The Haven Power market report – your guide to what’s happened in the energy market, and why, over the last 7 days.
Here’s a summary of the week:
- High renewable output keeps coal out of UK fuel mix for new record of 55 hours, and quells day-ahead prices.
- Excess generation on the system means National Grid pays Scottish wind farms to turn off.
- Unseasonal conditions create solar output peak at over 8GW for three consecutive days.
- Rising oil prices provide support for gas and power contracts.
This market report is particularly relevant if you’re buying electricity flexibly, or about to sign or renew a fixed electricity contract. Getting these decisions right can reduce your vulnerability to price-peaks in the wholesale market and save you money.
For the details – and our weekly analysis of day-ahead power, imbalance prices, renewable power, seasonal contracts and annual power – simply check out the Haven Power website for the full market report.