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Gas glut, renewables force wholesale power prices to four-year low

ICIS, the independent authority on UK energy market pricing, has highlighted that the same factors pushing the ICIS Power Index (IPI) to multi-year lows in January are expected to continue this year, detailed in its fourth quarter (Q4) analysis.

Bad news for coal as wholesale power prices boost UK gas generation

UK wholesale power prices dropped to a two-year low on Monday 5th January, representing good news for gas generators.

FERC caps California wholesale power prices at cost

After delaying its meeting for nearly a full day, the Federal Energy Regulatory Commission Wednesday capped California wholesale power prices at cost for 1 year during emergencies. The order is contingent on the California Independent System Operator submitting a plan to form a regional transmission organization. The price cap will vary depending on the individual costs of generators. Many aspects of the order remain unclear, including how it will affect sales from out of state into California

Wholesale market reforms could keep lid on power prices, group says

A state regulatory group called for an overhaul of US wholesale electricity markets to allow more competition between load management programs and supply responses to help keep the lid on prices. A report prepared for the National Association of Regulatory Utility Commissioners estimated up to one-half the expected growth in electricity demand in the next few years could be displaced by load management, energy efficiency, and pricing reforms.

New record for day-ahead power prices in Great Britain

New records have been set for day-ahead power prices, energy market analyst EnAppSys has highlighted.

New day-ahead electricity market service drives higher prices

UK-based owners of peaking assets have cashed in on higher prices and revenue-generating opportunities following the launch of STOR (Short-Term Operating Reserve) as a day-ahead service.

Corporate power purchase agreements reach 8.9GW in the first half of 2020

Consulting fir BloombergNEF has released a new report analysing corporate power purchase agreements in the first half of 2020.

Fossil-fuel power is here to stay says Australian PM

During a national address this week, Australian Prime Minister Scott Morrison stood up passionately for a fossil-fuel powered future.

Sweden becomes second largest net power exporter for the first time

Sweden overtook Germany to become the second biggest net exporter of power in Europe in the first half of 2020 – the first time this has happened.

UK power sector prices and emissions hit record lows

Negative electricity pricing, and carbon dioxide emissions from the UK's power sector hit new records both over, and in the days leading up to the weekend of 23 and 24 May.