Q2 2020 BSUoS Analysis
The significant demand reduction due to COVID-19 over the second quarter of 2020 has led to some extreme out-turns in BSUoS value (BSUoS being the charge by which National Grid recovers money from the network to pay for balancing the electricity system). This was...
Power Market Update – May 2020
Britain has now been coal free for over a month – the first time since the industrial revolution! Although this is largely the result of the continued drop in demand and high generation of renewables this is a massive step towards the UK’s ambitions of removing...
Power market update – April 2020
As the lockdown continues and social distancing slowly becomes the norm across the globe, we see the destructive effects that low demand has caused on UK and Global power markets. Over the past 28 days only 0.7% of our power has come from coal, driven by low demand,...
Power Market update – 14 April 2020
Hope you all had a happy Easter weekend. This was an extremely unorthodox Easter weekend with separated families and social distancing, however there are some positives to report (minus the cheap Easter eggs). Q1 2020 brought on the first-time renewables overtook...
