Strong wind and solar output buoys renewables, as oil prices hit four-year high

The Haven Power market report keeps you up to date with energy market changes over the last seven days

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By Jonny Bairstow

The Haven Power market report keeps you up to date with energy market changes over the last seven days.

Here’s a summary of the week:
• Report of tensions between the US and Iran send Brent Crude oil prices to four-year high
• Warm weather over the bank holiday weekend keeps demand low and day-ahead prices down
• Seasonal contracts move in line with wider fuel commodities
• Coal absent from fuel mix for a full 24 hours again during week 18

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.

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