Tuesday 26 June 2018

Sun shines and demand falls as oil price rises

Stay up to date with energy market changes over the last 7 days: see the Haven Power market report.

Here’s a summary of the week:

• High solar output suppressed demand and day-ahead prices
• Excess wind generation turned down to balance the system, resulting in negative prices
• High renewable output and low demand over the weekend
• Brent Crude oil benchmark rose ahead of OPEC meeting

 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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