Tuesday 12 June 2018

Front season and oil prices down, wind output low, while sun shines

The Haven Power market report: your update on the week’s energy market changes.

Here’s a summary of the last 7 days:

• Gas-fired generation made up for a distinct lack of wind generation throughout week 23.
• Oil and gas continued to drive seasonal products.
• Brent Crude oil benchmark moved up and down during the week.
• Day-ahead prices fell over the course of the week, despite low wind.

 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.

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