Instances of negative pricing in the Balancing Mechanism (BM) are here to stay and only set to become more prevalent over the next 15 years, forecasts from Cornwall Insight have suggested.
The 2018/19 winter period could be defined by a rebound for coal and heightened price volatility, but operational margins will be higher than last year, National Grid ESO has said.
SSE has become the last of the ‘Big Six’ energy suppliers to announce price rises this spring, pointing the blame at the spiralling “cost of supplying energy”.
Subsidy-free renewable energy projects are at risk of failing to be viable on the wholesale market owing to ‘price cannibalisation’ during periods of high output, according to a new report by consultancy Cornwall Insight.
Npower has become the latest Big Six supply firm to announce a price hike, squaring the increase solely on growing policy costs and wholesale prices.
The ‘Beast from the East’ cold snap in late February and early March exposed what Drax Group has dubbed an “undue reliance” on the country’s interconnection capacity.
British Gas is to increase its default tariff costs from next month, and is once again attributing the increase to rising wholesale and policy costs.
Engie has formally launched its “innovative” tracker tariff, designed to reflect changes in the wholesale electricity price more accurately for consumers.