Electricity market prices update
electricity market Update
The expected return to the grid of the Dungeness nuclear unit, as well as capacity at six coal plants tomorrow has weighed the Day-Ahead down below its last assessment this morning.
Yet, the downward shift has been fairly small as temperatures are expected to drop below seasonal normal levels on Wednesday which has buoyed the demand forecast.
Moreover, wind output will decline significantly tomorrow, whilst the Torness nuclear unit will suffer a one day outage.
Near curve contracts have also been under the control of the bears, in response to a new longer-term weather forecast predicting temperatures above seasonal averages for much of February.
Negative signals have fed through from equivalent gas contracts as well, and so the drop in price is greater than on the prompt. At the end of the curve the bearish trend in electricity market prices persisted mainly driven by earlier weakness from the Brent Crude benchmark product.
Brent dropped below its close point this morning in reaction to various banks lowering their oil price forecast for 2016, although news that US shale oil production should fall for the seventh month in a row during February has led to the commodity rising back to its previous settlement.
ESOS – The deadline has passed, are you now compliant? The Energy Savings Opportunity Scheme (ESOS) is a mandatory scheme administered and enforced by the Environment Agency, requiring all large…Read More
electricity market Update The expected return to the grid of the Dungeness nuclear unit, as well as capacity at six coal plants tomorrow has weighed the Day-Ahead down below its…Read More
Streamlined Energy and Carbon Reporting regulations Streamlined Energy & Carbon Reporting (SECR) is a new industry legislation that was introduced in April 2019, replacing the Carbon Reduction Commitment (CRC) scheme.…Read More
Climate Change Levy is a UK wide tax on energy and fuels which are purchased by businesses and the public sector, introduced in 2001, The main rates are paid by…Read More