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Home/GB Wholesale Market Summary – February 2019

GB Wholesale Market Summary – February 2019

Aurora’s GB wholesale market report provides a monthly summary of key characteristics in the wholesale market, ranging from overviews of fundamental system drivers to estimates of major company performance and snapshots of individual plant operation.

Highlights of the February 2019 report include:

  1. In addition to lower fuel and carbon prices, a sharp dip in power demand decreased average monthly power prices in February to £49.0/MWh, a £10.7/MWh fall from the previous month.
  2. Higher than average temperatures in February reduced monthly demand by 16% compared to January. Consequently, monthly gas and coal generation decreased by 3 TWh and 1.2 TWh, respectively.
  3. Total monthly gross profits fell by £222m compared to January due to the fall in demand which squeezed gross margins for thermal assets and the decrease in commodity prices which reduced the inframarginal rent of non thermal assets.
  4. Gross profits for wind assets fell 10% between January and February as an increase in load factors of 3 percentage points failed to ameliorate the 14% fall in capture prices.

Not a subscriber? View a sample of the GB wholesale market summary here and get in touch.

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  • This forecast presents a deep and comprehensive overview of the GB power market, including fully detailed descriptions of energy and climate policies, generation technologies, demand, and fuel prices.

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  • Aurora’s System performance report provides a monthly snapshot of key operating characteristics for the GB power system. Which fuels are most used? Which power plants most profitable? How would a change in the price of gas or coal impact the system price through the dispatch?

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  • Aurora’s Company performance report presents a summary of the operational and financial performance of all major participants in the GB wholesale power market. The key statistics include companies’ revenues and profits, outputs, capacities, capture prices and load factors. All the metrics are presented for the entire generating portfolios, their subsets for each technology, as well as for individual assets. The report also presents the evolution of companies’ market shares over time.

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