CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes

CCGT plants help balance the market during price spikes: January saw the day-ahead baseload power price (for a 24-hour period) reach £100.0/MWh or higher on seven separate occasions including four consecutive days between 11 and 14 January, while imbalance prices reached a record high of £4,000.0/MWh. During this time, the vast majority of offer volumes…
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Ofgem may increase price cap of energy bills by £21

Ofgem may increase price cap of energy bills by £21: Households throughout  the UK could see an rise in their energy bills as Ofgem contemplates raising the price cap to allow for the recovery of added debt-related costs as a consequence of the COVID-19 pandemic. The regulator is advising on amending the default tariff cap,…
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