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UPCOMING WEBINAR

Impact of Coronavirus on European Energy Markets

Wednesday 1 April, 10am GMT

Register for our upcoming webinar ‘Impact of Coronavirus on European Energy Markets’, jointly presented by Aurora Energy Research and Boston Consulting Group. 

The outbreak of the COVID-19 virus has sent shockwaves across the globe – with severe impacts on health and healthcare systems, financial markets, economic activity and social infrastructure. Impacts have been felt throughout European energy markets, and further downward pressure on demand and prices is likely to ensue in GB as tougher restrictions are imposed as of this morning.

In this webinar, we will consider the following key questions:

  1. What are the key impacts of COVID-19 across European gas, carbon and power markets?
  2. What are the key considerations and strategic implications for companies across the energy value chain?
  3. What are plausible scenarios for energy demand for the remainder of the year, and what might this mean for energy market outcomes?

Join us on Wednesday 1 April, 10am GMT. Register below, and if joining from the Cisco app, the password is AER0104.

Register

Commentary

Power outages caused widespread disruption on Friday 9th August in Great Britain, after two large generators dropped off the system and back-up capacity was not sufficient to stabilise the grid frequency.

Potential contributing factors include low inertia due to high wind and low thermal generation (though wind variability in itself does not initially appear to be a cause), insufficient flexible capacity, and oversensitive plant protection mechanisms.

National Grid gave the all clear to the DNOs within 15 minutes of the event and most affected areas saw power restored within an hour, however they are now under pressure to answer questions around the likelihood of repeat occurrences, the procured volume of services such as frequency response, and reasons for disconnecting critical infrastructure.

If National Grid is to meet its stated intention of being able to operate a zero-carbon system by 2025, it will likely need to significantly increase its procurement of flexible capacity.

View commentary

Aurora Energy Research provides data and analytics on UK, German, European, and global energy markets. The result is bankable intelligence that drives commercial lending and investment decisions, and national policy formulation.

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