Larger suppliers are ‘really hurting’ from soaring wholesale costs

As wholesale power prices continue to soar to new record levels, one academic has predicted even large suppliers will be under extreme pressure. Average prices in the day-ahead market for Tuesday (14 September) hit £461/MWh on the EPEX market and £380/MWh on Nordpool. Jeff Hardy, a senior research fellow at Imperial College London, warned “if you haven’t got anything that de-risks your exposure to wholesale prices as a supplier, then I think you are going to be in deep trouble”.

Standard content for Members only

To continue reading this article, please log into your Utility Week Account or subscribe now.

Already registered?

Log in

Request a call back