Energy Pricing
I’ve been thinking a great deal recently about how policymakers can address the challenges of stalled investment in the energy markets. My post yesterday on system tightness underlines the importance of the challenge, so I was pleased to come across this excellent paper from [...]
Does the current tight system give a flavour of the winter ahead? This week has seen high peak power prices, with day-ahead prices in the N2EX auction spiking at £999/MWh yesterday, as the system was shocked by a combination of planned maintenance, unplanned outages, [...]
Last week, to little fanfare, National Grid published its review of the UK’s electricity and gas markets for the 2015/16 winter period. Despite literally dozens of reports in the press at the start of the winter warning of the very high risks of blackouts, [...]