Post-winter prices, Carbon, LNG supply – EDF’s James Chaplin explains what’s affecting the UK Power Market this summer

The wholesale energy complex is ever-evolving, and fundamentals have changed drastically over the past year with weather, LNG supply, Brexit and COVID-19 at the forefront of the market.  The winter 2021 power price reached down to £42/MWh in March 2020, however recently broke a new high of over £70/MWh.