SHARE
+44 (0) 1865 952700 | contact@auroraer.com
Press enquiries
  • This field is for validation purposes and should be left unchanged.

Insight

Home/GB Monthly FFR Market Summary – July 2020

GB Monthly FFR Market Summary – July 2020

Highlights of the July report include:

  • In the July tender for delivery in August, there were 72 dynamic bids accepted, with a volume-weighted average price of £6.59/MW/h, down 5% from the previous month
  • While volume-weighted average prices are showing only a gradual month-on-month decline, maximum accepted prices have dropped significantly over the past six tenders, from £13/MW/h in the February tender for March delivery to £7.56/MW/h in the July tender for August delivery, resulting in a very small spread of accepted prices. This has reduced value attainable through the monthly tender for the smaller units at the top of the stack. Drivers include new entries (e.g. the Arlington Greenfield Road battery) and the participation of Arenko’s Bloxwich battery in the latest tender, following declines in value from the balancing mechanism over the past couple of months
  • Zenobe secured the two highest value contracts at £7.56/MW/h and £7.55/MW/h on two of their 10 MW units, for the 3pm – 11pm EFA blocks
  • Arenko’s Bloxwich battery was accepted for the 7am-3pm and 3pm-11pm EFA blocks for £6.67/MW/h and £7.42/MW/h respectively for 36 MW of capacity. Habitat had 10 bids accepted across 4 units at a volume-weighted average price of £6.54/MW/h. Statera secured contracts covering all EFA blocks for its Pelham and Creyke Beck sites at average prices of £6.55/MW/h
  • A total of 30 static bids were accepted for delivery in August, with a volume-weighted average price of £2.32/MW/h, a 4.0% increase on the July average

The report can be downloaded in PDF format from the download section of EOS.

This is subscriber-only content. To enquire about subscribing to our GB Distributed and Flexible Energy service, please get in touch.
View Report

Our subscription services

Our subscription service provides you with long-term market forecasts, strategic insight reports, interactive client forums and access to our market data and analytics platform.

Interested? Please sign up to receive our complimentary monthly summary reports via email. Simply tick which reports you would like to receive. Please indicate your consent in the box provided and view our privacy policy.

If you would like further information on a particular subscription service or report please enter further information in the box provided.

 

 

  • Please find our privacy policy here

  • Firm frequency response markets are expected to change significantly. Summary of the monthly auction results offer insights in price development, contracted volumes and for bidding strategies.

    Read More
  • Our market summary provides insights on pricing, volumes and winning technologies in the balancing mechanism. Generic dispatch strategies allow to track baseline profitability of flexible assets.

    Read More
  • The GB Monthly Wholesale, Balancing & Asset Value Report include more analysis of price metrics, wholesale market activity, balancing mechanism bid-offer acceptances and performance of battery and gas reciprocating engine BMUs.

    Read More