Quite interesting to see whats been happening to GB power prices in recent weeks/months.
December saw a big uptick in baseload power prices, continuing the trend of the second half of 2020 - as demand and gas prices recovered, and carbon prices soared. THREAD ->
Power demand increased steadily in the second half of 2020 and in December was only slightly below seasonally normal levels.
Power demand increased steadily in the second half of 2020 and in December was only slightly below seasonally normal levels.
Power demand increased steadily in the second half of 2020 and in December was only slightly below seasonally normal levels.
There were a few periods of very high prices in December, driven by low wind and market tightness - a pattern which has continued into January.
There were a few periods of very high prices in December, driven by low wind and market tightness - a pattern which has continued into January.
There were a few periods of very high prices in December, driven by low wind and market tightness - a pattern which has continued into January.
Although total BM volumes were relatively 'normal' in December, there were several periods of scarcity and very high prices - again this continued in January.
Although total BM volumes were relatively 'normal' in December, there were several periods of scarcity and very high prices - again this continued in January.
Although total BM volumes were relatively 'normal' in December, there were several periods of scarcity and very high prices - again this continued in January.
...All of which translated into a more profitable environment for peaking plant , with margins for a generic 1hr battery increasing ~50% on the previous month, and gas peaker increasing by 75%.
...All of which translated into a more profitable environment for peaking plant , with margins for a generic 1hr battery increasing ~50% on the previous month, and gas peaker increasing by 75%.
...All of which translated into a more profitable environment for peaking plant , with margins for a generic 1hr battery increasing ~50% on the previous month, and gas peaker increasing by 75%.
You can follow @UKenergywonk.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.