We are pleased to present our latest GB wholesale power market summary report. This report combines the highlights from our previous GB system, wind, company and plant performance notes.
Highlights from our February 2020 report include:
- A combination of lower fuel prices and demand resulted in February’s average power price dipping to £29.5/MWh – the lowest monthly price in a decade and a £5.3/MWh decrease from January
- Higher temperatures in February reduced monthly demand by 10% compared to January Consequently, monthly gas and coal generation decreased by 1.6 TWh and 0.5 TWh, respectively
- With low carbon technologies contributing to 70% of total generation in February (wind alone accounted for 41%), total monthly emissions fell by 1.3 MtCO2 (or 27.1%) relative to January
- Despite lower power prices, wind assets saw an 8% rise in monthly gross revenues relative to January as the 10-p.p. average increase in load factors outweighed the 14% dip in capture prices
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