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.
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
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.
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.
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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