🌐 New episode out now: Allan Marks, Global Project, Energy & Infrastructure Finance Partner, Milbank LLP on the United States' role in the global #EnergyTransition Listen here: https://lnkd.in/diQq5kZ 🎧 Joining him, our Managing Director for North America, Oliver Kerr, and our USA West Market Lead, George Prassas dive into topics including: ⚡ The impact of domestic manufacturing and labour shifts on US energy transition costs and speed ⚡ Regional differences in the US regulatory environment ⚡ How the outcome of the upcoming election could influence the US energy transition #EnergyUnplugged #EnergyPodcast #EnergyPolicy
Aurora Energy Research
Research Services
Oxford, Oxfordshire 49,096 followers
Data-driven intelligence for strategy, portfolio management and investment decisions on the global energy transformation
About us
From its academic roots, Aurora Energy Research has grown to become the largest dedicated power market analytics company in Europe, providing data-driven intelligence for strategic decisions in the global energy transformation. We are a diverse team of over 600 experts with vast energy, financial and consulting backgrounds, covering power, hydrogen, carbon and fossil commodities. We are active in Europe, APAC and the US, working with world-leading organisations to provide comprehensive market intelligence, bespoke analytic and advisory services, and cutting-edge software.
- Website
-
https://www.auroraer.com/
External link for Aurora Energy Research
- Industry
- Research Services
- Company size
- 501-1,000 employees
- Headquarters
- Oxford, Oxfordshire
- Type
- Privately Held
- Founded
- 2013
- Specialties
- Global Energy Markets, Modelling, Analysis and Research, and Forecasts and Scenarios
Locations
Employees at Aurora Energy Research
Updates
-
Aurora Energy Research reposted this
In the upcoming SDE++ subsidy round a tax on 'surplus profits' (#overwinsten) was introduced for #solarPV and #onshorewind. Solar Magazine asked me to reflect on the impact this might have on solar projects in the Netherlands. In (simplified) summary: 💡 The SDE++ is set up as a 'sliding feed-in premium', which means that if the electricity price drops below a certain level (called the base amount), a project receives a subsidy to compensate for the difference. If the electricity price is above, developers are allowed to keep the upside. 🏦 The new setup looks more like a 'contract for difference' (CfD), where you do not only get subsidy when the price is low, but you also have to pay back the government when prices are high. In a classic CfD setup, this means you will always receive the same income, independent of the electricity price. 💶 The SDE++ setup is slightly different, as you only need to pay taxes on the 'surplus profits', which are defined as 18 €/MWh above the submitted bid of a renewable project. So if your project has a base amount of 60 €/MWh, the tax kicks in at 78 €/MWh. 🏗 With a classic CfD there is an increased risk (compared to a feed-in premium) that projects are cancelled when project costs unexpectedly rise, as was the case in the UK with wind park Norfolk Boreas. Given that the new SDE++ setup does allow for some additional profits on top of the base amount, this risk is much lower, but still present. Because of this, I expect the tax to only have a limited impact on solar development in the Netherlands. Link to article: https://lnkd.in/ebaxuVtc Aurora Energy Research #SDE++ #energytransition #energypolicy
-
❌ #Battery #storage business cases in #Spain could be impacted by the recent dispatch proposal from the regulator. Contact Eva Plana at [email protected] to learn how we can assist with modelling and evaluating these cases.
🔋 A few weeks ago, the CNMC published a proposal outlining new requirements for storage systems requesting grid access at the distribution level. This proposal imposes limits on the hours during which storage systems can charge and discharge, based on a fixed daily schedule. 🕰 The proposed time slots for charging and discharging are as follows: - Generation/injection into the grid: from 00:00 to 11:00 and from 18:00 to 00:00 - Absorption/consumption from the grid: from 00:00 to 08:00 and from 11:00 to 18:00 ☑ If approved, this measure would temporarily apply to storage assets at the distribution level until a formal grid access framework for flexible assets is established. 📊 How does this affect investment cases? For stand-alone batteries commencing operations in 2026, this measure could result in a reduction in gross margins by approximately 20% to 30% during the first year of operation, depending on the asset duration. Under these constraints, a battery would shift its market participation, with reduced involvement in the Secondary Reserve (which is highly attractive for batteries) and increased participation in real-time markets. 📩 At Aurora, we can model battery investment cases and help you understand the impact of the CNMC proposal. For more information about batteries in Spain, please contact our team: Eva Plana, Mar Escobedo Carrillo or Alejandro Zerain
-
Aurora Energy Research reposted this
🗾Final reminder—Japanese webinar on #grid curtailment on 8/29 (Thu)! 【最終告知:8/29(木)14:00~15:00開催 ウェビナー「系統制約による出力抑制」】 今週8/29(木)14:00~15:00に系統制約による出力抑制に関する無料ウェビナーを開催いたします。ご興味のあるかたは是非ご参加ください。 ⬇お申込みは以下よりお願いいたします。ご関心のある皆様からのご参加をお待ちしております。 オーロラ・エナジー・リサーチ ウェビナー 「日本における電力系統のダイナミクスと出力抑制:新サービスのご紹介」 https://lnkd.in/gPqSG_gr ✏ ご登録方法: 1) 会社のメールアドレスで無料のZoomアカウントを作成してください。既にお持ちの場合は、ログインしてください。 2) 参加フォームより登録が可能となります。 登録に関するご不明点がございましたらMarika Sato (Kirton) までご連絡ください。 #AuroraAPAC #AuroraEnergyResearch #Grid Akane Iwado Arthur Yanagisawa Cherlene Tan Dan Yamada Kento Yoshimura Marika Sato (Kirton) Mika O. Reece Jackson Rowan von Spreckelsen Sehun N. Shoichiro Kusaka Wataru Matsuura Yamato Kawamata Yuki S.
-
-
Aurora Energy Research reposted this
☀Our NEM Power & Renewables #MarketForecast for August 2024 is available for download! ➡ Subscribers can access the full report here: https://lnkd.in/eQhZGpMe 🖐 Wind generation in Q2 2024 fell by 20% relative to the same quarter last year due to low wind speeds across the southern NEM states, causing annualised increases in variable renewable generation to drop well below required levels to meet 2030 targets. 🖐Reach out to our team to find out more about our Power & Renewables Market Forecast for Australia! Andrew McGregor Monica Lewis Ryan Tomlin James Ha Weijie Mak Rohan Bakshi Piers Beesley Hugo Batten
-
Aurora Energy Research reposted this
🗾🤔Have you registered yet? Next week, we’ll be running a public webinar on #grid curtailment in Japan, introducing our upcoming Grid Subscription service for Japan. 🔌 If you haven’t registered yet, sign up today from below: English version webinar ➡ August 26th (Mon) 14:00–15:00 JST https://lnkd.in/gTKFsMm8 Japanese version webinar ➡ August 29th (Thu) 14:00–15:00 JST https://lnkd.in/gPqSG_gr 💡We will cover key topics such as the Japanese transmission system and curtailment regulations, and how our new service will help you understand the dynamics of the Japanese transmission network and gain a view on the non-firm grid curtailment risk faced by future assets. ❓If you have any issues registering to the Zoom webinar, feel free to reach out through our inquiry form on https://lnkd.in/e4BYYeai or directly message Marika Sato (Kirton) for help! ✋Don’t miss out on this opportunity—see you there! #AuroraAPAC #AuroraEnergyResearch #Grid Akane Iwado Arthur Yanagisawa Cherlene Tan Dan Yamada Kento Yoshimura Marika Sato (Kirton) Mika O. Reece Jackson Rowan von Spreckelsen Sehun N. Shoichiro Kusaka Wataru Matsuura Yamato Kawamata Yuki Sakurai
-
-
Aurora Energy Research reposted this
⚡Our NEM Australian Marginal Loss Factor (MLF) #Forecast for August 2024 is out now! 👇 Subscribers can download the full report here https://lnkd.in/g4pWbnC7 🌐 In our latest MLF forecast, we have updated key network project timings and designs based on the Australian Energy Market Operator’s (AEMO) 2024 Final ISP, seeing delays to key infrastructure projects in NSW which increase network congestion in the near-term. In addition, delays to super grid south have worsened losses in south QLD, however, the earlier commissioning of the gladstone grid reinforcement acts to mitigate this impact. ✏ If you want to learn more about our forecasts and services for the NEM in Australia, reach out to our Australia team! James Ha Weijie Mak Rohan Bakshi Piers Beesley Hugo Batten Reece Jackson Lydia Watson Griffin Brophy
-
Aurora Energy Research reposted this
☄LAUNCHED TODAY☄ Power & Renewables Market Forecast for South Korea! 🙏We would like to thank all market leaders who attended the launch event for our Korean #MarketForecast at the Mondrian Hotel in Seoul today. 💻For those who were unable to attend, our team will be hosting a virtual webinar on September 4th, discussing the key topics covered in our launch event such as: 🔹 The impact of future grid augmentations on renewable build-out 🔹 PPA benchmarks 🔹 Long-term SMP prices 🔹 Capacity auction outcomes 👇 If you are interested, please register through the link below! https://lnkd.in/g3mEkcAg #Korea #AuroraAPAC #AuroraEnergyResearch Hugo Batten James Ha Patrick T. William Lewis Christopher Icanovski Yeonjae Kim Joseph Lloyd Chee Chin L. Jihye Seo Donguk Kim
-
-
Aurora Energy Research reposted this
🚀Today, we officially launched our Korean Power & Renewables Market Forecast service! 🎉 We would like to express our gratitude to the 60+ market leaders who celebrated this special occasion together with us at the Mondrian Hotel in Seoul. 💡South Korea’s energy market is undergoing a period of transformation, and with this new launch we are thrilled to support industry players understand the changing dynamics of the market and underpin their investment strategies with our in-depth analyses! ✋Want to know more about our service and analyses for Korea? Reach out to our team or send an inquiry through https://lnkd.in/gPCsdakb 🚀 드디어 오늘 공식적으로 오로라의 한국 전력 및 재생에너지 시장 전망 서비스를 출시했습니다. 🎉 이 특별한 순간을 함께 축하해 주신 60명 이상의 시장 리더분들께 진심으로 감사의 말씀을 전합니다. 💡 한국의 에너지 시장은 현재 급변의 시기를 겪고 있지만 오로라의 서비스 출시를 통해 저희는 시장의 변화를 이해하고, 심도 있는 분석으로 산업 플레이어들의 투자 전략을 지원하게 되어 매우 기쁩니다! ✋ 저희 서비스와 한국에 대한 분석에 대해 더 알고 싶으신경우, 저에게 문의 주시거나 https://lnkd.in/gPCsdakb 를 통해 문의해 주세요. #Korea #AuroraAPAC #AuroraEnergyResearch Hugo Batten James Ha Patrick T. William Lewis Jihye Seo Donguk Kim Yeonjae Kim Christopher Icanovski Joseph Lloyd Alvin Tan Chee chin Lim
-
-
Secondary Reserve market design is evolving in #Spain, and expected to play a key role for #battery storage business cases. To learn more, reach out to Mar Escobedo Carrillo: [email protected]
✂ Secondary Reserve capacity band becomes asymmetrical ✂ ⚖ Secondary Reserve (i.e., aFRR) is an Ancillary Service which will be key for #BESS business cases in Iberia. Lately, the service has also seen an increasing participation of #renewables to avoid price cannibalisation in the Wholesale Market. 🔰Ahead of #PICASSO implementation (delayed until Q2 2025), the Spanish TSO allowed asymmetrical capacity bids in Secondary Reserve: plants can bid different capacity in upwards and downwards directions. 🔍 Following the change, solar PV plants have adapted their bidding behaviour. Plants bid more of their Wholesale Market generation in the downwards direction, as they are not required to equal the upwards capacity bid. Consequently, #solarPV plants can reserve more capacity in Secondary Reserve downwards, collecting higher revenues from the Secondary Reserve band. 📉 Once #SecondaryReserve prices also become asymmetrical, the current bidding behaviour anticipates a decreasing downwards price in the future (and thus lower system costs) as renewables saturate this direction. The evolution of the Secondary Reserve market is key for BESS deployment and hedging solar PV assets. In Aurora Energy Research, we forecast the evolution of Secondary Reserve prices in our fundamental modelling and its impact on BESS and RES revenue streams. If you want to know more about the consequences for your BESS or RES asset ahead of the incoming changes, don’t hesitate to reach out to Eva Plana, Mar Escobedo Carrillo and Humberto Medrano