Iran and oil has impact on UK power prices

The Haven Power market report keeps you updated on energy market changes over the last 7 days. Here’s a summary of the week: Day-ahead power prices fail to follow the […]

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By Freddie Rand

The Haven Power market report keeps you updated on energy market changes over the last 7 days.

Here’s a summary of the week:

  • Day-ahead power prices fail to follow the wind during week 20
  • Peak solar output exceeds peak wind for most of the week
  • Brent Crude oil benchmark continues driving power and commodity prices as Iran sanctions bite
  • Winter-18 contract rises to £61/MWh during bullish week of trading

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.