Market Summary
- As we approach the end of the winter season we see wind production fall this week to 1.28GW (on average throughout the week), half the output generated the previous week.
- Day Ahead power ended up with an average of €49.43/MWh (increasing by 22% from week 11). The spread returned to levels seen in previous weeks with a high of €85.00/Mwh and a low of -€1.00/MWh.
- NIV positive (short) for 169 times and negative (long) for 167 times.
- System prices (SIP) was up considerably delivering an average price of €60.93/MWh (double that of last week).
- LNG prices in East Asia are now below NBP placing continued pressure on NBP, falling a further 5% at 36.89p (Max 37.80p and Min 36.30p).
Pricing Overview (DA vs SIP vs Gas)
Overview of Market Prices
Unit |
Average |
Max |
Min |
Positive |
Negative |
|
Demand |
GWh | 4.31 | 5.58 | 3.03 | ||
Wind |
GWh | 1.28 | 2.88 | 0.08 | ||
NIV |
MWh | -3.79 | 69.97 | 77.36 | 169 | 167 |
DA |
EUR/MWh | 49.43 | 85.00 | -1.00 | 330 | 6 |
GAS |
GBP/thp | 36.89 | 37.80 | 36.30 | ||
SIP |
EUR/MWh | 60.93 | 277.40 | -113.28 | 322 | 14 |