GB Wholesale Power Market Summary – October 2020
We are pleased to present Aurora’s latest GB Wholesale Power Market Summary report. This report combines the highlights from our previous GB System, Wind, Company and Plant performance notes.
Key highlights include:
- Despite a rise in gas prices and demand, the decrease in carbon prices and increase in low marginal cost generation led to a dip in October’s average power price to £41.5/MWh, or £1.7/MWh (or 4%) lower than September.
- Lower temperatures caused monthly power demand in October to increase by 2.8 TWh (or 15%) relative to September.
- Despite a rise in demand, thermal generation fell by 1.1 TWh (or 12%) relative to September as low marginal cost generation increased by 6% (to 63% of total generation). Consequently, total emissions fell by 0.4 MtCO2 (or 11%) compared to September.
- Wind assets saw an increase in their profitability in October as wind capture prices increased by £1.0/MWh (or 2%) alongside an increase in load factors of 7.5 p.p (to 42%) relative to September.
The full report is subscriber content. Click the button below to see a shorter public version. If you would like to discuss the findings, or become a subscriber, please get in touch.