Fuel commodities weaken, leading to power price retreat

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By Jonny Bairstow

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

Here’s a summary of the week starting 21st May:

• Renewables contributed over 50% of generation at times during the bank holiday weekend.

• Increased US rig count and production rises encourage oil price retreat.

• Strong renewable output and low demand push down day-ahead prices.

• UK power curve saw price increases earlier in week 21, before losses in second half.

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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