Show Notes
This week on Energy Unplugged, in the first of our new video series, Richard Howard, Global Head of Research at Aurora Energy Research, is joined by Marc Hedin, Head of Research for West Europe and Africa at Aurora Energy Research, to explore one of the most pressing challenges in power markets today: grid congestion. Together, they unpack why curtailment is rising rapidly across Europe as renewable build-out outpaces grid expansion – and why this is becoming a critical risk for developers and investors. They examine how congestion impacts revenues, from reduced generation to increased volatility, and why traditional modelling approaches often underestimate the risk. The conversation explores how different markets manage congestion – from nodal pricing in the US to redispatch in Europe – and highlights the growing complexity of market design, policy shifts, and grid reform. Looking ahead, they discuss how more advanced modelling can better capture these dynamics, and the strategies available to mitigate risk – including co-location, portfolio optimisation, and smarter siting decisions. You will learn about:
Why grid congestion and curtailment are rising across renewable markets How different market designs manage congestion globally The key risks for investors, from location effects to policy uncertainty How better modelling and asset strategies can mitigate – and even benefit from – congestion
More from Energy Unplugged by Aurora
This week on Energy Unplugged, Emma Woodward, Principal in Aurora Energy Research’s GB & Ireland Advisory team and GB Flexible Energy Lead, is joined by Peter Kavanagh, CEO of Harmony Energy. Britain has built one of Europe’s most mature battery markets, largely without subsidy. But success brings its own complications. As batteries scale, the debate is shifting from whether the technology works to whether the market around it does. Merchant revenues remain volatile; projects can spend years waiting for grid and planning approvals, and batteries are still not always fully utilised when they could provide a cheaper alternative for balancing the system. At the same time, support for long-duration storage raises a more uncomfortable question: could policy designed to accelerate storage end up distorting a market that has already proved it can compete? For Peter, the message is increasingly simple: batteries have demonstrated their value. Now the challenge is removing the barriers that stop them delivering more of it. Main topics include:
This week on Energy Unplugged, Emma Woodward, Principal in Aurora Energy Research’s GB & Ireland Advisory team and GB Flexible Energy Lead, is joined by Peter Kavanagh, CEO of Harmony Energy. Britain has built one of Europe’s most mature battery markets, largely without subsidy. But success brings its own complications. As batteries scale, the debate is shifting from whether the technology works to whether the market around it does. Merchant revenues remain volatile; projects can spend years waiting for grid and planning approvals, and batteries are still not always fully utilised when they could provide a cheaper alternative for balancing the system. At the same time, support for long-duration storage raises a more uncomfortable question: could policy designed to accelerate storage end up distorting a market that has already proved it can compete? For Peter, the message is increasingly simple: batteries have demonstrated their value. Now the challenge is removing the barriers that stop them delivering more of it. Main topics include:
This week on Energy Unplugged, Jose Munoz, Market Lead for Spanish-speaking South America at Aurora Energy Research, and Melissa Carreño, Product Manager for Peru and Colombia, are joined by César Butrón, Chairman of the Board of COES, Peru's national system operator. For two decades, Peru has benefited from some of the cheapest electricity in Latin America, supported by abundant low-cost gas from Camisea. But the conditions that shaped that success are beginning to change. Demand is rising, cheap gas can no longer be taken for granted, and investors are struggling to finance new renewable projects despite strong resources and significant interest in the market. At the same time, policymakers face difficult decisions around gas infrastructure, battery storage, transmission expansion, and system reliability. Drawing on decades of experience at the centre of Peru's power sector, César explains why the country is not facing a shortage of electricity, but a potential shortage of affordable electricity, and what that means for Peru's next phase of development. Peru's challenge is no longer keeping the lights on. It's deciding what will power them next. Main topics include:
This week on Energy Unplugged, Jose Munoz, Market Lead for Spanish-speaking South America at Aurora Energy Research, and Melissa Carreño, Product Manager for Peru and Colombia, are joined by César Butrón, Chairman of the Board of COES, Peru's national system operator. For two decades, Peru has benefited from some of the cheapest electricity in Latin America, supported by abundant low-cost gas from Camisea. But the conditions that shaped that success are beginning to change. Demand is rising, cheap gas can no longer be taken for granted, and investors are struggling to finance new renewable projects despite strong resources and significant interest in the market. At the same time, policymakers face difficult decisions around gas infrastructure, battery storage, transmission expansion, and system reliability. Drawing on decades of experience at the centre of Peru's power sector, César explains why the country is not facing a shortage of electricity, but a potential shortage of affordable electricity, and what that means for Peru's next phase of development. Peru's challenge is no longer keeping the lights on. It's deciding what will power them next. Main topics include:
This week on Energy Unplugged, Richard Howard, Global Research Director at Aurora Energy Research, is joined by Michael Tobin CBE, one of the pioneers of the European data centre industry, former CEO of TelecityGroup and Non-Executive Director at Five Nines Group, alongside Sebastian Murphy, Director of Development & Innovation at Five Nines Group, to explore what it really takes to deliver data centre projects in Europe. Driven by AI, cloud computing and digitalisation, data centres are becoming one of the fastest-growing sources of electricity demand worldwide. But as power constraints, permitting challenges and supply chain bottlenecks intensify, can Europe remain competitive in the global race to build the infrastructure that will underpin the next generation of AI? Michael and Sebastian pull back the curtain on the realities of delivering data centres at scale, from securing scarce grid connections and navigating planning hurdles to managing supply chains, construction risk and ever-tightening sustainability requirements. They discuss why Europe's established data centre hubs are running out of room to grow, how regional markets are emerging as the next frontier for investment, and why access to power has become the industry's defining challenge. The episode also examines the shift towards AI inference facilities, the rise of behind-the-meter power solutions, and whether Europe has the regulatory framework needed to compete with the US and China. Along the way, the guests share firsthand insights from the front line of data centre development and make the case for what needs to change if Europe is to remain a serious player in the global AI race. You will learn: