winter outlook

​In this week’s edition of our Current± Price Watch series – powered by LCP Enact – we take a look at the record high wind generation – and curtailment – over the past week, as National Grid ESO sets out its Winter Outlook Report.

The Energy Networks Association (ENA) has provided information on how customers can cope and understand the increasingly likely planned national power cuts set to be introduced over the winter period.

OVO Energy has launched a new scheme dubbed "Power Move" that aims to reduce the demand on the energy grid and provide up to £100 in savings for households this winter.

While there is a risk of blackouts due to electricity shortages over the coming winter, National Grid ESO is ”cautiously confident”.

​While tight operational margins are expected over the coming winter, National Grid Electricity System Operator (ESO) is confident it will be able to manage these using its standard operational tools, it has said.

Stability key focus of future market design, the How are we preparing for power markets of the future? panel agreed at the Renewable Energy Trading Summit.

“This is the time for action,” National Grid ESO's executive director Fintan Slye ​has said, unveiling new measures to support the UK's energy system through the energy crisis.

​Tight margins are to characterise this year’s winter period, with significant price spikes in the Balancing Mechanism possible.

​Following the tight margins seen on the electricity system last winter, National Grid ESO has released an early view of its winter outlook.

​Whilst power demand has started to recover, the impact of COVID-19 continues to be uncertain as the country moves into the winter period.