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Power Market Update – May 2020

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

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

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...
Power Market Update – 13 March 2020

Power Market Update – 13 March 2020

Dramatic start to the week as the oil prices dropped 31% over the weekend. Continued pressure from the US and China trade dispute to blame amongst other things, this contributed to depressed power prices on Monday. More Coronavirus concerns as cases grow in Europe...

Power Market Update – 6th March 2020

Exciting news for the whole renewables industry this week as BEIS released a consultation document announcing proposed changes to the Contracts for Difference scheme. There are changes to storage and negative pricing, but the main headline is established ‘Pot 1’...