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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2019-20 greenest ever winter for GB

2019-20 greenest ever winter for GB: Great Britain had the greenest ever winter last winter. The National Grid‘s annual report has come to the conclusion, which highlights the record for electricity generation last winter had the lowest carbon intensity. The annual report, also shows wind generation continued to grow its generation share, increasing from 18%…
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