As UK businesses consumed 42.3TWh of renewable electricity in 2023 – a 15% jump from 2022 – procurement strategies face unprecedented scrutiny. With the Climate Change Committee warning of 50% shortfall in 2030 renewable targets, how can procurement models evolve beyond basic Power Purchase Agreements (PPAs)?
As the backbone of modern economies, wholesale electricity markets dictate energy costs for industries worldwide. But when Texas saw prices spike 300x during Winter Storm Uri, or when European day-ahead prices hit €700/MWh in 2022, what systemic flaws become apparent? How can market participants navigate this volatility while ensuring grid stability?
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