31st March 2021 | Posted by: Rebecca Haughton | Market Analysis
Power prices have increased slightly this morning, with Year Ahead prices up by £1.01/MWh. Wind demand has dropped, increasing demand however, solar generation can help pick up some of the slack with the short-term sunny conditions.
Weak demand weighed on gas contracts yesterday as strong renewable generation reduced the need for CCGT capacity and temperatures remained above the seasonal norm. Movement further out was subdued as commodity markets failed to display a clear trend.