I-SEM in Review – Week 11

 

Market Summary
  • Wind produced 2.68GW (All Ireland) on average throughout the week, 27% up from week 10.
  • Day Ahead power continued to fall a further 21% from the previous week achieving an average price of €40.66/MWh however the spread widened further with a high of €114.30 (vs €88.69/MWh week 10) and a low of  -€7.00 (vs €1.00/MWh week 10).
  • The system remained longer this week due to increased wind output with NIV positive (short) for 137 times and negative (long) for 199 times.
  • Negative SIP accounted for 28 pricing events throughout the week with an average price €30.93/MWh and a spread of  -€223.74/MWh to €187.88/MWh.
  •  Bearish sentiment continued throughout the week for gas with the average price (NBP front month) down 8% from week 10. (Avg 39.00p with a Max 41.55p and Min 37.60p).

 

Overview of Market Prices
Unit
Average
Max
Min
 Positive
Negative
 Demand
GWh 4.49 5.79 3.17
 Wind
GWh 2.68 3.76 0.52
 NIV
MWh -8.16 47.37 -78.12 137 199
 DA
EUR/MWh 40.66 114.30 -7.00 298 38
 GAS
GBP/thp 39.00 41.55 37.60
 SIP
EUR/MWh 30.93 187.88 -223.74 308 28
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