power prices

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.

April 16, 2021

GB electricity demand resurged in Q1 as low wind drove tight margin trend

Electricity demand in Great Britain returned to pre-COVID-19 levels in Q1 2021, with tight margins being a common feature of the quarter.

ECIU estimates that each onshore wind farm can produce 9MW for each square kilometre of space. Image: Pxfuel.

March 16, 2021

Power prices dip down to low of -£61/MWh as winds batter Britain

The windy weather pushed power prices down below zero last week, hitting a low of -£61/MWh according to EnAppSys.

PM Liz Truss announced the Energy Price Guarantee on 8 September

March 9, 2021

Power prices stay high as the impact of Brexit continues to be felt

Electricity prices in Britain have soared at the beginning of the month, with the post-Brexit market arrangements contributing to the spikes.

Newman at a solar asset. Image: Limejump.

February 18, 2021

Limejump hails ‘terrific response’ in power market as it adds 170MW already in 2021

Limejump has added more than 200 renewable generators to its Virtual Power Plant (VPP) through Power Purchase Agreements (PPAs) in 2021.

February 17, 2021

Utilities call for gas' ‘thumb to be taken off the scale’ with changes to levies

Utilities have called for changes to "outdated" gas and electricity levies in a bid to decrease costs of electrified heating and save the poorest households more than £100 a year.

The Vulnerability Commitment’s signatories include Octopus Energy

February 17, 2021

Brexit has reduced trading with Ireland sending power prices ‘rocketing’

Brexit has led to reduced trading over Irish electricity interconnectors and increased the frequency of extreme prices .

January 6, 2021

Power prices reach record high as tight margins drive N2EX beyond £1000/MWh

Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.

December 22, 2020

The heat pump rollout could fail due to high electricity costs warns EAC

The cost of electricity could cause the rollout of heat pumps to fail, as the technology must be made affordable for consumers.

December 21, 2020

Shell Energy posts £32m loss as ‘unsustainable pricing’ draws customers away

Shell Energy has posted an almost £32 million loss for 2019, pointing to falling customer numbers as competition in the sector remains strong.

‘I suspect there will be a similar scheme to triads next year

December 7, 2020

Power prices spike to £720/MWh as low winds continue to stretch grid

It has been a tumultuous weekend for energy prices in the UK, with an unprecedented day-ahead clearing price for a Sunday of £350/MWh.

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