Tuesday 6 February 2018
Wind continues to blow away supply concerns
Week 5
The Haven Power Market Report
Keep up to date with energy market changes over the last seven days with the Haven Power market report.
It’s particularly relevant if you’re buying electricity flexibly, or about to sign or renew a fixed electricity contract. Getting these decisions right can reduce your vulnerability to price-peaks in the wholesale market and save you money. Here’s a summary of the week:
- High wind output last week helped ease supply concerns caused by nuclear resources running at just 70% capacity
- During this winter’s coldest periods so far, the uncharacteristically windy conditions have kept day-ahead prices at a relatively low level
- The Dutch energy regulator has recommended immediate cuts in gas production at the earthquake-prone Groningen gas field, so they’re now at 40% of 2014 levels
- UK gas storage is at a much higher level than at the same time last year, so there are no immediate concerns about security of supply
For the details - and our weekly analysis of annual power, seasonal contracts, day-ahead power, imbalance prices and renewable power - simply check out the full market report on the Haven Power website.
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