No Wonder The Bosses Are Worried Today we are told that 4 gas suppliers are meeting with the government and regulator to discuss the recent rise in gas wholesale prices that affecting food production in the UK. Over the weekend 18 electricity players went into default with the market operator, Elexon. So these are the…
Last night the UK balancing price hit £3404/MWh, because of tight gas and interconnected electrical supplies coupled with low levels of both nuclear and renewable generation. While dramatic and demanding to trade: these price levels will have repercussions around the wider industry. Remember, we have had base load day ahead prices trading well over £100/MWh…