Wholesale prices still rising as economic sanctions loom

For your update on energy market changes over the last 7 days, check out the Haven Power market report.

By Freddie Rand

For your update on energy market changes over the last 7 days, check out the Haven Power market report.

Here’s a summary of the week:

  • Oil, gas, coal and carbon all contributed to rising wholesale electricity prices
  • Seasons +1, +2 and +3 all made gains of about £2/MWh in a bullish week of trading
  • High solar output made up for dwindling wind output over much of the week
  • Brent Crude oil prices surged thanks to US-imposed sanctions on Iran looming

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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