Octopus Renewables Infrastructure Trust (ORITs) saw its net asset value (NAV) decrease in Q1 2023 primarily due to lower forecast wholesale power prices across Europe.
Market analytics platform Modo Energy has said that Firm Frequency Response (FFR) auction prices in the UK have reached its lowest level since 2019 as a result of market saturation.
Australian power company Origin Energy has upgraded its 2023 financial year energy markets earnings due to a “stronger than expected” contribution from Octopus Energy.
Xlink’s project aiming to connect the UK with Morocco via a power line has received investment from Abu Dhabi National Energy Company PJSC (TAQA) and Octopus Energy.