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Home/GB Renewables market summary – May 2019

GB Renewables market summary – May 2019

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

Highlights from May include:

  • Driven by a continued fall in fuel prices and demand, the average monthly wholesale price in May dropped to £39.4/MWh, a £3.8/MWh decrease from the previous month and 24% lower than in May 2018
  • Offshore wind monthly load factors decreased from 37% in April to 25% in May, whereas onshore wind load factors decreased from 25% to 16%
  • Gross profits for wind assets fell by approximately 36% compared to April, due to the reduction in load factors as well as a £5.7/MWh drop in capture price
  • Onshore wind acceptance volumes in the BM fell to 57 GWh, down from 153 GWh in April, representing a 63% decrease.

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