UK: TRIAD dates and reductions to future rates

This year’s TRIAD dates, for the 2018/2019 winter season, have now been published by the UK's National Grid. The dates are:

  • 22 November 2018 at 17:00
  • 10 December 2018 at 17:00
  • 23 January 2019 at 17:30

by Max Knowles

We have experienced a milder winter this year, compared to 2017/2018 and the ‘beast from the east’ sending temperatures plunging, and energy use rocketing upwards during the later months. As a result, the TRIAD dates are of a more typical distribution this year, spread throughout the middle of the season.

The gradual reduction of TRIAD income payable to generators, having been confirmed in early 2018, began to take effect this TRIAD season. On average the rates available to generators have reduced by 30% this year – the impact of which has been clear as we review our customer’s earnings. Next season, for 2019/2020, the rates continue to fall at an accelerated rate, with a further decrease in rates of 45% across the UK, (compared to this season’s rates). If generators are not already feeling the squeeze, next season they most definitely will be.

As it is currently forecasted, the 2019/2020 season will be the last ‘big earner’ for TRIADs, as a further decrease of 80% is anticipated for the following year of 2020/2021 – with some areas (Scotland and the North) having the TRIAD benefit removed entirely. These changes will be fully confirmed closer to the time. However, it stresses the importance of ensuring that as much income is earned from the next season as possible before TRIAD earnings are removed or wholly minimised.

We urge generators to ensure that their Power Purchase Agreement for the coming year includes fair provision for TRIAD income. If you aren’t certain about this, please get in touch with us on 024 7669 8899.

For more information:
NFU Energy
024 7669 6512
www.nfuenergy.co.uk


Publication date:


Print   

Receive the daily newsletter in your email for free | Click here


Other news in this sector:


© HortiDaily.com 2019

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber