News from e-POWER

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 Energy analysis of July 2017 e-POWER auction results

Cornwall Energy 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.
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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 Energy analysis of January 2017

e-POWER auction results

Cornwall Energy 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.
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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.

Please click here to download and view the report.
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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.
Adobe Reader is required to view, please click here to download Adobe Reader.


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.
Adobe Reader is required to view, please click here to download Adobe Reader.


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

www.nfpas-auctions.co.uk

www.british-hydro.org


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.

Adobe Reader is required to view, please click here to download Adobe Reader.


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.

Adobe Reader is required to view, please click here to download Adobe Reader.


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 -
Adobe Reader is required to view, please click here to download Adobe Reader.

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.

e-ROC and e-POWER are trading names of NFPAS Limited, a subsidiary of Non-Fossil Purchasing Agency Limited.

Registered in England No. 4334396. VAT Registration No. 797281771.

Tel: 0191 245 7330 Email: hello@epowerauctions.co.uk