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.

Read more

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.

Read more

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.

Read more

Britain’s interconnectivity with Europe to rise sharply despite Brexit

GB’s power market is set for radical change as its interconnectivity will more than double in the next three years despite Brexit and other various barriers. Power markets do not sit alone in isolation. Great Britain’s power market is connected to several countries.

Read more

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.

Read more