Recently, I spoke with Chris Regan, Brady’s Product Director for Energy about developments in UK power markets specifically. He warned at that time that several smaller UK suppliers were concerned over how high gas prices were, noting that a couple of years ago, a significant number of these smaller supplies failed when the prices went up and they hadn’t done enough hedging. He was correct as in the last week or so, about half a million households have had to be moved to a new energy supplier after both Utility Point and People’s Energy became the latest energy companies to go out of business amid the record UK energy market prices. In fact, as prices in the UK for power and gas reached record prices, seven suppliers have failed so far and as Chris told me a few weeks ago, “There’s a lot of worry about even more consolidation in the supply markets.” The high current curve price in the UK is driven by gas prices, which in turn, are related to the the lack of LNG coming in and worries over some of those big pipelines from Russia, he told me. He also sees batteries as increasingly important in… continue reading
Continue reading Brady Sees PowerDesk As the Tool For Increasingly Volatile European Power Markets. This article appeared first on CTRM Center.