Low overnight prices enquiry
We have completed an enquiry into overnight spot prices.
|Stage: 1 (Enquiry)||Status: Completed|
We conducted the enquiry because we observed a reduction in the incidence of low-priced periods overnight, and wanted to understand what could be driving this.
The enquiry concludes that while overnight prices have increased, this is due to changes in market fundamentals (as opposed to a structural change in generator offering behaviour). However, the enquiry highlights the removal of wind generation in response to low spot prices.