power prices

In total the Demand Flexibility Service tests have procured over 1.5GWh of capacity. Image: Getty.
December 4, 2020

BM prices skyrocket to £1,000/MWh as cold weather and low wind bites

​Prices in the Balancing Mechanism hit £1,000/MWh last night (03 December) with two CCGT offers accepted at the price.
The Vulnerability Commitment’s signatories include Octopus Energy
November 26, 2020

National Grid ESO warns of tight margins as power price set to surge beyond £300/MWh

​Low winds and falling temperatures have caused power prices to spike this evening (26 November), as National Grid ESO warns of tight margins.
Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.
August 17, 2020

UK power industry to lose £1.1bn due to COVID-19 lockdown

​The UK power industry has lost £1.1 billion due to the impact of COVID-19, according to energy trading company Hartree Solutions.
Image: Peter McDermott.
May 26, 2020

Record power prices and carbon lows over the bank holiday keep National Grid ESO on its toes

​It was another exceptional bank holiday weekend for Britain’s electricity network, with power prices hitting new record lows as carbon intensity dropped to its lowest point ever.
Fight for land could have severe implications on the UK's net zero prospects. Image: Statkraft.
May 7, 2020

Statkraft sees £141m loss in Q1 as power prices fall throughout Europe

​System price drops in the UK and across Europe drove down Nordic energy giant Statkraft’s earnings in Q1 2020.
The report showed that although 47% of people working in the renewable sector expect a >5% pay increase
April 22, 2020

Plummeting EU power prices may not recover until 2025

​Power prices across Europe - which have on average fallen between 30% and 40% - may not fully recover until 2025.
Renewables and storage need a level playing field with traditional generation
January 8, 2018

Peak power prices sent tumbling by higher margins, lower demand

Greater power margins and falling electricity demand sent peak market prices tumbling, according to energy monitoring firm EnAppSys.

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