Energy supplier market shrinks by over half as further ‘tough times ahead’
The number of domestic energy suppliers has fallen by over half from 47 to 25 since the start of 2021.
Articles tagged with: imbalance price
'Extreme pricing' raising winter concerns as GB imbalance price soars to £4,000/MWh
Concerns over pricing as GB heads into the colder months are rising following numerous power price records being broken yesterday (9 September).
EDF made over £7.5m in one day in January as it reacted to tight margins
In January, EDF was paid more in three days than it did in Q3 2020, as low winds and cold temperatures pushing National Grid ESO’s ability to balance the system.
Sixth EMN issued while day ahead prices jump to £1,500/MWh as capacity remains tight
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.
Balancing Mechanism price jumps to highest level since 2001, hitting £4,000/MWh
The imbalance price reached a high of £4,000/MWh on Friday evening, capping off a dramatic week in the energy market.