Tuesday 22 May 2018

Iran and oil has impact on UK power prices

The Haven Power market report keeps you updated on energy market changes over the last 7 days.

Here’s a summary of the week:

• Day-ahead power prices fail to follow the wind during week 20
• Peak solar output exceeds peak wind for most of the week
• Brent Crude oil benchmark continues driving power and commodity prices as Iran sanctions bite
• Winter-18 contract rises to £61/MWh during bullish week of trading

This market 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.