Tuesday 27 March 2018

Oil, not wind, poses threat from the east

To stay up to date with the week’s energy market changes, check out the Haven Power market report covering the past 7 days.

Here’s a summary of the week:

• Brent Crude prices surged, thanks to the threat of supply cuts from Saudi Arabia.
• Milder weather subdued day-ahead prices.
• National Grid paid offshore wind projects to stop generating, leading to a period of negative imbalance prices.
• Combined Cycle Gas Turbine (CGT) plants also paid to not generate, to save on fuel costs.
• The price of carbon exerted influence over the UK power curve.

This report is 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.

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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