2019 (CP18) were included in the auction and prices were, on average, double those for CP17.
Our next e-REGO auction will be on Tuesday, 10th September 2019. Click HERE for more information.
e-POWER auction update
5th March 2019
The latest Cornwall Insight analysis on e-POWER auctions is now available.
Please download the report HERE
Their headline comment on the results of the January 2019 - "The auction saw a new record high for value retention, increasing by three percentage points on average on the July 2018 auction. The average value share retained by generators was 106.8% against assessed post-auction maximum energy benchmark values, compared to 103.8% in the July 2018 auction."
The last e-POWER auction to secure a 1st April PPA, is on March 21st.
Record number of bids in e-POWER auction
29th January 2019
Beginning on Tuesday 22nd January and lasting for three and half days generators received an average of 30 bids from electricity suppliers seeking to win PPAs; the most competitive number of bids ever in an e-POWER auction.
In total power and ROCs from 52 generators was bid on by ten different electricity suppliers but the level of competition left four of the suppliers empty handed by the end of the auction process with PPAs being awarded to six different suppliers.
Most technologies were represented ; EfW, Biomass , AD, PV, wind, LFG and CHP and the majority of PPAs were for terms beginning on April 1st and running for either six or twelve months. There was an even spread across RO and FIT generators in this auction.
ROC prices over £54.00 in e-ROC auction
29th January 2019
The e-ROC auction has been providing a route to market for buyers and sellers since October 2002 and last week saw the highest ever prices in the e-ROC auction; with the average price hitting over £54.00 per ROC.
Almost 180,000 ROCs were sold with a record number of bids; 2555 in total.
The dates of the upcoming e-ROC auctions are:
28th February
21st March
24th April
23rd May
24th June
e-POWER Auction update
28th November 2018
We held our last auction on November 23rd; 26MW made up of seven sites across PV, AD, LFG and EfW were successfully auctioned. It was another busy auction with an average of 18 bids being received for each site from seven different bidders (suppliers), on this occasion. In the end the sites were won by 4 bidders.
PPA lengths varied from 1st December 2018 - 31st March 2019 to 1st April 2019 - 31st March 2020.
In our next auction on January 22nd we hope to have approximately 50 sites to auction.
e-ROC Auction - highest price ever!
28th November 2018
In this e-ROC auction also on 23rd November the average price achieved was the highest ever, breaking the previous record of ???53.27 set over ten years ago in July 2008!
The dates of the upcoming e-ROC auctions are:
21st December
24th January
26 February
21 March
e-POWER - more April 2019 PPAs auctioned
25th October 2018
The auction on Tuesday 23rd October continued the recent trend of generators selling their power for 12 month contracts starting on April 1st 2019. This time it was mainly the turn of the large base loaders with 8 sites representing some 53MW on offer.
Again, there was a high level of bidder activity with 11 suppliers taking part, 6 of them successful in winning assets.
The last auction for this calendar year will be on November 23rd.
e-ROC records a plenty!
25th October 2018
Our largest auction since July 2016 saw close to 200k ROCs sold achieving over ???53.00 a ROC, the highest price since July 2008!
The dates of the upcoming e-ROC auctions are:
23rd November
21st December
Increased interest in PPAs from April 1st 2019 in e-POWER auction
21st September 2018
Another very busy e-POWER auction with a record number of suppliers taking part in the e-POWER monthly auction.
10 suppliers were bidding in this auction and 17 assets (mainly PV) were on offer, representing some 90MW of power. 13 of the 17 were combined PPAs, also including the generators' ROCs. In total 379 bids were placed with 7 of the suppliers successful in winning assets and 3 going home empty handed on this occasion.
14 of the 17 PPAs were for 1st April 2019 start dates. This follows on from 6 1st April 2019 PPAs being sold in the August e-POWER auction. To put this in perspective the first April 2018 PPAs were not sold last year until the October auction (and then only 7 1st April 2018 start dates in total across October and November 2017 auctions).
It would seem that generators are keen to take advantage of current high wholesale power prices securing PPAs well in advance of their start date rather than the usual 1-2 months lead time.
The analysis seems to back up why generators have been auctioning early with a wholesale power price of ???60.27 for a 1st April 2019 12 month PPA at the time of our last auction on August 31st and ???62.91 in this auction. (This contrasts with prices on the same dates in August and September 2017 of ???44.06 and ???44.27 respectively for 1st April 2018 12 month PPAs)
Our upcoming e-POWER auctions are on 23rd October and 23rd November and although e-POWER cannot control the underlying wholesale power price what it can do is provide a very liquid market for generators to fix their PPA for the best price on the day of the auction.
e-ROC auction on 28th September
21st September 2018
Ofgem are due to issue ROCs today for June 2018 generation. If you can transfer your ROCs to us by Tuesday 25th September we can get them in the auction on Friday 28th September.
It's a good time to turn your ROCs into cash, in our last e-ROC auction in August ROCs sold at their highest level since July 2009!
28th September 2018
23rd October
23rd November
21st December
Record levels of bidding in e-POWER auction
4th September 2018
A record number of bids per site were received in last week's e-POWER auction on August 30th and 31st. 405 bids across 15 auction lots equating to an average of 27 bids per site were made during this very busy auction.
Close to 70MW of installed capacity was sold across several technologies including; Landfill Gas, Energy from Waste, PV, Biomass, Wind and AD.
Some of the contracts had 1st October start dates but a number of generators had contacted us to auction their sites from 1st April 2019 to take advantage of current high wholesale electricity prices.
Please contact us if you want to enter our next e-POWER auction on September 20th.
Cornwall Insight have also just completed their analysis on our July auction with their headline comments as follows -
The July 2018 e-POWER auction saw a new record high for value retention compared to previous auctions. The average value share retained by generators was 103.8%, compared to 102.1% in Janaury 2018, 100.8% in July 2017, and 97.2% in January 2017.
You can find their full report here.
e-ROC auction update
4th September 2018
Our e-ROC auction also took place on August 30th and the dates for the upcoming auctions are -
28th September 2018
23rd October
23rd November
21st December
e-POWER auction update
30th August 2018
The latest Cornwall Insight analsyis on e-POWER auctions is now available.
Please download the report HERETheir headline comment on the results of the July 2018 auction - "The July 2018 e-POWER auction saw a new record high for value retention compared to previous auctions. The average value share retained by generators was 103.8%, compared to 102.1% in Janaury 2018, 100.8% in July 2017, and 97.2% in January 2017."
Our next e-POWER auction is on September 20th.
e-POWER auction update
20th July 2018
The latest e-POWER auction took place across two days on 10th and 11th July and the high prices achieved were very much reflective of the current wholesale power market. Strong values in the auction were also helped by the large number of bids; an average of 21 per site. In fact a couple of sites received over 50 bids.
In total 56 sites were auctioned amounting to some 130MW of installed capacity across seven different technologies with sites varying in size from 50kW to 42MW.
The versatility of the e-POWER auction was demonstrated with this auction having the largest range of different contract periods including:
- 3 month PPA starting 01/09/2018
- 6 month PPAs starting 01/10/2018 and 01/04/2019
- 12 month PPAs starting 01/08/2018, 01/09/2018, 01/10/2018, 01/11/2018, 01/12/2018 and 01/04/2019
Our next e-POWER auction is on August 30th.
e-ROC auction update
20th July 2018
The dates of the upcoming e-ROC auctions are:
31st July 2018
30th August 2018
28th September 2018
23rd October
23rd November
21st December
e-POWER Update
31st May 2018
Our latest auction on May 23rd saw sites selling power only achieving over ???60 per MWh, reflective of current high wholesale power prices.
The next chance to lock in these prices will be at our e-POWER auction on July 10th.
e-ROC auction continues upward trend
31st May 2018
Like last month high prices not seen since 2011 have benefited generators' bottom line.
The dates of the upcoming e-ROC auctions are:
22 June 2018
31 July 2018
30 August 2018
28 September 2018
e-POWER auctions - achieving highest ever recorded value according to Cornwall Insight
28th March 2018
In Cornwall Insight's latest analysis of the e-POWER auctions they reveal that the January 2018 auction saw continued average prices above the 100% post-auction value retention benchmark.
They went onto say that 'The average of 102.1% is the highest observed since Cornwall Insight began assessing the auctions'
Please download the report here.
Since January e-POWER has had two further auctions with the latest on 14th March selling close to 50MW across two large PV and EfW sites. One of the PPAs sold was the first Winter 2018/19 auctioned on e-POWER. Offtaker interest was high with 16 bids being received on that one site alone.
The next e-POWER auction will be on 23rd May
e-ROC auction prices increase again
28th March 2018
For a second successive month prices increased on the e-ROC auction on 22nd March. This was in line with forecasters' most recent analysis and and was the highest average price for CP16.
The dates of the upcoming e-ROC auctions are:
25 April 2018
23 May 2018
22 June 2018
Cornwall Insight analysis of January 2018 e-POWER auction results
Cornwall Insight Headline Comments
28th March 2018
The January 2018 auction saw continued average prices above the 100% post-auction benchmark. The average of 102.1% is the highest observed since Cornwall Insight began assessing the auctions.
Please click here to download and view the report.
Adobe Reader is required to view, please click here to download Adobe Reader.
Our next e-POWER auction is on 23rd May
e-POWER auction
5th March 2018
Our latest e-POWER auction completed on Wednesday 28th February. 11 sites representing 38MW across hydro, biomass, AD and PV were won by 5 different suppliers. All the PPAs were for a 1st April start date with contract lengths varying from 2 through to 12 months.
For generators that still require a PPA from 1st April our March e-POWER auction has been pulled forward a few days and will now take place on 14th March.
Record number of bids in e-ROC auction
5th March 2018
This auction took place on Tuesday 27th February and set a new record for the number of bids placed in the e-ROC auction's 15 years history, almost 2000 bids. This helped achieve the highest price so far for CP16.
The dates of the upcoming e-ROC auctions are:
22 March 2018
25 April 2018
23 May 2018
22 June 2018
New record set in e-POWER auction
30th January 2018
Starting on 23rd January and lasting for three days, the largest e-POWER auction to date included a portfolio of 65 generators representing some 280MW of capacity. As usual bidding activity was high with an average of 16 bids per site, one Hydro site receiving a total of 50 bids!
Most technologies were represented; 22 wind, 8 Hydro, 5 Waste to Energy, 1 Biomass, 6 AD, 14 PV, 6 LFG, 1 CHP and 2 mixed tech (LFG and PV). 30 of the sites were for power only (of which 11 were FIT contracts), the other 35 were sold with ROCs. Contract lengths were split pretty evenly between 6 months and 12 months; all with PPA starting dates of 1st April.
Again, as in other recent e-POWER auctions it was noticeable that sites sold with ROCs were receiving quite up upside in values, indicative of bidders building in value for CP17 ROC recycle.
Cornwall Insight will be producing independent analysis of the results from this auction shortly.
The next e-POWER auction will be held on 27th February and it is worth noting that e-POWER not only auction the power for the generator but look after all billing and settlement requirements.
e-ROC auction results
30th January 2018
Prices were down a little in this auction reflective of recent ROC forecast updates.
The dates of the upcoming e-ROC auctions are:
27 February 2018
22 March 2018
25 April 2018
e-POWER Update
24th November 2017
High levels of bidding took the latest e-POWER auction into a second day completing just after lunch on 24th November. On average each site received 12 bids. The seven sites were all RO sites across LFG, Wind and Biomass. Four of the contracts were for 1st April 2018 to 31st March 2019 and the others for shorter term periods ; either 1st December or 1st January through to 31st March 2018.
The next e-POWER auction is on 23rd January 2018 for PPAs with the earliest start date of 1st February 2018.
e-ROC auction up almost 50p
24th November 2017
This auction took place on 23rd November and 87,308 ROCs were sold at an average price of ???49.41 up 47p on last month.
The dates of the upcoming e-ROC auctions are:
21 December 2017
24 January 2018
27 February 2018
22 March 2018
e-POWER auctions first contracts of 2018/19
25th October 2017
Another busy e-POWER auction took place on Tuesday 24th October with 42MW of installed capacity sold across 6 separate generators. EfW and PV were represented in this auction.
The first PPA contracts for the 1st April 2018 to 31st March 2019 were successfully auctioned, attracting a lot of bidder interest.
The next e-POWER auction is on 23rd November for PPAs with the earliest start date of 1st December.
e-ROC auction results
25th October 2017
This auction also took place on 24th October and 82,001 ROCs were sold at an average price of ???48.94 down 24p on last month.
The dates of the upcoming e-ROC auctions are:
23 November 2017
21 December 2017
24 January 2018
27 February 2018
22 March 2018
e-POWER - now auctioning enough renewable electricity to power every home in a city the size of Leeds !
22nd September 2017
Following the completion of this week's auction e-POWER passed an exciting milestone; e-POWER now has over 100 PPAs in place between generators and suppliers auctioned on the e-POWER platform. This is a fivefold increase in just three years and includes generators across all renewable technologies accounting for some 400MW of installed capacity, roughly 1.5 TWh of power and £80m of annual wholesale power.
To put that in perspective that is enough renewable electricity to provide power for approximately 300,000 homes; in fact roughly the number of homes in a city the size of Leeds!
Over the last few years many generators have voted with their feet to take part in the e-POWER auction process that ensures maximum exposure to and dynamic competition between a large number of suppliers for their generating asset. Conversely suppliers, both big and small, see e-POWER as a convenient route to acquiring generator output for their portfolio.
Specifically in Tuesday's auction 20 sites were sold representing some 40MW of power across six technologies, namely; Hydro, Wind, Biomass, AD, PV and LFG. Contract lengths varied from 2 through to 12 months and both RO and FIT sites were auctioned.
Bidding was intense with an average of 20 bids per site causing the auction to go into a second day on some of the sites; two LFG generators and one Hydro generator in Scotland attracted in excess of 50 bids each!
As in the last couple of e-POWER auctions it was the contracts sold with ROCs and power that received the largest number of bids, reflecting the higher ROC values forecasted for CP16 ROCs.
The next e-POWER auction is on 24th October for PPAs with the earliest start date of 1st November.
e-POWER auction breaks all records!
31st August 2017
According to Cornwall Insight relative to the market the last e-POWER auction in July achieved record results hitting 100.8% when benchmarked against market rates.
You can read the full report from Cornwall Insight here (Adobe Reader is required to view, please click here to download Adobe Reader).
Just a reminder that our next e-POWER auction is on 19th September. In order to auction your asset in this auction we will need all your details by Monday 4th September. Click here for more information.
e-ROC auction results
31st August 2017
Today's e-ROC auction saw average prices rise by 68p to ???49.07. The auction comprised CP16,15 and a small amount of CP14 ROCs. Over 1600 bids were received and a total of 81,591 ROCs were sold. 27,135 ROCs remained unsold having not reached their reserve price.
The dates of the upcoming e-ROC auctions are:
28 September 2017
24 October 2017
23 November 2017
21 December 2017
Cornwall Insight analysis of July 2017 e-POWER auction results
Cornwall Insight Headline Comments
7th August 2017
The July 2017 auction continued recent auction trends of increased generator value retention through e-POWER. Extending the trend to new levels, the auction achieved a new record of 100.8% average value retention, the highest Cornwall Insight has observed since assessing the auctions.
Please click here to download and view the report.
Adobe Reader is required to view, please click here to download Adobe Reader.
Our next e-POWER auction is on 19th September
e-POWER auction
28th July 2017
We will be circulating during August independent analysis by Cornwall Insight on our e-POWER auction held earlier this month.
As already foreshadowed our next e-POWER auction is on 19 September.
e-ROC auction for CP16 ROCs
28th July 2017
Today's e-ROC auction was the first time that CP16 ROCs were available for sale (ROCs generated in April 2017) and was the last auction for suppliers to buy ROCs to meet their CP15 obligation. The July auction is always an interesting one as it contains ROCs from three different compliance years. (On this occasion CPs 14,15 and 16). The average price achieved in the auction was ???48.39 (an average of the three CPs) and this was an increase of 54p on the month before. In terms of the spread CP14 ROCs sold for 2.1% less than CP16 and CP15 ROCs sold for 1.7% less than CP16.
We do not publish the actual average value by CP but are happy to provide more detailed information for any current users of either of our platforms; e-POWER and e-ROC.
In total 128,903 ROCs were sold which is over 60% up on last month.
The dates of the upcoming e-ROC auctions are:
31 August 2017
28 September 2017
24 October 2017
23 November 2017
21 December 2017
Record 200MW of PPAs auctioned
17th July 2017
43 sites representing some 200MW of installed power and renewable benefits have been successfully auctioned during the latest e-POWER auction running over three days from Tuesday 11th July to Friday 14th July. The auction also included the last 15 legacy NFFO contracts.
In a highly competitive auction 19 electricity suppliers took part with an average of 19 bids being received for each site. One hydro site received 50 bids!
Baseload generators and sites that sold their ROCs as part of their PPA did particularly well (implying that bidders were building in higher values for CP16 ROCs)
Most technologies were represented consisting of 20 Wind, 7 Hydro, 4 EfW, 1 Biomass, 9 PV, 14 LFG and 3 mixed technology sites.
The contract PPA lengths varied from 3 mths through to 12 mths.
The next e-POWER auction will be on Tuesday 19th September 2017.
e-ROC auction results
17th July 2017
The next e-ROC auction is on 28th July 2017 and will be the last auction for suppliers to buy ROCs to meet their CP15 obligation.
e-POWER auction for 60 sites
27th June 2017
The next e-POWER auction starts on July 11th. 60 sites representing some 250MW will be auctioned. 45 of these sites are for generators auctioning directly to suppliers and 15 are the legacy NFFO contracts.
e-ROC auction results
27th June 2017
The monthly e-ROC auction took place on Tuesday 27th June with 78,429 ROCs sold. 30,000 ROCs remained unsold having not met their reserve price. The average price dropped 6p to ???47.85, perhaps reflecting recent forecasts of a higher ROC supply in CP15.
The last auction to sell ROCs to meet the August CP15 supplier ROC submission to Ofgem is on 28th July.
The dates of the upcoming e-ROC auctions are:
28 July 2017
31 August 2017
28 September 2017
24 October 2017
23 November 2017
21 December 2017
e-POWER Auction
e-POWER auctions 77MW
30th May 2017
An auction lasting two days (25th and 26th May) has sold 77MW of installed capacity across some 16 assets comprising several technologies; PV, AD, CHP and Hydro. Both FIT and RO sites were represented and contract lengths varied from 3 to 12 months.
Most noticeable was the high prices and the number of bids (an average of 16) on the RO sites which is perhaps reflective of the under supply in the current ROC market.
The next e-POWER auction is on Tuesday 11th July and the deadline for registering your site for this auction is Tuesday 27th June.
e-ROC Auction - prices jump up by almost ???1.00
30th May 2017
The monthly e-ROC auction took place on Thursday 25th May with 96,253 ROCs sold, up 12% on the previous auction. The average price jumped up a further 95p to ???47.91 and continues the trend of the e-ROC average price increasing every month this calendar year.
It is worth noting that there are only two more auctions to sell ROCs to meet the August CP15 supplier ROC submission to Ofgem.
The dates of the upcoming e-ROC auctions are:
27 June 2017
28 July 2017
e-POWER Auction
27th April 2017
Our next e-POWER auction is on 25th May 2017. Please get your details to us by 11th May to take part in this auction.
e-ROC Auction - small tick up in price
27th April 2017
The monthly e-ROC auction took place today with 85,752 ROCs sold, up 24% on the previous auction. The average price increased to ???46.96 up 26p from last month.
The dates of the upcoming e-ROC auctions are:
25 May 2017
27 June 2017
28 July 2017
31 August 2017
28 September 2017
24 October 2017
23 November 2017
21 December 2017
A more detailed schedule on auction dates can be found here.
Cornwall Insight analysis of January 2017
e-POWER auction results
Cornwall Insight Headline Comments
24th March 2017
The January 2017 auction continued the recent trends of rising ???/MWh values for generator. This was due to both increased wholesale prices and an uptick in Roc price assumptions. Additionally, ???/MWh outturn values were pushed upwards by higher value retention, with retention significantly higher than the previous two seasonal auctions at 97.2%.
Please click here to download and view the report.
Adobe Reader is required to view, please click here to download Adobe Reader.
e-POWER Auction
23rd March 2017
Today's e-POWER auction was across several technologies; AD, Hydro and Wind with contracts varying from 3 to 12 months. Both RO and FIT sites were represented today.
Our next e-POWER auction is on 25th May 2017. Please get your details to us by 11th May to take part in this auction.
e-ROC Auction - another increase in average price
23rd March 2017
The monthly auction took place today with 69,393 ROCs sold. The average price increased to ???46.70 up 92p from last month. This average price is now almost ???2.00 above the CP15 buyout price. Although bidder activity was high with over 1500 bids, 17k ROCs remained unsold having not met their reserve price (which was over ???46.70).
The dates of the upcoming e-ROC auctions are:
27 April 2017
25 May 2017
27 June 2017
e-POWER auction results
80MW auctioned across 16 sites
28th February 2017
The latest monthly e-POWER auction took place today. In total there were 16 sites across PV and mixed generation; in fact one site consisting of four different generators namely 2 AD gensets, PV and wind all through one MPAN! The contracts ranged in length from 3 to 12 months and attracted a lot of bidder activity.
Our next e-POWER auction is on March 23rd 2017. Please get your details to us by 9th March to take part in this auction.
e-ROC Auction - large increase in average price
28th February 2017
The monthly auction took place today with 76,445 ROCs sold. The average price increased to ???45.78 up ???1.70 from last month. One of the largest monthly increases to date and reflective of forecasters' views on increased ROC values for CP15. Bidder activity was high with over 1200 bids placed during the auction.
The dates of the upcoming e-ROC auctions are:
23 March 2017
27 April 2017
25 May 2017
27 June 2017
e-POWER auction results
160MW auctioned across 52 sites
30th January 2017
The latest online e-POWER auction was completed on Thursday 26th January 2017. The auction lasted three days and attracted 1047 bids, a record average of 20 bids per site. In total 19 electricity suppliers took part and the sites auctioned included the last 16 legacy NFFO contracts as well as 36 commercial generators selling their power directly to suppliers on the e-POWER platform. All technologies were represented consisting of 8 Hydro, 23 Wind, 5 Waste to Energy, 2 AD, 2 PV and 12 LFG. The contract PPA lengths varied from 6 months through to 14 months.
The large number of bids reflected a very competitive auction leading to high prices with FIT sites for example achieving well in excess of the administered FIT rate of ???49.10 per MWh.
Independent analysis of the e-POWER results will be provided by the Cornwall Insight Team within the next few weeks and click here if you wish to view and listen to a recent REA seminar on the e-POWER auction model.
The next e-POWER auction will be on 28th February 2017
e-ROC Auction
30th January 2017
On Friday 27th January 2017 the monthly e-ROC auction took place with 60,794 ROCs sold. The average price increased to ???44.08 up 82p from last month and is reflective of forecasters views of increased values for CP15 due to lower wind speeds and the movement of one of the Drax units from the RO to the CfD support mechanism.
15,000 ROCs remained unsold due to not meeting their reserve price.
The dates of the upcoming e-ROC auctions are:
28 February 2017
23 March 2017
27 April 2017
25 May 2017
27 June 2017
REA e-POWER Seminar
30th January 2017
Please see the PowerPoint presentation below from the seminar held by The REA regarding the e-POWER auction on the 24th January.
e-POWER Auction
22nd December 2016
Our next e-POWER auction will be on 24th January 2017.
So far we have about 50 sites for this auction. Please let us know by January 3rd if you wish to auction your site.
Over 1000 bids placed in e-ROC Auction
22nd December 2016
In today's monthly e-ROC auction, over 1000 bids were placed in a very competitive auction between 9 bidders. The average price increased to ???43.26, up 61p on last month. This may partly be a reflection of market sentiment following the news this week of the European Commission???s decision to approve the Contract for Difference awarded to Drax unit one. Up till now, the Drax unit had been receiving ROCs - in fact 5% of all ROCs issued during the first 5 months of this compliance period.
147,169 ROCs were sold; up over 50,000 on the month before and up over 30,000 on December last year.
The dates of the upcoming e-ROC auctions are:
27 January 2017
28 February 2017
23 March 2017
27 April 2017
25 May 2017
27 June 2017
e-POWER Bulletin
20th December 2016
Click here to read our eleventh e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER Auction Results
e-POWER- Record 180MW of PPAs auctioned
28th November 2016
28 sites representing some 180MW of power and renewable benefits have been successfully auctioned on Friday 25th November and Monday 28th November. Over 200 competitive bids were received for a range of sites and technologies from 0.5MW FIT wind sites to 40MW EfW sites.
The e-POWER auction is a flexible route to market for generators able to pick the PPA period that suits them best. PPAs in this auction varied between 1 year from 1st December, 3 months from 1st January, 6 months from 1st April and 12 months from 1st April.
The next e-POWER auction will be on 24th January 2017.
e-ROC Auction
28th November 2016
On Friday 25th November the monthly e-ROC auction took place with the average price increasing to ???42.65 up 6p on last month. 94,011 ROCs were sold up almost 3,000 on the month before and over 40,000 up on November last year.
The dates of the upcoming e-ROC auctions are:
22 December 2016
27 January 2017
28 February 2017
23 March 2017
27 April 2017
25 May 2017
27 June 2017
e-POWER Auction
27th October 2016
35 MW across four PV, Hydro and EfW sites were sold in today's e-POWER auction. Various PPA contract lengths were available; 1 year from 1st December, 1 year from 1st April and 6 months from 1st April . Bidder activity was high with over 40 bids received on the four sites.
The next e-POWER auction is on November 25th.
e-ROC Auction
27th October 2016
In today's monthly e-ROC auction the average price increased to ???42.59 up 11p on last month. 91,296 ROCs were sold and just over 30k ROCs were left unsold not meeting their reserve price.
The dates of the upcoming e-ROC auctions are:
25 November 2016
22 December 2016
e-POWER Auction Update
30th September 2016
Our next e-POWER auction will be on Thursday 27th October. If you require a PPA to start from mid-November at the earliest please contact us.
Small price increase in e-ROC auction
30th September 2016
In today's monthly e-ROC auction the average price increased to ???42.48 up 14p on last month. 66,265 ROCs were sold and close to 25k ROCs did not meet their reserve prices.
The dates of the upcoming e-ROC auctions are:
27 October 2016
25 November 2016
22 December 2016
e-POWER Bulletin
5th September 2016
Click here to read our tenth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER auction results
Eight PV Sites Auctioned
31st August 2016
The power and renewable benefits from eight PV sites has been successfully auctioned on 22nd August 2016. Close to 50 bids from five suppliers made it very competitive.
The next e-POWER auction is on 27th October 2016.
The ROC market moves up in the latest e-ROC auction
31st August 2016
ROC prices increased in today's e-ROC auction. The average price gained 69p from last month to reach ???42.34. Over 700 bids were placed and 75,296 ROCs were sold. 25,000 ROCs did not meet their reserve price. Although volumes were down on the last few months the number of ROCs sold was up over 20% on August 2015.
The dates of the upcoming e-ROC auctions are:
30 September 2016
27 October 2016
25 November 2016
22 December 2016
Cornwall Energy analysis of July 2016
e-POWER auction results
Cornwall Energy Headline Comments
3rd August 2016
The July 2016 e-POWER auction reversed recent trends of falling total ???/MWh values seen over the last 24 months, following the recent uplift in wholesale power prices.
Please click here to download and view the report.
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'STOP THE PRESS' - e-POWER auction date change!
29th July 2016
Due to a number of generators requiring a 1st September PPA start date the e-POWER auction is moving from 31st August 2016 to Monday 22nd August 2016. So far 4 PV sites representing circa 30MW will be auctioned on that day.
If you wish to enter your site too please contact us ASAP.
Over 1/4 million ROCs sold in latest e-ROC auction
29th July 2016
The July auction is always a bit different with ROCs for sale from three compliance years; CP13 ROCs that are very close to their 'sell by' date, CP14 ROCs and the first batch of CP15 ROCs from April 2016 generation. As expected bidder interest was high with just under 1200 bids placed by 10 suppliers in today's auction, the second largest number of bids in 12 months.
257,927 ROCs were sold.The average price was ???41.65 up 30p on last month. As you would expect CP13 ROCs sold at a small discount to this average. CP14 and CP15 ROCs sold at almost the same price reflective of the buy-out prices for both years being very similar and the oversupply in CP14 pushing through to CP15.
The dates of the upcoming e-ROC auctions are:
31 August 2016
30 September 2016
27 October 2016
25 November 2016
22 December 2016
e-POWER AUCTION RESULTS - 326MW successfully auctioned
18th July 2016
The latest online e-POWER auction was completed on Thursday 14th July 2016. The auction lasted three days and attracted 865 bids across 61 sites. In total 19 suppliers took part and the sites auctioned were spread across NFFO contracts as well as commercial generators selling their power directly to suppliers on the e-POWER platform. All technologies were represented consisting of 23 wind sites, 17 LFG sites, 8 hydro plants, 6 PV sites, 4 EfW sites and 3 AD sites. The average site size was 5.3MW but the range of sizes was wide from a 5kW PV site to a 45MW EfW plant.
The number of commercial sites auctioned on e-POWER continues to grow with 32 auctioned this time bringing the total number of commercial sites with PPAs from the e-POWER auction to 69, representing some 300MW of power.
The REA also ran a webinar during the auction explaining how the e-POWER model works as well as accessing the live auction. A recording of this webinar can be found here.
The next e-POWER auction will be on 31st August 2016 and will be for generators requiring a PPA from 1st October 2016 at the earliest.
e-POWER Auction Update
24th June 2016
The next e-POWER auction is on 12 July 2016. Please contact us ASAP if you wish to sell your generating asset for a PPA beginning at the earliest date of 1 August 2016.
The REA will be running a live webinar at 2pm on 12 July while the auction is live. Please sign up here for this free webinar.
e-ROC Auction, another record month!
24th June 2016
Today 24 June 2016 may well be remembered for a different momentous event, however the e-ROC auction resulted in another record month selling 322,929 ROCs. Over the last two auctions in excess of half a million ROCs have been bid on by twenty different suppliers proving the e-ROC auction reaches a large part of the obligated supplier market.
In line with the oversupply of CP14 ROCs the average price slipped back 31p to ???41.35.
The dates of the upcoming e-ROC auctions are:
29 July 2016
31 August 2016
30 September 2016
27 October 2016
25 November 2016
22 December 2016
e-POWER Bulletin
15th June 2016
Click here to read our ninth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
25th May 2016
e-POWER monthly auction
Over 30MW of power from PV and wind RO and FIT sites were sold today. Our next e-POWER auction is on 12th July 2016. Please contact us now to include your site in this auction or if you just want to know what it is all about the REA are running a live webinar during the e-POWER auction on 12th July at 2pm. Please click here to take part in this free webinar.
Largest ever e-ROC auction pushes e-ROC past the 10 million milestone!
Today witnessed the largest ever e-ROC auction with 256,344 ROCs sold. This resulted in a major milestone being achieved with over 10 million ROCs having been sold on the platform since the first auction way back in October 2002. At that time the auction was only run quarterly. e-ROC moved to monthly auctions in 2010 with average volumes of 50,000 ROCs being sold each month. Over the last year monthly volumes sold in the auction have increased to an average of over 125,000 ROCs per month.
A record number of electricity suppliers took part again today with bids being made by 15 suppliers. With continued over supply of ROCs for CP14 the average price in the auction was ???41.66, down 15p on last month.
The dates of the upcoming e-ROC auctions are:
24 June 2016
29 July 2016
31 August 2016
30 September 2016
27 October 2016
25 November 2016
22 December 2016
e-POWER and e-ROC AUCTION RESULTS
28th April 2016
e-POWER monthly auction
The auction held on 27th April attracted a lot of bidding with the sites sold achieving 97% of the full market value. This month's online e-POWER auction allowed the generators to take advantage of the uptick in wholesale power prices over the last couple of weeks.
The next e-POWER auction will be on 25th May.
Record number of bidders in e-ROC auction
15 bidders took part in the 27th April e-ROC auction placing over 1500 bids. This is a record number of bids and bidders, because in addition to the usual electricity suppliers a sizeable number of smaller suppliers also used the auction to meet their CP14 ROC obligation.
148,402 ROCs were sold, a little down on last month but more than double the number in the same month last year. Despite continued over supply of CP14 ROCs the average price from the auction held up quite well, down only 12p from last month to ???41.81.
The dates of the upcoming e-POWER and e-ROC auctions are:
25 May 2016
24 June 2016 (e-ROC only)
12 July 2016 (e-POWER only
29 July 2016
31 August 2016
30 September 2016
27 October 2016
25 November 2016
22 December 2016
If you are at All Energy in Glasgow next week please come and see us on Stand G01
e-POWER Bulletin
30th March 2016
Click here to read our eighth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
24th March 2016
e-POWER monthly auction
This auction was re-arranged for 17th March 2016 to take account of generators requiring PPAs from 1st April 2016. Prices were a little lower than the January and February e-POWER auctions due to increased uncertainty regarding future ROC prices. (more detail below on ROC forecasts).
Over 150k ROCs sold in e-ROC auction
A larger number of bidders than usual took part; ten suppliers placed close to 600 bids resulting in the sale of 153,664 ROCs. This volume is down a little on last month but up almost 100k on the same month last year. The average price was ???41.93 per ROC, down 26p on last month; a smaller fall than might be suggested by current market conditions of heavy oversupply for CP14 which may also feed through to CP15.
Forecasters have recently pointed to a circa 3.5 million increase in ROC supply from Drax and a 3 to 3.5 million ROC oversupply from offshore wind caused by November 2015 to February 2016 having the highest ever recorded load factors - December 2015 alone was 68%!
The dates of the upcoming e-POWER and e-ROC auctions are:
27 April 2016
25 May 2016
24 June 2016 (e-ROC only)
12 July 2016 (e-POWER only
Cornwall Energy analysis of January 2016
e-POWER auction results
Cornwall Energy Headline Comments
1 March 2016
The January 2016 auction saw the largest ever capacity of commercial sites auctioned.
This auction also exhibited new trends; sharp reductions in wholesale prices have incentivised generators to choose different contract lengths in the auction, based on their view of future prices. New contract lengths indicate the flexibility demanded by generators, a trend increasing in the market with recent policy and market changes.
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e-POWER and e-ROC AUCTION RESULTS
24th February 2016
e-POWER monthly auction
A small number of PV and LFG generators sold their power in today's auction. The latest independent analysis by Cornwall Energy on our monthly e-POWER auction results can be downloaded here.
Almost 180k ROCs sold in e-ROC auction
The largest volume of ROCs in nearly two years was auctioned today. Almost 750 bids were received from eight suppliers resulting in the sale of 178,443 ROCs.
The average price was ???42.19 per ROC, down 51p and reflective of forecasters' views of an even higher ROC over supply for CP14.
The dates of the upcoming e-POWER and e-ROC auctions are:
17 March 2016 (e-POWER)
23 March 2016 (e-ROC)
27 April 2016
25 May 2016
24 June 2016
e-POWER and e-ROC AUCTION RESULTS
28th January 2016
e-POWER - Record 150MW of Commercial PPAs auctioned!
The latest online e-POWER auction for renewable electricity was completed on Thursday 28th January 2016. In addition to the statutory NFFO contracts a record 150MW of power and renewable benefits was sold for commercial generators across 42 sites. Most technologies and sizes were represented ; Hydro, wind, PV, AD, EfW and LFG ranging from 50kW to 19.5MW. The PPA contracts were for either six or twelve months.
Bidder interest was high with 18 suppliers taking part in the auction and the results will be analysed and reported on by Cornwall Energy within the next couple of weeks. The REA also ran a live webinar during the auction which can still be viewed here.
The next e-POWER auction will be on 24th February 2016 and this will be mainly for generators requiring PPAs from 1st April 2016.
Over 150k ROCs sold
The largest volume of ROCs sold since July 2014 was auctioned on Thursday 28th January. Over 600 bids from eight suppliers were received resulting in the sale of 151,868 ROCs in the e-ROC auction.
The average price was ???42.70 down 16p on last month.
The dates of the upcoming e-POWER and e-ROC auctions are:
24 February 2016
17 March 2016 (e-POWER)
23 March (e-ROC)
27 April 2016
25 May 2016
24 June 2016
REA Webinar on the e-POWER Auction Model
28 January 2016
We were delighted that the REA hosted a webinar on us while our large January 2016 auction was actually running. Please watch this to get an overview of how e-POWER can get you the best price for your short term PPA.
Royalty Free Music from Bensound
e-POWER Bulletin
15 January 2016
Click here to read our seventh e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
Cornwall Energy analysis of monthly e-POWER auctions
Cornwall Energy Headline Comments
15 January 2016
Overall, analysis shows that monthly e-POWER auctions have shown consistent value retention against maximum market benchmarks, both before and after the removal of Lecs as a value source.
Average value retention of 98.9%, a rise on previous averages seen in seasonal e-POWER auctions, is indicative of wider trends in the short-term PPA market with competition increasing value retention achieved by generators.
Performance of sites in the monthly e-POWER auctions showed that value shares retained by generators are towards the upper end when compared with those, that we are aware of, being achieved in other routes to market.
Please click here to download and view the report.
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e-POWER and e-ROC AUCTION RESULTS
22nd December 2015
Watch live our e-POWER auction in January
Over 80 generating sites are planning to take part in the January e-POWER auction representing close to 500MW. The REA are hosting a webinar at 2pm on 26th January (the first day of the auction) and Gaynor Hartnell ex-CEO of the REA will walk through the auction process, prices previously achieved and the live auction actually taking place that day. Click here to register for this free webinar.
There's also still time to register your site for the auction. Click here for more details.
Our next e-POWER auction open to all generators is on 26 January 2016.
Market prices soften in e-ROC auction
The scheduled e-ROC monthly auction took place on Tuesday 22nd December. Close to 600 bids were received from nine bidders resulting in 114,675 ROCs being sold. The average prices was ???42.86 down 39p on last month.
The dates of the upcoming e-ROC auctions are:28th January 2016
24th February 2016
17rd March 2016
27th April 2016
25th May 2016
24th June 2016
e-POWER and e-ROC AUCTION RESULTS
26th November 2015
Record monthly volume sold in e-POWER auction
Just over 80MW of power and renewable benefits were sold across six sites in the latest monthly e-POWER auction on Thursday 26th November. This is the largest volume sold in the monthly auctions to date, beating the previous record of 50MW in November 2014.
The six sites in the auction were from three technologies; PV, LFG and EfW. The PPA contracts were for varying lengths between 1st January 2016 and 30th September 2016. Prices achieved were higher than expected and indicative of bidding activity and the competitive nature of the online auction. More analysis to follow in our e-POWER Bulletin before Christmas.
Our next e-POWER auction open to all generators is on 26 January 2016.
Prices tick up 50p in e-ROC auction
The scheduled e-ROC monthly auction also took place on Thursday 26th November. Like last month over 500 bids were received from 11 bidders resulting in 56,864 ROCs being sold. Although this volume is down on last month it is on par with the volumes sold in November 2014.
The average price was ???43.25 up 50p on last month.
e-POWER Bulletin
6 November 2015
Click here to read our sixth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
27 October 2015
e-POWER Update
Our next e-POWER auction is on Thursday 26th November. So far there is 45MW to bid on. Please follow this link to enter your site into the auction.
Almost 100k ROCs sold in e-ROC auction
The scheduled e-ROC monthly auction took place on Tuesday 27th October. Over 500 bids from 9 suppliers were made resulting in 97,901 ROCs being sold. This volume is up over 30k on last month and more than double the volume sold in the same month last year.
The average price was ???42.75 down 19p on last month although the average price was subdued somewhat by the high number of CP13 ROCs sold in the auction this time.
The dates of the upcoming e-ROC auctions are:Thursday 26th November
Tuesday 22nd December
e-POWER and e-ROC AUCTION RESULTS
30 September 2015
Prices rise in e-ROC auction
The scheduled e-ROC monthly auction took place on Wednesday 30th September 2015 with high levels of bidding reaching almost 1000 bids.
67,329 ROCs sold at an average price of ???42.94, up 41p on last month. 75,701 were left unsold due to high reserve prices being set.
The dates for the next e-ROC auctions are:
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
e-POWER Bulletin
9 September 2015
Click here to read our fifth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
28 August 2015
Next e-POWER auction on 30th September 2015
With the removal of the value of the LEC getting the best price for your power and embedded benefit is more important than ever. Our next e-POWER auction is on 30th September 2015. Independent analysis from Cornwall Energy has shown that the bidding in the e-POWER auction has produced market beating prices.
Please follow this link for details on how to enter your site(s) into the 30th September e-POWER auction.
62,000 ROCs sold
28th August 2015
The scheduled e-ROC monthly auction took place on Friday 28th August 2015 with 62,165 ROCs sold at an average price of ???42.53. Average prices were down by 20p from last month and over 50,000 ROCs were left unsold as they did not meet their reserve prices.
The price uncertainty for CP14 ROCs is due to the large amount of CP13 ROCs being banked and also the forecasted amount of ROCs expected onto the market due to new accreditations and higher than expected wind generation.
The next e-ROC auction is on 30th September 2015.
The dates of the upcoming e-ROC auctions are:
Wednesday 30th September
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
e-POWER and e-ROC AUCTION RESULTS
30 July 2015
Next e-POWER auction on 28th August 2015
With the removal of the value of the LEC getting the best price for your power and embedded benefit is more important than ever. Our next e-POWER auction for PPAs starting from 1st October 2015 is on 28th August 2015. Independent analysis from Cornwall Energy has shown that the bidding in the e-POWER auction has produced market beating prices.
Please follow this link for details on how to enter your site(s) into the 28th August e-POWER auction.
First CP14 ROCs sold
Over 800 bids were placed in the e-ROC auction on Thursday 30th July 2015 from fourteen different bidders; the largest number of bidders to date to participate in the e-ROC auction. 104,933 ROCs were sold across compliance periods 12, 13 and 14 ROCs.
The average price was up 61p from last month to ???42.73. Although CP14 ROCs helped push up this average CP12 and CP13 ROCs were still trading at higher prices than last month.
The next e-ROC auction is on 28th August 2015.
The dates of the upcoming e-ROC auctions are:
Friday 28th August
Wednesday 30th September
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
100 sites to be auctioned in July e-POWER auction
e-POWER is gearing up for what could be its largest auction so far this year on Tuesday 7th July when 100 sites will auction their power to the highest bidder. So far most PPAs being auctioned are for the six month winter 2015/16 period or for 12 months. All technologies and sizes of plant are represented from sites accredited under the RO and also an increasing number of FIT sites.
Please follow this link for details on how to enter your site(s) into the 7th July e-POWER auction.
Almost 140k ROCs sold in latest e-ROC auction
Over 800 bids were placed in the e-ROC auction on Wednesday 24th June from ten different bidders. 139,668 ROCs were sold, an increase of 31% on last month.
With forecasters now predicting an increased possible oversupply of 1.6 million ROCs in CP13 the average price slipped back to ???42.12, down 32p on last month's average.
The next e-ROC auction on 30th July will be the last opportunity for generators to sell their ROCs to suppliers to meet their CP13 obligation.
The dates of the upcoming e-ROC auctions are:
Thursday 30th July
Friday 28th August
Wednesday 30th September
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
e-POWER Bulletin
8 June 2015
Click here to read our fourth e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
26 May 2015
140MW sold in e-POWER monthly auctions
The latest monthly e-POWER auction took place on Friday 22nd May for 13MW of power and renewable benefits. Momentum has been growing for e-POWER???s monthly auctions (outside of the established twice yearly auctions in January and July).
In total e-POWER has now run six monthly auctions and has reached the 140MW installed capacity milestone, auctioning 30 PPAs from all technologies including Energy from Waste, PV, Hydro, Wind and Landfill Gas. Adding in the PPAs auctioned in the January and July auctions e-POWER now accounts for approaching 600MW of installed capacity.
PPA lengths have varied from 2 to 13 months offering both the generator and supplier a very flexible route to market.
The next e-POWER auction is on 7th July 2015 and this will be for any PPA requiring a start date of 1st August through to 1st October 2015.
Please follow this link for details on how to enter your site into the 7th July e-POWER auction.
Over 100k ROCs sold in latest e-ROC auction
Almost 700 bids were placed in the e-ROC auction on Friday 22nd May from ten different bidders. 106,611 ROCs were sold, an increase of 53% on last month.
With forecasters still predicting an oversupply of ROCs in CP13 the average price barely moved from last month???s auction, down just 1p to ???42.44.
The dates of the upcoming e-ROC auctions are:
Wednesday 24th June
Thursday 30th July
Friday 28th August
Wednesday 30th September
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
e-POWER at All-Energy 2015
8 May 2015
Please see the e-POWER presentations made at All Energy at the sessions on Funding renewables in a CfD environment and Solar in all its Forms.
Both presentations outlined the financial benefits for generators who use the e-POWER auction and the way that revenue is maximised for the generator the shorter the PPA duration is.
The PowerPoint Presentations are best viewed opened in a new window and selecting the 'Slide Show' view option.
e-POWER Bulletin
5 May 2015
Click here to read our third e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER and e-ROC AUCTION RESULTS
23 April 2015
e-POWER Update
The latest monthly e-POWER auction took place today for 46MW of power and renewable benefits. Although the capacities were large it involved only two sites so it is not possible to publish auction price outcomes.
However bids were high and sites achieved circa 99% of theoretical maximum value levels.
The next e-POWER auction is on 22nd May 2015 and this will be for any PPA requiring a start date of 1st June through to 1st August 2015.
Please follow this link for details on how to enter your site into the 22nd May e-POWER auction.
High levels of bidding in the e-ROC auction
Almost 500 bids were placed in today???s e-ROC auction from nine different bidders. 69,640 ROCs were sold, up over 16% on the same month last year and over 13% higher than March 2015.
Against a back drop of continued forecasts of CP13 ROC oversupply the e-ROC auction average price held pretty steady at ???42.45 down only 9p on last month.
The dates of the upcoming e-ROC auctions are:
Friday 22nd May 2015
Wednesday 24th June
Thursday 30th July
Friday 28th August
Wednesday 30th September
Tuesday 27th October
Thursday 26th November
Tuesday 22nd December
TWITTER Q&A WITH ECOBUILD
1 April 2015
Stuart spoke at Ecobuild about the e-POWER auction platform as part of the Green Energy seminar programme explaining how the auction gets the best price for power. Please click here to view the question and answer session held on Twitter which delved further into this.
e-POWER and e-ROC AUCTION RESULTS
25 March 2015
e-POWER Update
The next e-POWER auction is on 23rd April 2015 and this will be for any PPA requiring a start date of 1st May through to 1st July 2015.
Please follow this link for information on what you need to do next to enter your site into the 23rd April e-POWER auction.
ROC prices hold steady
The scheduled e-ROC monthly auction took place on 25th March 2015 and 61,186 ROCs were sold. The average price was £42.54 down 5p from last month.
The dates of the upcoming e-ROC auctions are:
Thursday 23rd April 2015
Friday 22nd May 2015
Wednesday 24th June 2015
e-POWER at Ecobuild
5 March 2015
Please see the presentation made at Ecobuild outlining the financial benefits for generators who use the e-POWER auction.
The PowerPoint Presentation is best viewed opened in a new window and selecting the 'Slide Show' view option.
e-POWER Bulletin
27 February 2015
Click here to read our second e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
Cornwall Energy analysis of summer 2015
e-POWER auction results
Cornwall Energy Headline Comments
26 February 2015
The summer 15 auction set a new record for the number of commercial projects auctioned. Increased interest from generators can be seen as indicative of expectations of good balance of cost and benefits in the auction compared with other offtake options and of the increasing number of projects coming to market under the RO and FiT schemes.
Performance of commercial sites in the auction showed that value shares retained by generators through the e-POWER auction are towards the upper end when compared with those, that we are aware of, being achieved in other routes to market. The presence of new 12-month contracts in the auction is also likely to be attractive for generators looking for longer-term pricing certainty.
Please click here to download and view the report.
Adobe Reader is required to view, please click here to download Adobe Reader.
e-POWER and e-ROC AUCTION RESULTS
26 February 2015
e-POWER Update
A small number of FIT PV sites were auctioned on 25th February for Summer 15 PPAs.
In the next couple of days a more in depth analysis on our large January e-POWER auction will be published by Cornwall Energy and available via our e-POWER Bulletin.
ROC prices down in e-ROC auction
The scheduled e-ROC monthly auction took place on Wednesday 25th February 2015 and 79,981 ROCs were sold, more than double the volume sold in the same month last year. The average price was £42.59 down 54p from last month, reflecting forecasts of an additional 1 million ROCs to be issued in CP13, mainly from wind assets.
The dates of the upcoming e-ROC auctions are:
Wednesday 25th March 2015
Thursday 23rd April 2015
Friday 22nd May 2015
Wednesday 24th June 2015
e-POWER - 100 sites auctioned!
29 January 2015
The latest online e-POWER auction for renewable electricity was completed on 28 January 2015 for a mixture of statutory NFFO contracts and commercial PPAs. Most technologies and various capacities of plant were represented ranging from 22kW to over 50MW in size. The majority of the contracts are for the Summer 2015 period, although several are for the twelve months beginning April 2015.
19 electricity suppliers took part in the e-POWER auction and bidding activity was high with an average of 11 bids per site. Most of the renewable generators are under the RO and the prices bid are inclusive of the ROC which is of considerable cash flow benefit as the generator receives payment for the ROCs two months before they are issued by Ofgem.
The exported power from several FIT sites was also auctioned.
The average prices by technology for the commercial generators are shown below:
| Technology Band | Average Price £/MWh |
|---|---|
| Hydro | £92.92 (1 ROC) |
| Landfill Gas | £100.30 (1 ROC) |
| Wind | £94.12 (1 ROC) |
| Biomass | £118.90 (1.5 ROCs) |
| AD | £140.93 (2 ROCs) |
| FIT sites (all techs) | £52.14 (power/ 1 LEC) |
| Energy from Waste | £50.55 (power / half LEC) |
Over 80k ROCs auctioned
In addition the scheduled e-ROC monthly auction took place on Monday 26th January 2015 and 84,372 ROCs were sold, an increase in volume of 20% from the December 2014 auction and almost 13% up on January last year. The average price was ???43.13 up 47p from last month. Bidding activity was more than double that of last month at 813 bids.
The next e-POWER and e-ROC auctions are on Wednesday 25th February 2015.
e-POWER Bulletin
16 January 2015
Click here to read our first e-POWER Bulletin, bringing you up to date on our auctions, key market indicators and other useful industry information.
e-POWER Update
22 December 2014
The next e-POWER auction is on 27th January 2015. Currently 96 generating sites amounting to some 412 MW of power are registered to take part in the auction. All technologies are represented with a noticeable increase in PV and AD assets. Most of the sites are being auctioned for the Summer 15 period, 1st April to 30th September.
There is still time to register your site for the auction.
e-ROC Over 70k ROCs auctioned
22 December 2014
The scheduled e-ROC monthly auction took place on Monday 22nd December 2014 and 70,417 ROCs were sold, an increase of 20% from the November auction and almost 10% up on December last year. Approximately 36,000 ROCs were left unsold having not met their reserve price.
The average price was £42.66 up 19p from last month. Bidding activity was almost double that of last month at 358 bids perhaps reflective of recent forecasts of higher ROC prices due to lower estimates for PV and wind ROC issue for CP13.
The dates of the upcoming e-ROC auctions are:
Monday 26th January 2015
Wednesday 25th February 2015
Wednesday 25th March 2015
Thursday 23rd April 2015
Friday 22nd May 2015
Wednesday 24th June 2015
e-POWER - 80MW of Power Auctioned
28 November 2014
Over the last few months 18 sites have been auctioned on the e-POWER auction platform. These auctions are in addition to the normal January and July auctions for summer and winter power. Usually held on the same day as the monthly e-ROC auction they are a convenient way for suppliers to buy power.
Importantly the increased frequency of e-POWER auctions gives generators greater flexibility on when to sell their power and the PPA contract length. The sites across all technologies have been competitively fought over with FIT sites typically achieving over ???60.00 per MWh , 1 ROC banded sites over ???100.00 per MWh and 2 ROC banded sites over ???140.00 per MWh.
I am delighted with the results. I will share this with my team and we will look at recommending your services for other sites in the future .We are installing about 50MWp of PV in the next 12 months and have an existing customer base of circa 10MWp.
Julian Patrick CEO Freewatt Group
I'm very pleased with the results from e-POWER, the monthly auctions are creating a real market to come to. I decided I wanted to sell now my summer 15 and winter 15/16 power and the e-POWER auction has done just that achieving better prices than the traditional bi-lateral/tender approach for PPAs.
Andy Leach MD Renewable Power Systems
The next e-POWER auction is on Tuesday 27th January 2015
e-ROC - Little change in ROC prices
28 November 2014
The scheduled e-ROC monthly auction took place on Thursday 27th November 2014 and 58,744 ROCs were sold. Approximately 57,000 ROCs were left unsold having not met their reserve price.
The average price was ???42.47 up just 2p from last month.
The dates of the upcoming e-ROC auctions are:
Monday 22nd December 2014
Monday 26th January 2015
Wednesday 25th February 2015
Wednesday 25th March 2015
e-POWER - the best price for your power
Please see a presentation made at the recent British Hydro Association and Renewable UK Conferences outlining the financial benefits for generators who use the e-POWER auction.
The PowerPoint Presentation is best viewed opened in a new window and selecting the 'Slide Show' view option.
Selling solar at e-POWER
7 October 2014
Gaynor Hartnell reports in Solar Business Focus on the benefits for PV generators using the e-POWER auction.
Please click here to download and view the article.
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e-POWER CfD auction unveiled at REA Conference
'At the REA special conference on CfD's on Thursday 11th September Stuart Stephens Commercial Director of the NFPA explained how CfD generators could get the best value for their PPA through the e-POWER auction as well as relying on the e-POWER team to manage daily billing and settlement with the PPA provider and the Low Carbon Contracts Company (LCCC).'The PowerPoint Presentation is best viewed opened in a new window and selecting the 'Slide Show' view option.
Cornwall Energy analysis of winter 2014
e-POWER auction results
Cornwall Energy Headline Comments
4 September 2014
'Overall, the winter 2014-15 auction continued to show high levels of demand from suppliers, evidenced by the 20 participants in the auction and 13 bids per contract. An increasing number of suppliers are entering in the e-POWER auction as it a simple and cost-effective route to green power compared with other options, including trading platforms.
Performance of commercial sites in the auction showed, like previous auctions, that shares retained by generators through the e-POWER auction are higher than can be achieved elsewhere. Value retention is up to 8pp higher than under a typical short-term (one to three year) PPA and up to 18pp higher than the terms offered under a long-term PPA. We believe e-POWER auctions could allow the greatest value to be retained by generators, as prices would be fixed amid the backdrop of falling wholesale power and Roc prices'
Please click here to download and view the report.
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e-POWER to sponsor the British Hydropower Association Annual
We are pleased to announce that e-POWER will be the exclusive sponsor of the BHA annual conference being held at the Thistle hotel, Glasgow on the 28th and 29th of October.
Stuart Stephens Commercial Director at e-POWER said "e-POWER is absolutely delighted to be the sponsor of the BHA Annual conference. We presented and exhibited at the recent Summer Hydro Power Forum in Cardiff. It was the first time e-POWER had attended a BHA event where we were able to engage with many in the industry and to now have the opportunity to meet more colleagues in the sector at the Annual Conference is just great."
Stephens added "We have just completed our latest e-POWER on line auction and of the 98 generating sites that were sold 10 of them were hydro ones ranging in size from a local community energy 60 kW site to a mega 19.5 MW project, from all corners of the country from Devon to Clwyd to Rosshire."
Commenting on the news, Simon Hamlyn, BHA CEO, said, "I am very pleased that we have secured sponsorship from a high profile company such as e-POWER for our annual conference. Hydropower has many and varied challenges ahead and having support from e-POWER provides a secure platform to ensure we enjoy a successful and productive conference."
For more details please call: Stuart Stephens on 07970 140199 Simon Hamlyn on 07788 278422
e-POWER auction results - 14 July 2014
98 sites receive record 1264 bids
The latest on-line e-POWER auction for renewable electricity was completed on Friday 11 July 2014.
Two new records were set:
- an average of 13 bids per site (1,264 bids for the 98 sites)
- a record 20 suppliers took part with 12 of these eventually successful in winning sites.
For the first time Anaerobic Digestion and Solar PV generators were represented in the auction. The PPA contract length for the 98 sites was in the main for the winter period 1st October to 31st March 2015, representing some £100m of electricity and renewable benefits. The average prices by technology for the commercial generators are shown below:
| Technology Band | Average Price p/kWh |
|---|---|
| Hydro | £96.17 (1 ROC) |
| Landfill Gas | £105.46 (1 ROC) |
| Wind | £97.05 (1 ROC) |
| Biomass | £120.00 (1.5 ROCs) |
| AD | £144.70 (2 ROCs) |
| Solar PV | £52.00 (power/ 1 LEC) |
| Energy from Waste | £51.00 (power / half LEC) |
Cornwall Energy will produce an independent analysis of these auction results in the coming weeks.
Finally updates on the auction were posted on Twitter. Please follow us on @ePOWERrenewable
e-POWER offers generators a unique route to the UK electricity supply base whilst it gives suppliers an easy 'One Stop Shop' for the purchase of renewable power.
The next scheduled e-POWER auction is due to be held on 29th August 2014.
Energy Minister Launches REA's REview Renewable Energy View: 2014
8 May 2014
The REAs assessment of the UK renewables market, REA: REview Renewable Energy View: 2014, was launched by Greg Barker, Energy Minister last week (REA Review 2014).
The Review contains a piece on e-POWER which several e-POWER generators contributed to. The article highlights the high prices achieved in the auction as well as the ease and convenience of e-POWER for both generators and suppliers. This article can be downloaded here:
REA on e-POWER
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e-POWER Twitter account launched
1 May 2014
@ePOWERrenewable aims to get factual information to you on a regular basis, so that you can relax in knowing that you will get an alert; Please click here for more details on the type of alerts and other information we'll be tweeting about.
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Feed-in Tariff - You can now maxmise the value of your FIT export on the e-POWER auction
30 April 2014
Please click here to read an article on the benefits of the e-POWER auction for FIT generators, by Gaynor Hartnell formerly CEO of the REA.
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Feed-in Tariff generators to use e-POWER auctions
5 March 2014
In an important development for the e-POWER platform, NFPAS-Auctions is delighted to announce that generators under the Feed in Tariff (FIT) scheme can now also auction their export power. FIT generators that are half-hourly metered and over 30kW are able to opt out of the standard scheme fixed rate export tariff.
Via the e-POWER auction, it is estimated that these generators could receive in excess of £55 per MWh, a significant premium to the administered fixed rate. Another bonus is that although financiers of new FIT projects may require the security of a long term electricity off-take arrangement, they are usually able to provide finance off the FIT Generation tariff only. This allows the generator to take full advantage of the higher export prices available via e-POWER by opting out of the standard export tariff.
Our next e-POWER auction for Winter 2014/15 power is on 8th July 2014.
Cornwall Energy analysis of e-POWER auction results
Sites achieve 96% of full market value
Cornwall Energy have produced some interesting analysis on our latest auction for Summer 2014 power. They highlight that the average site sold for 96% of its theoretical maximum value and this compares very favourably with short term PPAs that are 6 percentage points lower and long term PPAs that can be up to 16 pps lower.
In total 105 sites representing some 510 MW were auctioned with a record 19 suppliers taking part placing an average of 12 bids per site.
Please click here to download and view the report -
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Our next e-POWER auction for Winter 2014/15 power is on 8th July 2014.
e-POWER auction results
Over 500 MW of power auctioned
30 January 2014
The latest on-line e-POWER auction of renewable electricity was completed on 29th January 2014.
A total of 105 generating sites representing some 510 MW of installed capacity were auctioned. These included an increasing proportion of sites being auctioned directly on behalf of independent generators as well as the statutory NFFO and SRO sites.
Commercial PPAs (outside of the statutory NFFO arrangements) now account for almost a third, 150 MW, of the contracts auctioned by e-POWER. This is made up of 115 MW from the latest auction as well as 35 MW that was auctioned on behalf of a generator for a three year PPA back in November 2012. Most renewable technologies are represented amongst the independent generators and they range in size from 85 kW right up to 42 MW.
The current e-POWER auction began on Tuesday 28th January with a record 19 suppliers taking part. After a highly competitive auction with an average of 11 bids made per site contracts were awarded to a total of 12 successful bidders. The contracts are for electricity to be produced in the main for the summer 2014 period between 1st April 2014 and 30th September 2014.
From this week's auction the average price for ROC inclusive projects was 10.09p/kWh (up 4% on the same period last year) and 5.04p/kWh for those technologies which do not receive ROCs (down 3.8% on the same period last year).
The average prices by technology band are shown below:
| Technology Band | Average Price p/kWh ("live" generating stations) |
|---|---|
| Hydro | 9.96 |
| Landfill Gas | 10.10 |
| MIW (Waste Incin) | 4.95 |
| CHP (Waste Incin) | 5.25 |
| Wind | 10.06 |
Next e-POWER auction
The next auction will be held on 8th July 2014. Information on the renewable electricity to be auctioned will be available to registered suppliers.
e-POWER offers generators a unique route to the UK electricity supply base whilst it gives suppliers an easy 'One Stop Shop' for the purchase of renewable power.
Cornwall Energy analysis of e-POWER auction results
Sites achieve 98% of full market value
Cornwall Energy have produced some interesting analysis of the last three e-POWER auctions, please click here to download and view the report - Adobe Reader is required to view, please click here to download Adobe Reader.
Their analysis shows that compared with typical short term bilateral PPAs that might offer 85% to 95% of full market value, generating sites in the latest e-POWER auction achieved an average of 98.1%. The results were very similar too for the previous two auctions (98.0% and 95.9%).
Suppliers are increasingly finding the e-POWER auction a convenient place to buy power with 17 taking part this time compared to 14 in the last auction.
This clearly demonstrates that the e-POWER auction represents a truly liquid market mechanism for the trading of short term PPAs.
Next e-POWER Auction
The next scheduled e-POWER auction is due to be held on 28th January 2014.
e-POWER auction results - 11 July 2013
555 MW of power auctioned
The latest on-line e-POWER auction of renewable electricity was completed on 11th July 2013.
A total of 120 generating sites representing some 555 MW of installed capacity were auctioned. These included statutory NFFO and SRO sites but also an increasing proportion of sites being auctioned directly on behalf of independent generators.
These purely commercial contracts (outside of the statutory NFFO arrangements) account now for almost a third, 150 MW, of the contracts auctioned by e-POWER. Most renewable technologies are represented and they range in size from 85 KW right up to 42 MW. In addition to the commercial contracts auctioned in this e-POWER auction a be-spoke auction took place late last year for a generator selling 3 years' worth of power from several large Energy from Waste sites.
The current e-POWER auction began on Tuesday 9th July with a record 17 suppliers taking part. After a highly competitive auction with an average of 12 bids made per site contracts were finally awarded to a total of 12 successful bidders. The contracts are for electricity to be produced in the main between 1st October 2013 and 31st March 2014.
From this week's auction the average price for ROC inclusive projects was 10.81p/kWh (up 10.5% on the same period last year) and 5.53p/kWh for those technologies which do not receive ROCs (up 5.5% on the same period last year).
The average prices by technology band are shown below-
| Technology Band | Average Price p/kWh ("live" generating stations) |
|---|---|
| Hydro | 10.58 |
| Landfill Gas | 10.92 |
| MIW (Waste Incin) | 5.36 |
| CHP (Waste Incin) | 5.97 |
| Wind | 10.47 |
Next e-POWER auction
The next auction will be held on 28th January 2014. Information on the renewable electricity to be auctioned will be available to registered suppliers.
In our auctions, generators using the service have the option to agree a reserve price for their electricity.
The e-POWER auction offers generators a unique route to the whole of the electricity supply base whilst providing for suppliers an easy 'One Stop Shop' for the purchase of renewable power.
e-POWER auction results - 02 February 2013
714 MW of power auctioned
In total 149 renewable electricity sites representing some 714 MW of installed capacity have recently been auctioned by e-POWER. These were mainly NFFO and SRO projects but also included a number of sites being auctioned directly on behalf of generators.
The main auction began on Tuesday 29th January 2013 and after a highly competitive auction with an average of 12 bids made per site contracts were finally awarded on 1st February 2013 to a total of twelve successful bidders. These contracts are for electricity to be produced in the main between 1st April 2013 and 30th September 2013.
In addition a be-spoke e-POWER auction took place late last year for a generator selling 3 years' worth of power from several large Energy from Waste sites.
From this week?s auction the average price for ROC inclusive projects was 9.70p/kWh and 5.24p/kWh for those technologies which do not receive ROCs.
The average prices by technology band are shown below-
| Technology Band | Average Price p/kWh ("live" generating stations) |
|---|---|
| Hydro | 9.81 |
| Landfill Gas | 9.71 |
| MIW (Waste Incin) | 5.24 |
| CHP (Waste Incin) | 5.23 |
| Wind | 9.68 |
Next e-POWER auction
The next auction will be held on 9th July 2013. Information on the renewable electricity to be auctioned will be available to registered suppliers.
In our auctions, generators using the service have the option to agree a reserve price for their electricity.
The e-POWER auction offers generators a unique route to the whole of the electricity supply base whilst providing for suppliers an easy 'One Stop Shop' for the purchase of renewable power.