Electricity prices in Britain have soared at the beginning of the month, with the post-Brexit market arrangements contributing to the spikes.
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 first week of 2021 has been a turbulent one for the UK’s energy market, with price spikes and tight margins keeping traders on their toes.
Great Britain’s tumultuous energy week has continued, with system tightness leading to West Burton B being called at £3,000/MWh yesterday (6 January).
Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.