Skip to main content

This Market Summary presents the March 2022 market data for GB. Metrics include power prices, demand, emissions by technology, and company and plant performance.

Key findings in this report include:

  • The average power price in March was £236.8 /MWh, a 51% (+£79.6 /MWh) increase from February. Onshore and offshore wind capture prices were similarly up over 50% compared to February while solar prices were up 38%.
  • The increase in power prices in March has been driven by a 59% (+£38.3/MWh) increase in gas prices, coupled with a 7% (1.5 TWh) increase in demand. This more than compensated for an 8.8% (-9.1£/tCO2) drop in carbon prices.
  • Onshore and offshore wind load factors fell significantly in March to 27% (-28%) and 39% (-31%) respectively, both below their historical monthly averages. Consequently, average CCGT load factors increased from 18% in February to 34% in March.
  • With reduced wind generation, domestic power sector emissions increased in March by 59% (+1.8 MtCO2e) to 4.4 MtCO2e compared to February.

Sign up to receive our latest public insights straight to your inbox

Sign Up