Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.
National Grid ESO has issued its first Electricity Capacity Market Notice (EMN) of the winter for this evening (3 December).
The volatility in the energy market has continued this week, with National Grid ESO issuing another Electricity Market Notice (EMN) while day ahead prices just to almost £1,500/MWh.
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.
National Grid ESO has once again issued an Electricity Margin Notice (EMN), its second this week and fifth this winter.
National Grid ESO has once again issued an Electricity Margin Notice (EMN) as tight demand is predicted for this evening.
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.