Costs for interconnector capacity to Britain are the most expensive in Europe

Costs for interconnector capacity to Britain are the most expensive in Europe

Looking at the monthly auctions for May 2021, which are hosted via JAO’s trading platform, our latest research shows that the price for capacity on the interconnector to export energy from Belgium to Great Britain was the most expensive in Europe at 19.42€/MW/H.

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Demise of King Coal causes turmoil in Germany

Demise of King Coal causes turmoil in Germany

The planned timeline for ending coal power generation in Germany could cause the country significant challenges as it battles to meet future electricity demand. Coal is currently so strongly entrenched in German energy systems that a total withdrawal of it by this date will need to clear some hurdles

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Belgian FCR prices hit new record

Belgian FCR prices hit new record

Capacity prices for FCR reached record levels of over € 1.000 per MW per hour due to scarce flexibility. Weekends in Belgium will remain very tricky, at least until the pumped storage plant at Coo will return to service, with nuclear switching off, it will be interesting to see what happens the following weekends.

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New day-ahead electricity market service drives higher prices

New day-ahead electricity market service drives higher prices

STOR was re-introduced on April 1 and unlike its previous incarnation, which was tendered for season-long durations, it is based on daily auctions – giving providers the flexibility to optimise on a daily basis between STOR and other market segments.

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New post-Brexit market arrangements trigger hike in power prices

New post-Brexit market arrangements trigger hike in power prices

Prices in the GB electricity market soared at the beginning of this month. The maximum day-ahead price in the market in the first week of March was £683 – more than three times the maximum day-ahead price of £191.55 seen in any day in March in the previous six years.

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Brexit cuts interconnector use and sends power prices rocketing

Brexit cuts interconnector use and sends power prices rocketing

Britain’s exit from the EU has resulted in reduced trading on the electricity interconnectors between GB & Ireland and increased the frequency of extreme prices although the withdrawal agreement ensured that the SEM would remain intact.

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Norway overtakes France to become largest net energy exporter

Norway overtakes France to become largest net energy exporter

Norway overtook France to become the biggest net exporter of power in Europe in the second half of 2020. Norwegian water reserves increased steadily and reached a new peak for the first time since 2015. Italy remains biggest net importer.

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New ancillary service remains undersubscribed

New ancillary service remains undersubscribed

A new ancillary service, dynamic containment, procured by National Grid to manage the frequency of Britain’s electricity system remains undersubscribed more than four months after its launch in October 2020, but is showing its potential as a useful new revenue stream for battery projects.

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Negative prices sweep across Europe

Negative prices sweep across Europe

Negative power prices have swept across Europe in the first nine months of 2020, with excess power in the market resulting in consumers being paid rather than charged to use electricity. European countries on average saw negative day ahead prices almost 1% of the time.

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