Thomas Edwards

Energy Geek? Gamer? Ever wished these passions intersected? Check out the video demo below of my latest hobby project - a management simulator for operating a power network, PM me if your interested in getting a copy of the demo for play-testing! youtube.com/watch?v=UPM98Q…

@peterathertonc1 What the long term cost for new North Sea gas? That 50-60p/th number will be inclusive of US LNG? that’s why I was trying to hold the energy part of the calculation stable

Thom - surely the only thing that matters is the unit cost of the electricity produced (total cost not marginal of course). Total capex is irrelevant in itself. According to NESO gas prices need to be 120p (and the carbon tax needs to be £150) for renewables to be cheaper for consumers than gas. The long term price of gas is somewhere in the 50-60p range - even today its [only] 135p.

If we were just think about pure supply and demand ways to cut energy prices, is more gas supply or less gas demand better? lets assume we use wind to cut gas burn rather than stop industrial gas use...

Anyhoo, this is all idle speculation, if I got the gas fields economics wrong, interested to hear!

Or 54 new gas fields, each costing ~£4.1 bn so £221bn

The first round has opened at the £75/kW ceiling where a maximum of 5.4GW can be bought #Published-Round-Results" target="_blank" rel="nofollow noopener">neso.energy/what-we-do/ene…

Capacity Market T-1 for delivery in 2029-30 has kicked off this morning - I think it should clear relatively low, as there is a big chunk of existing capacity (around 6.1GW I reckon) and the target is 6.3GW.

If you want to give a battery developer nightmares, show them the CBA for P462. The modification proposes removing subsidies from the BM, reducing negative prices in cash-out and feeding through into whoelsale markets. Initial CBA results show a near 60% reduction in revenues!

Cost of new gas generators has been going up and MCPD increases cost compared to US, so it would seem to me the best idea is to build these things somewhere else.

Not building any new (beyond already committed CCGTs) before 2030, so it would have to be OCGTs or Recips. Seems a lifeline for existing gas plant in the face of declining market share. thetimes.com/uk/technology-…

In 2028, 57% of all hours still have a gas plant running. So where is the saving? The only way to break the link between gas and power is to replace gas. This will take time and reform, I just dont beleive there is a simple fix to change this.

Who buys the gas? What about the recip engines? Is Immingham a CCGT or CHP?

Moving Gas into a strategic reserve could save consumer money. Maybe, not sure a nationalised market "reserve" that still runs 57% of all hours is going to save any money, but hey. theguardian.com/business/2025/…