David Edmonds

speaker

143 appearances 1 recordings 1 series first heard Jul 2026 last heard 14 Jul

David Edmonds’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

Talking New Energy · 248. Are wind PPAs about to become more expensive? · 14 Jul 2026 podcast

You have to see the cost happen first before people really believe it's going to happen.

And again, that's why this sort of report and analysis is particularly useful to try and flag some of those risks that could be coming soon.

I think the other really big shift is the contract for difference scheme and actually is changing the risk that a lot of developers and generators face.

Hey, could you yeah just expand on that?

Yeah, so the contract for difference scheme is uh the main subsidy mechanism for renewable generation, low carbon generation in Great Britain.

It works, as it says, with a contract for difference, which basically means there is a strike price that is guaranteed for the generator, and that is made up by an assumed market price, a market reference price, as it'll be termed.

And then a top-up payment to take them from that market price to their agreed drive price.

That top-up payment is paid by suppliers.

And ultimately the expectation is that's then passed through into consumer bills.

Now, the way the scheme works in Great Britain is that market reference price for intermittent generation is indexed to day-ahead prices and hourly day-ahead prices at that.

that means is the generator isn't exposed to the price they capture at day ahead so much because if they capture a lower price of that level they'll receive a bigger top up to get them back to their strike price.

So they're kept at that strike price level.

One caveat to that is there are negative price rules.

So if it goes so far that the price goes negative, they wouldn't get paid the top up.

So that is a big concern and a risk for generators that maybe we'll come back to a bit later.

But in terms of the

Imp of from a product perspective, what it means for us as an off-taker is a generator that's got a contract for difference isn't interested in a fully fixed price PPA because they've already got that commitment from the government scheme and backed by suppliers paying them top-up payments.

What they're interested in is of an a day-ahead indexed PPA, where actually the shaping costs aren't a factor within that.

We're

Just managing the balancing costs as we turn them from day ahead onwards through to outturn generation, which is a much lower risk product for us as an off-taker.

Showing 61–80 of 143 · page 4 of 8