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Home/GB Wholesale Market Summary – September 2019

GB Wholesale Market Summary – September 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 September 2019 report include:

  1. With a continued fall in fuel and carbon prices, the average wholesale price in September decreased to £33.8/MWh, a £3.4/MWh decline from August, and a 47% reduction from September 2018.
  2. A 3% (or 0.5 TWh) increase in demand relative to August resulted in an additional 0.4 TWh and 0.1 TWh of CCGT and nuclear generation respectively.  Consequently, total carbon emissions rose by 3%.
  3. Gross profits for wind assets fell by 0.6% relative to August, as the £3.1/MWh fall in capture prices outweighed the 1.5 p.p. increase in load factors.
  4. With wholesale prices falling by more than the decline in fuel prices, and lower scarcity rents from looser capacity margins, overall, total monthly gross profits fell by £23.5m compared to August.

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

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