Low winds see day-ahead GB power prices soar to £2,000/MWh
Day-ahead power prices in Great Britain rose to £2,000/MWh in the N2EX auction for 17:30 on 15 November, according to EnAppSys.
Day-ahead power prices in Great Britain rose to £2,000/MWh in the N2EX auction for 17:30 on 15 November, according to EnAppSys.
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".
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.
Power prices have spiked to a record level for this afternoon, as cold weather and low wind tighten margins again.