Low wind bolsters prompt prices; commodities push power curve down

The Haven Power market report is your weekly update on changes in the UK energy market.

Register now!

By Freddie Rand

The Haven Power market report is your weekly update on changes in the UK energy market.

Here’s a summary of what’s happened over the past 7 days:

  • Low wind output bolstered prompt prices for the majority of week 22.
  • Wind failed to generate above 1GW for several days during the week.
  • Rising fuel costs saw power prices dropping towards the end of the week.
  • Brent Crude oil prices fell after rising U.S. output and speculation about OPEC increasing supply.

 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.

This is a promoted article.