Sun’s out, coal’s out – for record period

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 […]

By Freddie Rand

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.