On the first anniversary of the SEM market, we analyse how market volatility of the day-ahead power market has changed since go-live in October 2018, and what events have affected this. The day-ahead market has accounted for over 90% of ex-ante trades to date, with the remaining stake spread across the intra-day markets.
Related thinking
Commercial and market outlook
What to look out for in 2024
Cornwall Insight experts provide their predictions for the year ahead in this handy infographic. We have collated some predictions from across our knowledge base to provide a quick snapshot of what to look out for in the GB energy market in 2024. The key highlights include the global discussion on...
Low carbon generation
Week-on-week day-ahead power price losses in the SEM
The first reported week of February 2022 recorded week-on-week day-ahead power price losses in the SEM. Source: SEMO/Cornwall Insight Ireland Despite recent week-on-week price losses, day-ahead power prices remain significantly higher than the prices observed in the opening week of February last year, currently out turning 171.0% higher. Day-ahead power...
Commercial and market outlook
Price cap set for 46% rise for Summer 2022, Winter 2022-23 cap may exceed £2,000
Due to market volatility, world events and Ofgem's new methodology, our price cap prediction has changed. Please see the latest predictions via our blogs page here Updated price cap figures here Following further highs in wholesale prices and the costs associated with the raft of supplier failures seen in the...
E-mobility and low carbon
Net Zero Strategy: key points
Yesterday, the government announced its long-awaited Net Zero Strategy, a 368-page document that provides a route the nation will take to a net zero economy. The strategy outlines how spending will be prioritised for power, fuel supply and hydrogen, industry, heat and buildings, transport, natural resources, and greenhouse gas removals....
Business supply and services
Have we given up on competition in the retail market?
“Q: How does 2pm on Wednesday sound? A: Assuming we still have a functioning energy market that'd be great”. It’s not really what you expect to see in an email at 5pm on a Friday when trying to arrange a call. But then these are certainly not normal times. In this Energy Perspective, we will...
Announcement
Your invite to our wholesale Summer Outlook 2021 webinar
We are delighted to invite you to our wholesale Summer Outlook webinar. On 12 May, Cornwall Insight will be hosting an open webinar covering our independent views, analysis and outlook of the upcoming summer 2021 period. As part of this session, we will explore a range of both historic and...
Announcement
BBC interview | Robert Buckley discusses Ofgem’s price cap
Due to market volatility, world events and Ofgem's new methodology, our price cap prediction has changed. Please see the latest predictions via our blogs page here Updated price cap figures here Robert Buckley spoke to Felicity Hannah on BBC Five Live’s Wake up to Money programme ahead of Ofgem’s announcement...
Low carbon generation
Analyse thy neighbour: Interconnectors and their importance to future power prices
Whilst we build towards 2021 and post-Brexit energy markets, focus has been applied to how we in GB strive towards net zero ambitions with a more independent policy agenda. However, regardless of future trading arrangements, interconnectors with EU nations will continue to play a pivotal role in driving wholesale power...
