29 May 2025

PPA and GPA Pricing Update w/c 29th May 2025

UK baseload power on the spot and system “markets” traded lower with negative pricing across multiple HH’s over the bank holiday weekend.

Wind generation is anticipated to persist at a robust level across North West Europe today. Rendering any imbalance incursions into system-related PPAs substantial.
In Germany, wind capacity currently stands at approximately 30GW, with projections extending into tomorrow.
Forward PPA markets have experienced a modest 1.5% increase today.
Green Gas Markets have extended their moderate gains in early trading after unplanned maintenance at the Troll field in the Norwegian sector.
NBP front month gas last trades at 89p per therm.
Supply remains the primary driver of pricing as we navigate the summer maintenance season, with these unforeseen outages exacerbating availability concerns.
On the demand side, summer storage injection profiles are underpinning the buy side.
Geopolitical factors and Asian LNG demand continue to support pricing.

If you would like to discuss PPA or green gas price risk management strategy please call the desk or drop Fran or me an email.

We are continuing to work with our generator clients to achieve P2P matching where that is s option. Again if you would like to discuss potential revenue uplift through P2P PPAs please let us know.

Thanks