Regulator approves trading platform for new UK-Norway power cable

The Nord Pool exchange has received an operating license to host day-ahead power trading auctions for the first electricity cable linking Norway and Britain from this autumn, Norway's Energy Regulatory Authority (NVE-RME) said on Wednesday. The concess

Norway to test first power cable to Britain from June 15

Norway will start testing on June 15 its first power interconnector with Britain, North Sea Link (NSL), Norwegian transmission system operator Statnett said on Tuesday. The testing of the cable follows the opening last month of Norway’s first direct po

Beer giant is brewing renewable electricity for G7!

Something’s brewing in Cornwall and it’s not just the much anticipated G7 summit which is scheduled to start this Friday. Beer giant Budweiser has announced it will donate enough renewable electricity certificates to match the power used by Cornwall du

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 88.42 1.63% -1.78% 83.30 91.17 75.89
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)88.42
Rate GBP/EUR1.16
UK spot base (GBP/MWh)70.22
NBP spot (GBpence/therm)71.2

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09