‘Day-ahead power prices are 300% higher than the same time last year’

On Monday, the low wind speeds pushed energy prices to more than £2,000 per MWh

Large fire at key UK substation cuts off power from France

The IFA interconnector is currently out of service and following an initial review, National Grid said 1,000MW of capacity is unavailable until 27th March 2022

Power prices for SMEs climb to record levels

Prices in the second quarter of the year reached the highest level since 2012

Big Six customers ‘paying £400 more for energy’

Big Six energy customers are missing out on savings of up to £400 per year. That’s because the recent prices cuts announced by them are smaller compared to the savings customers could make if they switch to a different supplier, a study by Which? has revealed. Customers on standard tariffs with the Big Six providers would […]

Wadebridge to slash power prices when sun shines

Householders in Wadebridge, Cornwall are being offered cheaper electricity when the sun is out. Under the pilot scheme, consumers can sign up for a lower rate of 5p per unit during the day from 10am to 4pm between April and September. While the cheaper ‘Sunshine Tariff’ will be applied when the sun is powering solar […]

European power and gas prices fell last month

European power and gas prices tumbled last month. The 13.29% reduction in power prices was due to “exceptional” wind power output combined with mild temperatures and falling demand, according to data released by Platts. Prices dropped to €33.08/MWh (£25.2/MWh) in December compared to November. On a year-over-year basis, it was down 14.5% last month. Mild […]

Power prices still falling – Y report

Power prices are continuing to fall, according to Inenco’s Y report. Dorian Lucas, Energy Analyst said: “Those customers looking to place fixed price contracts, those who can wait a little bit might benefit from doing so, however if you’re looking at the market now and seeing a year-in-year benefit might be beneficial for you to […]

European power prices up in September

European power prices rose in September even though nuclear generation was reduced in France. According to data released by Platts, continental power prices increased 9.38% to €36.15 (£27.01) per megawatt hour (MWh). However, on a year-over-year basis, it was down 2.45% from the September 2014 level of €37.07/MWh (£27.4), it added. The power price in the […]

Election results increase pound value – DMR

The unexpected poll results have made the value of the pound go up, according to npower’s daily market report. The pound was trading at €1.33 yesterday and is now worth €1.38. Client Portfolio Manager Alex Guiot said: “It could help the prices to ease down.”   Overall, the gas system is short by 18mcm. Production from […]

“Topsy-turvy” market affects today’s prices – DMR

  The unpredictable market yesterday has resulted in a boost in power season prices, according to the daily market report. Tim Carter, Client Portfolio Manager on npower’s Optimisation desk said: “French interconnectors are now importing at near capacity as French margins improve and as such power prices are gaining in line with gas.” The March […]