Wärtsilä to provide 100MW of energy storage systems for projects in West Midlands

Wärtsilä has agreed to supply Pivot Power with 100MW of energy storage systems for its next two projects in the West Midlands. Batteries will be installed by Wärtsilä at sites in Coventry and on the outskirts of Birmingham. As part of these projects

Britain to ban all new diesel and petrol heavy goods vehicles from 2040

Britain will ban the sale of new petrol and diesel heavy good vehicles from 2040 as part of a broader package of green initiatives aimed at achieving net zero emissions from all forms of transport ten years later. Prime Minister Boris Johnson's governm

Neptune renews Petrofac contract on Cygnus

Oilfield services provider Petrofac has been awarded a three-year contract extension from Neptune Energy valued in the region of $14 million. Petrofac said on Tuesday that the renewal, which comes into effect on 1 January 2022, includes the provision o

STATISTICS

Markets 18/4Thursday 19/4Friday 22/4Monday 23/4Tuesday 24/4Wednesday 25/4Thursday Var D-1 Var W-1 Avg. Max Min
Electricity
UK Cal 2025 base (GBP/MWh) 81.23 78.60 76.95 76.09 76.89 77.46 0.74% -4.64% 73.71 86.23 64.81
Oil
Brent USD/bbl (USD/bbl) 87.11 87.29 87.00 88.42 88.02 89.01 1.12% 2.18% 83.42 91.17 75.89
Economics
Rate GBP/EUR (GBP/) 1.17 1.17 1.16 1.16 1.16 1.17 0.32% -0.05% 1.17 1.18 1.15

MARKET PRICES & TRENDS

UK Cal 2025 base (GBP/MWh)77.46
UK Q+1 base (GBP/MWh)67.31
NBP Q+1 (GBpence/therm)74.98
Brent (USD/bbl)89.01
Rate GBP/EUR1.17
UK spot base (GBP/MWh)77.04
NBP spot (GBpence/therm)77.25

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09