Energy specialists from EnAppSys have reported that Britain (GB) has recorded its lowest ever System Price in the GB ID Imbalance market, reaching -£185.33/MWh.

This indicates a highly balanced supply-demand scenario with minimal need for additional energy injections or withdrawals from the grid to maintain stability.

The achievement of this record low price, which was recorded yesterday, can be attributed to a combination of factors.

The presence of relatively high levels of wind and solar generation, coupled with lower demand, played a significant role, EnAppSys experts have said.

Additionally, substantial imports from neighbouring countries contributed to the downward pressure on imbalance prices.

Article source: https://www.energylivenews.com/2023/07/18/gb-energy-market-achieves-record-low-system-price/