A fire at National Grid’s IFA1 interconnector site in Sellindge is to see power prices once again spike in the UK as 1GW of capacity drops off the system.
GB's period of high power prices shows no signs of abating with the day-ahead auction for Tuesday (14 September) clearing at new records across the board.
Concerns over pricing as GB heads into the colder months are rising following numerous power price records being broken yesterday (9 September).
Power prices in Britain have spiked dramatically, with day-ahead auctions clearing at £731/MWh for today's evening peak amidst what industry analysts have labelled a "perfect shoulder month storm".
Britain hit a new electricity import record in a glimpse of the future according to energy market analyst EnAppSys.
The cost of interconnector capacity to Britain is the most expensive in Europe, according to new research from EnAppSys.
Electricity prices have been driven up by the re-launch of Short-Term Operating Reserve (STOR) as a day-ahead service, according to new data from EnAppSys.
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.