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Home/GB Renewables Monthly Market Summary – August 2020

GB Renewables Monthly Market Summary – August 2020

We are pleased to present Aurora’s GB Renewables Market summary report.

Highlights from August include:

  • As a result of average gas prices rising by 54%, the average baseload price increased to £35.3/MWh, equivalent to a £7.4/MWh  (27%) rise from July’s average
  • August was the first month to have zero settlement periods with negative prices in the intraday market since July 2019, and in the day ahead market since March 2020
  • Relative to July, load factors for solar PV and onshore wind decreased by 2 p.p. to 13% and 21%, respectively. However, capture prices increased to £36.2/MWh for solar PV and £33.6/MWh for onshore wind, equivalent to a £7.8/MWh (27%) and £7.9/MWh (31%) growth since July. Offshore wind experienced an increase in load factor by 2 p.p., to 36%, and a rise in capture prices by £8.9/MWh (36%) since July
  • Onshore wind’s accepted bid volumes in the balancing market decreased to 66.0GWh, a drop of 124.2GWh, or 65%, since July. As a result, onshore wind’s accepted bid cashflow decreased to £4.5 million in August – a drop of £9.1 million, or 67%, compared to July

This is subscriber-only content. To enquire about subscribing to our Renewables service, please get in touch.

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  • Aurora’s GB Renewables market report provides a monthly summary of prices and volumes in the wholesale market and balancing mechanism.

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  • Aurora’s GB Renewables market report provides a monthly summary of prices and volumes in the wholesale market and balancing mechanism.

    Read More
  • Aurora’s GB Renewables market report provides a monthly summary of prices and volumes in the wholesale market and balancing mechanism.

    Read More