BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

UK prompt power prices mixed on wind uptick, solar output drop

Natural Gas | Oil

So what happened at MPGC 2019?

Electric Power

Platts M2MS-Power

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

Oil

OPEC, Russia alliance has long-term future: Saudi adviser

UK prompt power prices mixed on wind uptick, solar output drop

London — UK day-ahead power prices moved in opposite directions on Thursday driven by forecasts of falling solar power generation and rising demand and wind output, sources said.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Baseload power for Friday delivery was last heard trading at GBP43.50/MWh, down 75 pence on the day, whereas no peakload spot trades were heard before the 11:00 am London time market close.

The peak contract was assessed at GBP47.65/MWh, up 40 pence on the day, using block 3+4 power price of GBP46/MWh and block 5 price of GBP51/MWh.

According to N2EX and EPEX Spot exchanges, the day-ahead UK auction also cleared largely in line with the OTC market at GBP43.65/MWh on the base and higher on the peak at GBP48.21/MWh on Thursday.



On the supply side, peak wind power generation is expected to rise to slightly above 2 GW on Friday, compared with around 1 GW on Thursday, but solar output is set to halve to 3.6 GW on Friday, down from nearly 7 GW predicted for Thursday, National Grid data showed.

At the same time, demand for power is expected to peak at 35.2 GW on Friday, up from Thursday's peak demand estimates of 34.4 GW. Typically, demand is lower on Fridays than the other days of the week.

However, supply concerns due to lower and intermittent power production from renewables sources and falling power plant availability are keeping up system demand and supporting higher short-term prices.

Grid data showed that available gas-fired power generation capacity is expected to fall to 22.7 GW on Friday from Thursday's 22.9 GW, while capacity from coal plants is seen steady.

Also, only half of 1-GW BritNed interconnector capacity is available to the market due to the planned maintenance.

The Dutch flows returned to around 501 MW by Wednesday evening but ramped back down to zero Thursday morning, the Grid data showed. BritNed is expected to return to full capacity late Thursday evening.

At midday Thursday, electricity from coal and gas plants stood at 2 GW and 17.2 GW respectively, while nuclear and French imports were steady at 7.3 GW and 2 GW respectively, the Grid data showed.