Conventional generation

Latest

Power prices tumble amid mild winter and record renewable output 

Power prices tumble amid mild winter and record renewable output 

Wholesale power prices fell by more than a fifth between the final quarter of 2023 and the first three months of this year as mild winter weather and record renewable output suppressed gas demand. According to energy market analysts at EnAppSys, day-ahead power prices on the EPEX and Nordpool exchanges averaged £64.57/MWh and £64.45/MWh respectively in the first three months of 2024. This was around half the level seen in the same quarter last year and a drop of 22% when compared to the previous quarter’s figure of £82.50/MWh.

2 years ago

Energy consumption in 2023 fell to lowest in 50 years

2 years ago

Zonal pricing could push 10GW of offshore wind into Southern England 

2 years ago

ESO holds first auction for new Balancing Reserve service

2 years ago

Link between gas and power prices rapidly diminishing

2 years ago

T-4 capacity auction clears at new record high of £65/kW

2 years ago

Consent granted for new gas power station fitted with CCS

2 years ago

Missing the Point: What a delay to Hinkley Point C means for the power market

2 years ago

Gas import rules could be relaxed to drive competition

2 years ago

Targets confirmed for upcoming capacity auctions

2 years ago

Gas turbines to be kept online to cover offshore wind delays

2 years ago

Fall in gas output drives grid emissions to record low

2 years ago

Another record high price expected in T-4 capacity auction

2 years ago

‘Triage’ process to prioritise strategic connections

2 years ago

SSE raises transmission investment forecast by £2.5bn

2 years ago

Generator faces £24m penalty for licence breach

2 years ago

UK threatens to leave Energy Charter Treaty

2 years ago

Ofgem cracks down on excess balancing profits

2 years ago

‘Sheer bloody mindedness’ to completely exorcise gas generation

2 years ago

New Balancing Reserve service to be fully open to smaller units

The Electricity System Operator (ESO) has reversed a decision that would have effectively ensured that a substantial portion of contracts for its proposed new Balancing Reserve service would be awarded to large gas plants. The body said its new position will fully open the market a wider pool of providers, including smaller and aggregated units.

2 years ago

Load More