Awilco rig bags North Sea gig with Ithaca

Awilco said on Monday that Ithaca will use the WilPhoenix rig for a single exploration well at Fotla in Block 22/1b. The Ithaca-operated F-Block lies adjacent to the Alba field and contains two gas exploration prospects, Fotla and Fortriu. According

Electricity North West unveils £2bn investment plan

Electricity North West has set out a draft plan to invest almost £2 billion in the region’s power network before 2028. It is seeking feedback on the plans to increase its investment by 44% to £1.97 billion between 2023 and 2028 as it aims to reduce the

Good Energy offers free electricity to EV drivers

Good Energy is offering free electricity to drivers of electric vehicles (EVs) with the launch of a new tariff, in partnership with Zap-Map. The ‘Zap Flash’ tariff will include “flash” windows based on periods when Britain is generating an abundance of

STATISTICS

Markets 16/4Tuesday 17/4Wednesday 18/4Thursday 19/4Friday 22/4Monday 23/4Tuesday Var D-1 Var W-1 Avg. Max Min
Electricity
UK Cal 2025 base (GBP/MWh) 83.01 79.82 81.23 78.60 76.95 76.09 -1.11% -8.34% 73.62 86.23 64.81
Oil
Brent USD/bbl (USD/bbl) 90.02 87.29 87.11 87.29 87.00 - - - - - -
Economics
Rate GBP/EUR (GBP/) 1.17 1.17 1.17 1.17 1.16 1.16 0.32% -0.71% 1.17 1.18 1.15

MARKET PRICES & TRENDS

UK Cal 2025 base (GBP/MWh)76.09
UK Q+1 base (GBP/MWh)65.3
NBP Q+1 (GBpence/therm)71.92
Brent (USD/bbl)
Rate GBP/EUR1.16
UK spot base (GBP/MWh)70.22
NBP spot (GBpence/therm)

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09