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Home/GB Renewables Market Summary – November 2018

GB Renewables Market Summary – November 2018

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

Highlights from November include:

  • Average power prices continued to decrease to £61.2/MWh, a 1% reduction from October’s price. Low solar output led the technology to capture the baseload price while wind capture prices decreased to £59.2/MWh due to higher cannibalisation than in October.
  • GB broke its record for monthly onshore wind output again, with a total generation of 1.79 TWh, a 3% increase from October’s previous record. This was partly fueled by Storm Diana (end of November) which drove high wind load factors and low power prices.
  • Offshore wind load factors reached 58% over November, an increase of 11 percentage points compared to October and 5 percentage points compared to November 2017.

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

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