As wholesale power prices continue to soar to new record levels, one academic has predicted even large suppliers will be under extreme pressure. Average prices in the day-ahead market for Tuesday (14 September) hit £461/MWh on the EPEX market and £380/MWh on Nordpool. Jeff Hardy, a senior research fellow at Imperial College London, warned “if you haven’t got anything that de-risks your exposure to wholesale prices as a supplier, then I think you are going to be in deep trouble”.
Larger suppliers are ‘really hurting’ from soaring wholesale costs
