In this weeks Current± Price Watch series – powered by LCP Enact – we take a look at how Britain is eyeing power prices over winter and how the imbalance price has fared over the first half of 2022.
A colder than normal Q1 2021 and low wind generation in the summer across Europe exacerbated Britain's energy crisis, according to energy market data analyst EnAppSys.
The UK’s electricity system price spiked to over £500/MWh last night (15 September) in response to low levels of wind generation.
The UK’s electricity system price spiked to £2,242/MWh last night (4 March 2020) following lower than expected wind generation during the evening peak.
The UK’s electricity system price spiked to £375/MWh for more than an hour on Monday, as market conditions prompted renewed volatility.