"In an interview with Recharge about renewables in a post-subsidy environment, Hugo Batten, Head of GB Renewables at Aurora said: “From what I’ve heard from developers, they’re just not willing to take that merchant risk, because the price cannibalisation risk is too severe. Developers don’t really have a good feeling of what the [wholesale market price] might be [in the years to come]. What the industry is saying is, ‘Look, we’re not going to build this stuff unless some of the price risk is transferred'.” "
Swansea tidal’s cost claims crumble under questioning
"Richard Howard Head of Research from Aurora Energy Research, who also appeared before the committee, cast doubt on whether tidal lagoon power would be able to follow in the steps of the offshore wind industry. He pointed out that a major factor in the heady fall in costs by almost half in recent years was in large part due to competition between developers as they vied for contracts in an auction setting. The full Select Committee hearing on Swansea Tidal Lagoon is available on the Parliamentary TV channel (https://parliamentlive.tv)"
Sir John Hood to join Blackstone Board of Directors
"Blackstone today (May 8) announced that Sir John Hood will join its board of directors effective May 14, 2018. Sir John is currently Chair of the Rhodes Trust, which oversees the Rhodes scholarship program, and is President and Chief Executive Officer of the Robertson Foundation. He also serves as director of WPP plc and Aurora Energy Research, and Chairman of BMT Group and Study Group Limited."
"According to Zeitung für kommunale Wirtschaft (ZfK), the Q1 recovery in gas plant economics in Germany could soon be over. Wholesale market prices and clean spark spreads declined again in April. This conclusion is supported by analysis from Aurora Energy Research, which tracks hourly data of the 50 largest power plants in Germany. For each hour, ramping parameters and operational costs are combined with costs for carbon certificates and the captured price on the day-ahead market."
The Electricity Industry Is Giving Europe’s Power Traders a Headache
"As solar capacity has surged more than ten-fold in the past decade in Germany, it’s leaving utility executives wondering if they should switch off coal and natural gas plants for a few hours when the photovoltaic facilities deliver their peak yield. “Thermal plants are struggling a lot with having to ramp up and down fast when they are needed,” said Hanns Koenig, a project leader at Aurora Energy Research, and advises utilities, investors and governments. “To ramp up quickly uses extra fuel and may not be economical so currently a lot of plants run through solar’s production peak.”"