Wednesday, 7 November 2012

Spot Power Prices & Temperatures


Shorter-term contracts were significantly affected by gas supply concerns and higher demand. Low wind speeds, nuclear outages, and maintenance at the France–UK interconnector also meant more expensive gas-fired generation was called on to balance the system. These factors pushed the day-ahead power price up to an eight-month high of £50.9/MWh, while the day-ahead gas prices increased 12% month on month to an eight-month high of 67.5/p/th. The last time day-ahead prices were this high was during the cold-snap in February.

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