Tuesday 13 February 2018

Strong winds cool down day-ahead price volatility

Week 6

The Haven Power Market Report

Keep up to date with energy market changes over the last 7 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 kept day-ahead prices in control.
• Oil and coal commodity prices continued their fall in value.
• Nuclear availability improved after the 600MW Torness plant returned to operations.
• The system operator didn’t need generation from pumped hydroelectric storage, as high wind output caused supply to outstrip demand
• The threat of strike action in Colombia’s largest mine contributed to coal price weakness.

For the details - and our weekly analysis of day-ahead power, imbalance prices, renewable power, seasonal contracts and annual power - simply check out the full market report on the Haven Power website.

This is a promoted article.