Focus on the immediate gas price crisis has been on wholesale prices for the short-term and the imminent price caps – but what if highly volatile markets are a feature in the future and not just the present?
Cornwall Insight’s Benchmark Power Curve looks at investment and operational decisions over a 30-year horizon and allows us to provide a view on trends in wholesale power pricing over a range of granularities and markets across that time period.
Looking ahead to the start of the 2030s we can see that once the nuclear power stations start to retire in greater numbers and the coal fired power stations have closed for good there is a new period of volatile pricing coming to the GB energy market.