Zero wind and its cold.
Energy Prices (Strictly NO referrals!)
- Thread starter DXP55
- Start date
Soldato
Should be cheap as chips come the weekend then
Man of Honour
- Joined
- 21 Nov 2004
- Posts
- 46,271
Yes, some people harp on about gas being cheap and renewables pushing up prices.
The last few days; exceptionally low wind and a tiny amount of solar which means no Renewables subsidies to bleat about : Electricity well over £150/MWh
A chance for Gas to demonstrate how cheap is it is (as they keep telling us) but it seems it’s not after all, what a surprise.
With the way our energy market works, you also don’t want to be on a day ahead tracker in rising market.
Price cap is backwards looking so you want to be catching the tail of lower prices.
Fixed tariffs are forward looking but it’s not day ahead prices, it’s a long term agreement for supply.
Day ahead prices are massively impacted by the weather, and the weather has been awful for renewables for the last 2 months. All the long periods of high pressure in winter mean lots of cloud so solar is well down for the time of year and still air so wind is also well down on typical. On the plus side, it’s been above average temperatures for longer than usual.
Price cap is backwards looking so you want to be catching the tail of lower prices.
Fixed tariffs are forward looking but it’s not day ahead prices, it’s a long term agreement for supply.
Day ahead prices are massively impacted by the weather, and the weather has been awful for renewables for the last 2 months. All the long periods of high pressure in winter mean lots of cloud so solar is well down for the time of year and still air so wind is also well down on typical. On the plus side, it’s been above average temperatures for longer than usual.