Tuesday 20 February 2018

Oil and gas gains spark power curve

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:

• Oil and coal commodity prices bucked the trend of recent price losses and boosted the UK power curve.
• Day-ahead prices fluctuated thanks to wind output and cold weather forecasts.
• National Grid (NG) turned off renewable generators to reduce system oversupply.
• NG also called upon flexible pumped storage hydro to ease system stress.

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

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