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.
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.