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Home/GB Renewables market summary – March 2019

GB Renewables market summary – March 2019

Aurora is pleased to present its latest GB Renewables Market summary report.

Highlights from March include:

  • Onshore wind generation broke its monthly record with 3.3 TWh produced in March. This resulted in a total GB wind generation record of 6.1 TWh, representing 27.6% of total generation – a 4.3 p.p. increase compared to February.
  • Driven by lower fuel prices and higher wind generation, the average monthly power price in March fell to £42.4/MWh, a £6.6/MWh reduction from the previous month.
  • Solar PV, onshore wind and offshore wind capture prices dropped to £40.5/MWh, 41.0/MWh and £41.9/MWh respectively.
  • Onshore wind acceptance volumes increased to 440 GWh, up from 140 GWh in February, making up 38% of total accepted bid volumes. Onshore wind generators were paid a total of £31 million to turn down

If you would like to discuss the findings, please get in touch.

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