Cockpit

2021-12-21

Ofgem 'closely monitoring' bidder behavior in UK balancing mechanism

UK energy regulator Ofgem is monitoring the accuracy of generator information submitted to National Grid Electricity System Operator in the light of soaring balancing mechanism costs, Ofgem said in an open letter Dec. 20. Over GBP1 billion was spent on

2021-12-20

BP signs LNG supply deal with China’s SPIC

Chinese unit of British oil and gas company BP has signed an LNG sale and purchase agreement with a subsidiary of China’s State Power Investment Corp (SPIC) for a period of ten years starting 2023. Under the deal, BP will sell 200,000 metric tonnes of

2021-12-16

Britain’s grid was the greenest it has ever been this year!

Britain’s electricity grid saw its greenest day this year! The electricity system was the greenest it has ever been at 1pm on 5th April with a minimum carbon intensity of 39 grammes of carbon dioxide per kW. With the end of a challenging year for th

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