Thursday 1st of November 2018 | Posted In: Generate, Buy and Sell, Generating energy

TRIADs 2018… get them before they’re gone

With November now upon us, the TRIAD season for 2018-2019 has begun. This presents an important opportunity to take action to avoid expensive TRIAD charges, and for those with generation capabilities, to earn a respectable payment for exporting at the right times.

The key development since the last TRIAD season is that OFGEMs’ plans to steadily reduce TRIAD income available to generators have been finalised (Read more about this here…). This has seriously reduced the kWh rates available to generators this year and has a strong degenerative effect on the next few years’ rates as well. These reductions, and the further reductions to come, place even more importance on making the most of this year’s TRIAD income.

The TRIAD rates for this year are on average around 35% lower than those available last year.  The lowest, Northern Scotland, is worth £11.36/MW exported, and the highest, London, is worth £39.96/MW. As always, these rates are imposed as costs on importers, so evading these remains as much of a priority as hitting peak export power levels during them, if it can be done without interruption to normal site operations.

A full breakdown of the TRIAD rates and their annual degression is below:

Zone

2017/18 £/kW

2018/19  £/kW

Reduction

Northern Scotland

£    29.58

£    11.36

62%

Southern Scotland

£    30.48

£    14.12

54%

Northern

£    39.22

£    22.87

42%

North West

£    45.25

£    28.86

36%

Yorkshire

£    44.97

£    29.13

35%

N. Wales & Mersey

£    46.79

£    30.57

35%

East Midlands

£    47.89

£    32.56

32%

Midlands

£    49.46

£    33.85

32%

Eastern

£    49.62

£    34.48

31%

South Wales

£    45.55

£    30.86

32%

South East

£    52.54

£    37.16

29%

London

£    54.97

£    39.96

27%

Southern

£    53.41

£    38.47

28%

South Western

£    51.96

£    36.92

29%

 

The TRIAD season covers the period November through February inclusively. As TRIADs are heavily dependent on both the weather and use of power by business and industry, the chances of them occurring on any given day cannot be easily predicted without inside access to on-the-spot grid consumption data.

Such as, many energy suppliers will send out alerts whenever they think the likelihood of a TRIAD is high on any given day. FEC Energy receives these and then relays these alerts out by text message to any of our clients who wish to receive them. For an in-depth analysis on the last few years of TRIAD calls, and upcoming £/kWh movements click here.

Find out more about how we can help you with your TRIAD charges and income give me a call on 024 7669 8899.

For a refresher on what the TRIADs are:
https://www.fec-energy.co.uk/in-focus/what-are-triads-and-will-they-affect-you