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Notes

Every note we have published, including the ones that turned out to be wrong.

  1. 04 Sep 2026Energy9 pages

    Why the interconnector will not fix the winter peak

    The argument for the second interconnector rests on an assumption that has not been true in any of the last four winters.

  2. 02 Jul 2026Energy11 pages

    Grid connection queues after the reform

    Six months into the new regime, 41 projects have moved and 380 have not, and the difference is not what the reform was designed around.

  3. 14 May 2026Transport22 pages

    The rail enhancement pipeline, honestly counted

    Three official lists describe the same programme and none of them agree, so we reconciled them line by line.

  4. 18 Mar 2026Energy16 pages

    What the capacity market actually procured

    Nominal capacity and de-rated capacity have diverged by 3.1 GW since 2022, almost entirely because of storage duration.