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Home/GB Wholesale Market Summary – November 2019

GB Wholesale Market Summary – November 2019

We are pleased to present Aurora’s latest GB Wholesale Power Market Summary report. This report combines the highlights from our previous GB System, Wind and Plant performance notes.

Highlights from our November 2019 report include:

  • With gas prices rising by 44% from October, the average power price in November rose to £43.7/MWh, a £7.6/MWh increase from the previous month but still a 29% reduction from November 2018
  • A colder month resulted in monthly demand rising by 9% (or 2 TWh) compared to October. Coupled with lower renewables output, monthly thermal generation and carbon emissions rose by 1.7 TWh and 28% respectively
  • Total monthly gross profits rose by £5.1m compared to October, as higher demand increased the utilisation rate of thermal assets by 6 percentage points, coupled with higher baseload prices
  • Gross profits for owners of wind assets fell by 18% as a 3 percentage points fall in load factors outweighed a rise in capture prices of £7.4/MWh relative to October

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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