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

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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