SHARE
+44 (0) 1865 952700 | contact@auroraer.com
Press enquiries
  • This field is for validation purposes and should be left unchanged.

Insight

Home/GB Monthly Wholesale, Balancing & Asset Value Report – April 2020

GB Monthly Wholesale, Balancing & Asset Value Report – April 2020

Our latest report format has been expanded to include more analysis of price metrics, wholesale market activity, balancing mechanism bid-offer acceptances and performance of battery and gas reciprocating engine BMUs.

Highlights from April include:

  1. April saw exceptionally low demand on the GB system due to the COVID-19 crisis, with transmission system demand down 18% on average relative to April 2019
  2. Power prices continued to decline due to the combination of low gas prices and low demand, with average wholesale prices at £23/MWh. Daily price spreads also dropped, at £31/MWh and £59/MWh for wholesale and system prices respectively
  3. Balancing actions taken by National Gridreached their highest ever level, with over 1.5 TWh of actions in both directions. Actions taken by National Grid outside the balancing mechanism through forward trades increased due to the requirement to maintain system stability at times of low demand and high renewable output; these actions largely consisted of turning down wind BMUs
  4. Battery assets saw similar volumes to March, but the decrease in discharging prices slightly outweighed the decrease in charging prices to leave total cashflows down slightly, with Arenko’s 41 MW Bloxwich battery making £2,650/MW net BM cashflow. In addition, Flextricity made the first trades as a Virtual Lead Party through Philip Dennis Foodservice batteries
  5. New peaking BMUsare now included in our analysis of asset performance, with gas recips from Smartest Energy and Conrad Energy in addition to those from Green Frog and Statkraft, and SSE’s Chickerell OCGT. BM offer volumes varied from 10 to 45 full output equivalent hours in April

The report can be downloaded in PDF and the underlying data in Excel format from the download section of EOS.

This is subscriber-only content. To enquire about subscribing to our GB Distributed and Flexible Energy service, please get in touch.
View Report

Our subscription services

Our subscription service provides you with long-term market forecasts, strategic insight reports, interactive client forums and access to our market data and analytics platform.

Interested? Please sign up to receive our complimentary monthly summary reports via email. Simply tick which reports you would like to receive. Please indicate your consent in the box provided and view our privacy policy.

If you would like further information on a particular subscription service or report please enter further information in the box provided.

 

 

  • Please find our privacy policy here

  • The GB Distributed and Flexible Energy Market Outlook presents Aurora’s comprehensive view on the state of the market, and includes our latest outlook on capacity, wholesale, balancing, ancillary and local flexibility markets, showing how these can be monetised by flexible assets.

    Read More
  • Aurora’s GB Distributed and Flexible Energy Market Outlook Report for H2 2019 presents Aurora’s comprehensive view on the state of the market, and includes our latest outlook on capacity, wholesale, balancing, ancillary and local flexibility markets.

    Read More
  • Aurora’s latest Distributed and Flexible Energy Market Outlook Report for H1 2019 presents Aurora’s comprehensive view on developments in policy and technology, our integrated market outlook including revenue stream forecasts, and investment case analysis.

    Read More

Independent intelligence for the global energy transformation

Contact us