The Substation Podcast

The Substation Podcast

A place for independent electricity market, systems and technology chat. Two energy geeks who want to share what they know and learn about the energy transition. Get in touch at thesubstationpodcast@gmail.com or follow us on Twitter at @substationpod

  1. 10/30/2023

    Skip Rates in the Electricity Market

    Tom and Emma talk about skip rates - the term used to describe assets not being dispatched in the electricity market, although they're in merit. They discuss how definitions for skip rates differ across stakeholders, and talk about work underway to improve skip rates. Are they a natural part of balancing a complex system or are they avoidable quirk of old systems?

    35 min

  2. 09/30/2023

    Alternatives to Locational Marginal Pricing (LMP)

    Tom and Emma discuss options for improving locational signals on the electricity system that aren't Locational Marginal Pricing (LMP). Could reforms to network access, network charging, new markets and services send better signals to the market and reduce constraint costs? Could these options be easier to implement than LMP, and reduce potential investor uncertainty? And why can't we just build more wires?

    42 min

  3. 12/20/2022

    Energy demand – the role for intelligent demand in energy systems with Alex Schoch from Octopus

    In the third episode in the series about the role of demand in energy markets, Emma and Tom speak to Alex Schoch, global head of flexibility at Octopus Energy. They discuss how Demand Side Response will evolve to become intelligent demand. Read the Octopus blog about this at: https://octopus.energy/blog/intelligent-demand/

    47 min

  4. 12/08/2022

    Energy demand – what happens when there’s not enough energy to meet demand?

    In the second in a series on the role of demand in energy, Tom and Emma talk about the arrangements in GB gas and electricity systems that are used when the market fails to balance supply and demand. What are the steps taken to avoid disconnecting demand? How is energy rationed when there isn't enough, and how do we return back to normal market operations afterwards?

    41 min

  5. 11/08/2022

    Energy demand – the role of demand in energy

    In the first in a series about energy demand, Emma and Tom discuss how demand interacts with energy, covering energy efficiency, demand side response, demand destruction and rota disconnections. How should different kinds of demand be incentivised, now and in the future?

    55 min

  6. 09/06/2022

    Market design - Time in electricity markets

    In the third episode on electricity market design, Tom and Emma ask "What is Time?". But they're not physicists, so they can't answer this question. But they can answer: What's a Settlement Period? What's an EFA Block? What do futures contracts represent? All this - and more - in the latest episode of the Substation Podcast.

    33 min

  7. 07/27/2022

    Alternatives to locational pricing - with Adam Bell

    Locational Marginal Pricing seems to be high on the policy agenda after it featured heavily in the Review of Electricity Market Arrangements released recently by BEIS, Emma and Tom chat with Adam Bell from Stonehaven as they attempt to tease apart the strengths and weaknesses of this approach to market design, and discuss possible alternatives.

    52 min

  8. 07/19/2022

    A Clean Energy Standard - with George Day

    How might a clean Energy Standard help the energy system deploy towards Net Zero in a cost effective way? A clean energy standard places obligations on consumers and suppliers to secure firm low carbon power.  Emma and Tom catch up with George Day from the Energy Systems Catapult to talk through some of the implications of its design, its strengths and weaknesses and compare it to some other ideas like market splitting or locational marginal pricing (LMP). You can read more about the proposals here: https://es.catapult.org.uk/report/rethinking-electricity-markets-the-case-for-emr-2/

    47 min
See All (25)

Ratings & Reviews

4.5
out of 5
2 Ratings

About

A place for independent electricity market, systems and technology chat. Two energy geeks who want to share what they know and learn about the energy transition. Get in touch at thesubstationpodcast@gmail.com or follow us on Twitter at @substationpod

Information

  • Creator
    The Substation Podcast
  • Years Active
    2021 - 2023
  • Episodes
    25
  • Rating
    Clean
  • Copyright
    © The Substation Podcast
  • Show Website
    The Substation Podcast