Electricity demand in Great Britain returned to pre-COVID-19 levels in Q1 2021, with tight margins being a common feature of the quarter.
The windy weather pushed power prices down below zero last week, hitting a low of -£61/MWh according to EnAppSys.
The T-4 Capacity Market auctioned closed yesterday in its twelfth round, with 40819.895MW awarded agreements.
Electricity prices in Britain have soared at the beginning of the month, with the post-Brexit market arrangements contributing to the spikes.
The T-1 Capacity Market (CM) auction has cleared at a record high price of £45/kW/year on day one.
Brexit has led to reduced trading over Irish electricity interconnectors and increased the frequency of extreme prices .
Four months into operation, Dynamic Containment is still undersubscribed according to new analysis from EnAppSys.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
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.