Ofgem eyes regulation changes as concerns over high BM costs mount
Ofgem has stated it is ready to use its powers to change market rules if necessary in light of balancing costs doubling between September and November.
Articles tagged with: tight margins
Winter Outlook 2021: Tight margins and high prices to define winter period
Tight margins are to characterise this year’s winter period, with significant price spikes in the Balancing Mechanism possible.
Fire blazing at IFA1 interconnector leaves GB grid facing even tighter market and higher prices
A fire at National Grid’s IFA1 interconnector site in Sellindge is to see power prices once again spike in the UK as 1GW of capacity drops off the system.
National Grid ESO has warned of tight margins come winter due to supply uncertainty
Following the tight margins seen on the electricity system last winter, National Grid ESO has released an early view of its winter outlook.
GB electricity demand resurged in Q1 as low wind drove tight margin trend
Electricity demand in Great Britain returned to pre-COVID-19 levels in Q1 2021, with tight margins being a common feature of the quarter.
This week once again saw tight margins in Britain’s electricity network, as winds dropped off and temperatures remained low, causing day ahead prices to hit a high of £499.92/MWh in N2EX.
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.
National Grid ESO issues second EMN in a week
National Grid ESO has once again issued an Electricity Margin Notice (EMN), its second this week and fifth this winter.
Power prices spike to £720/MWh as low winds continue to stretch grid
It has been a tumultuous weekend for energy prices in the UK, with an unprecedented day-ahead clearing price for a Sunday of £350/MWh.