Could zonal pricing be the solution to reducing energy costs while enhancing grid resilience through a decentralized system? Although the second REMA consultation dismissed nodal pricing in the wholesale market, zonal pricing is still being considered as an option for the UK. As the electricity system transitions toward a more decentralized model, what changes are necessary to support the integration of millions of new assets, and how can the system evolve to ensure this transition is successful?

In today’s episode, Sarah Honan, Head of Policy at the ADE joins Ed porter. Over the course of the conversation, they discuss:

• The debate on zonal vs. national pricing under a new Labour government.

• Key features of successful demand flexibility implementation.

• The ADE's position on locational pricing, highlighting its potential to reduce congestion payments and benefit consumers.

• Potential impacts of locational pricing on existing investments.

• The ADE’s recent report, Demanding More, the importance of NESO to implement a strategic and inclusive approach, considering the needs of both current and future consumers.

Mentioned in the episode

Demanding More - How the National Energy System Operator Can Empower Energy Demand.

Decentralised Energy Conference - 30th October 2024, The British Library, London

About our guest

The Association for Decentralised Energy (ADE) is the leading trade association for decentralised energy, representing more than 150 interested parties from across the industrial, commercial and public sectors. With the goal of advancing the widespread adoption and integration of decentralized energy solutions for a sustainable and resilient energy future, ADE is on a mission is to champion the transition from traditional centralized energy systems to a decentralized model. For more information, check out their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

Could zonal pricing be the solution to reducing energy costs while enhancing grid resilience through a decentralized system? Although the second REMA consultation dismissed nodal pricing in the wholesale market, zonal pricing is still being considered as an option for the UK. As the electricity system transitions toward a more decentralized model, what changes are necessary to support the integration of millions of new assets, and how can the system evolve to ensure this transition is successful?

In today’s episode, Sarah Honan, Head of Policy at the ADE joins Ed porter. Over the course of the conversation, they discuss:

• The debate on zonal vs. national pricing under a new Labour government.

• Key features of successful demand flexibility implementation.

• The ADE's position on locational pricing, highlighting its potential to reduce congestion payments and benefit consumers.

• Potential impacts of locational pricing on existing investments.

• The ADE’s recent report, Demanding More, the importance of NESO to implement a strategic and inclusive approach, considering the needs of both current and future consumers.

Mentioned in the episode

Demanding More - How the National Energy System Operator Can Empower Energy Demand.

Decentralised Energy Conference - 30th October 2024, The British Library, London

About our guest

The Association for Decentralised Energy (ADE) is the leading trade association for decentralised energy, representing more than 150 interested parties from across the industrial, commercial and public sectors. With the goal of advancing the widespread adoption and integration of decentralized energy solutions for a sustainable and resilient energy future, ADE is on a mission is to champion the transition from traditional centralized energy systems to a decentralized model. For more information, check out their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

As the energy industry evolves, the skills required and the approaches to overcoming emerging challenges must adapt as well. With the sector exploring new frontiers, the opportunity to become a leader in the field has never been more accessible.

Success requires a diverse set of skills, many of which can be transferred from different roles or industries. Achieving net-zero will require more than just traditional industry experience. So, what specific skills are companies seeking as they navigate uncharted territory? And how do we engage a broader range of talent to ensure a sustainable future?

In today’s episode David Hunt, CEO at Hyperion Executive Search joins Quentin to discuss the talent gap in the renewable energy industry. Over the conversation, they discuss:

• Addressing the diversity gap in the energy industry: strategies for building a more inclusive workforce.

• Salary hotspots: where they are, emerging trends, and what the future holds.

• The critical role of communication skills in effective renewable energy leadership.
• Emerging roles in the energy sector as the transition to renewables accelerates.

• Key focus areas for the energy industry over the next decade.

About our guest

Hyperion Executive Search finds leaders, and builds teams for the most innovative cleantech companies, enabling them to find extraordinary people. Operating across multiple cleantech sectors including energy storage, solar, future mobility, hydrogen and more, Hyperion support the growth of these emerging market opportunities. For more information on Hyperion Seach, check out their website.

David is the host of the Leaders In Cleantech podcast, a weekly podcast with interviews from leading CEOs and Founders from some of the world’s most innovative start-ups and scale-ups. Check it out here.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

As the energy industry evolves, the skills required and the approaches to overcoming emerging challenges must adapt as well. With the sector exploring new frontiers, the opportunity to become a leader in the field has never been more accessible.

Success requires a diverse set of skills, many of which can be transferred from different roles or industries. Achieving net-zero will require more than just traditional industry experience. So, what specific skills are companies seeking as they navigate uncharted territory? And how do we engage a broader range of talent to ensure a sustainable future?

In today’s episode David Hunt, CEO at Hyperion Executive Search joins Quentin to discuss the talent gap in the renewable energy industry. Over the conversation, they discuss:

• Addressing the diversity gap in the energy industry: strategies for building a more inclusive workforce.

• Salary hotspots: where they are, emerging trends, and what the future holds.

• The critical role of communication skills in effective renewable energy leadership.
• Emerging roles in the energy sector as the transition to renewables accelerates.

• Key focus areas for the energy industry over the next decade.

About our guest

Hyperion Executive Search finds leaders, and builds teams for the most innovative cleantech companies, enabling them to find extraordinary people. Operating across multiple cleantech sectors including energy storage, solar, future mobility, hydrogen and more, Hyperion support the growth of these emerging market opportunities. For more information on Hyperion Seach, check out their website.

David is the host of the Leaders In Cleantech podcast, a weekly podcast with interviews from leading CEOs and Founders from some of the world’s most innovative start-ups and scale-ups. Check it out here.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

From a once nearly worthless by-product to a critical energy resource, natural gas forms a vital pillar in global energy production. With advancements in storing and transporting gas as liquified natural gas (LNG), its potential continues to expand. However, this fossil fuel's role in the energy landscape remains necessary.

The relationship between power and gas prices is tightly interlinked, with gas often setting the marginal price in wholesale markets. But what factors contribute to the volatility of gas prices? How do geopolitical events shape the market? How does speculation influence gas prices— and have we passed the point of useful speculation?

In this episode, Seb Kennedy, Founding Editor of Energy Flux, joins Quentin to unpack the complexities of natural gas, the global gas markets, and gas's evolving role as we work towards decarbonizing our energy supply. Throughout their discussion, they explore:

• An overview of natural gas, from extraction and transportation to pricing.
• Gas demand trends in Europe and the rise of LNG.
• Impact of decarbonization on gas demand in Europe
• The drivers of price volatility and the role of speculation in the market.
• The extent speculation influences gas prices - how much is too much?

About our guest

Energy Flux is a 100% editorially independent newsletter that analyses global natural gas markets, energy economics and geopolitics through the lens of Europe’s net-zero journey. Founded by Seb Kennedy, a freelance energy journalist and market analyst who is using data to carve out engaging narratives about the economics of decarbonisation. For more information on Energy Flux - head over to the website or check Seb out on LinkedIn or X.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on how gas prices affect power price, check out our written research.

From a once nearly worthless by-product to a critical energy resource, natural gas forms a vital pillar in global energy production. With advancements in storing and transporting gas as liquified natural gas (LNG), its potential continues to expand. However, this fossil fuel's role in the energy landscape remains necessary.

The relationship between power and gas prices is tightly interlinked, with gas often setting the marginal price in wholesale markets. But what factors contribute to the volatility of gas prices? How do geopolitical events shape the market? How does speculation influence gas prices— and have we passed the point of useful speculation?

In this episode, Seb Kennedy, Founding Editor of Energy Flux, joins Quentin to unpack the complexities of natural gas, the global gas markets, and gas's evolving role as we work towards decarbonizing our energy supply. Throughout their discussion, they explore:

• An overview of natural gas, from extraction and transportation to pricing.
• Gas demand trends in Europe and the rise of LNG.
• Impact of decarbonization on gas demand in Europe
• The drivers of price volatility and the role of speculation in the market.
• The extent speculation influences gas prices - how much is too much?

About our guest

Energy Flux is a 100% editorially independent newsletter that analyses global natural gas markets, energy economics and geopolitics through the lens of Europe’s net-zero journey. Founded by Seb Kennedy, a freelance energy journalist and market analyst who is using data to carve out engaging narratives about the economics of decarbonisation. For more information on Energy Flux - head over to the website or check Seb out on LinkedIn or X.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on how gas prices affect power price, check out our written research.

The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.

Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:

• The evolution of the UK’s electricity markets over the years.

• Regulatory inefficiencies and the need for more strategic leadership from regulators.
• The Capacity Market’s purpose and how energy storage fits within this framework.

• How energy storage could be better integrated into the market and its future role in the GB power system.

• An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.

About our guest

Lisa Waters is a founding Director of Waters Wye Associates (WWA). She is an economist with over twenty five years’ experience in the energy sector, working for a wide variety of energy companies and customers.

Waters Wye Associates has been providing bespoke support to organisations operating in UK and European energy markets since 2002. With extensive expertise in commercial power, gas and gas storage; experience in due diligence work in a variety of markets; analytical skills and experience developing targeted solutions for the energy markets as well as understanding of regulation and policy, capacity market and more. For more information, head to their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.

Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:

• The evolution of the UK’s electricity markets over the years.

• Regulatory inefficiencies and the need for more strategic leadership from regulators.
• The Capacity Market’s purpose and how energy storage fits within this framework.

• How energy storage could be better integrated into the market and its future role in the GB power system.

• An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.

About our guest

Lisa Waters is a founding Director of Waters Wye Associates (WWA). She is an economist with over twenty five years’ experience in the energy sector, working for a wide variety of energy companies and customers.

Waters Wye Associates has been providing bespoke support to organisations operating in UK and European energy markets since 2002. With extensive expertise in commercial power, gas and gas storage; experience in due diligence work in a variety of markets; analytical skills and experience developing targeted solutions for the energy markets as well as understanding of regulation and policy, capacity market and more. For more information, head to their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on the capacity market and government policy and regulations, check out our written research.

As more atypical energy players enter the space, the need for tools to support capital entering into projects is ever growing. In today’s episode Quentin chats to Pete Tickler (CPO & Co-Founder) and Genna Boyle (Director of UK & Europe) from Gridcog. Over the course of the conversation, they discuss:

• The differences across markets globally and what we can learn from them.
• ‘Community assets’ and how these can help make the most of under-utilized connections.
• Sector linkage - how atypical players are now moving into the energy sphere and what the future looks like in this increasingly linked world.
• Network price signals, a look at double sided markets and why they are imperative in the transition.
• And of course - Gridcog’s role in all of this.

About our guest

Gridcog are on an environmental mission to help organizations transition to a decentralized and decarbonized energy future. Their platform enables multi-market, multi-site, and multi-asset energy project simulation, optimisation, and tracking.

For more information on what Gridcog do -head to their website.

About Modo

Modo is the all-in-one Asset Success Platform for battery energy storage. It combines in-depth data curation and analysis, asset revenue benchmarking, and unique research reports - to ensure that owners and operators of battery energy storage can make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.

To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualisation, live events, and more, follow us on LinkedIn.

If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.

With the 2030 clean energy target approaching, swift action is required from both the industry and the new Labour government. To meet this goal, we need to accelerate generation capacity, streamline grid connection processes, and optimize the use of existing resources. What strategies can help us achieve this, and where should the government focus to ensure success?

In this episode, Chief Executive at Energy UK - Emma Pinchbeck joins Quentin to explore the challenges around clean energy the new UK government is facing over their first months in power. Over the conversation, they discuss:

• The importance of understanding the broader impacts of new government policies.
• How Energy UK is navigating political shifts as the UK's leading energy trade association.
• Energy UK's 'Mission Possible' report, highlighting five urgent government recommendations.

• The critical role of upcoming Contracts for Difference (CfD) auction rounds in achieving net-zero goals.
• The need for strategic planning and resource allocation for grid expansion.

Mentioned in the episode

• Material World: A Substantial Story of Our Past and Future - Ed Conway

• Results of Contracts for Difference second allocation round. Strike prices of £57.50 and £74 were allocated for the three offshore wind farms in 2017 (Triton Knoll, Moray East and Hornsea 2). These results were around 50% less than in the previous allocation round.
• Young Energy Professionals network. Please take a few minutes to fill out the Future Energy Leaders survey.

About our guest

Energy UK are the trade association for the UK energy industry, representing over 100 members including energy suppliers, generators, aggregators, flexibility optimisers, EV charging operators and software companies. They work with the sector, government, regulators and wider stakeholders to champion a sustainable UK energy industry. For more information - head over to their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on grid connections, check out our written research.