Market Overview
Real-time market data and price charts

£--

Day-Ahead Price (£/MWh)

--

£--

Imbalance Spread

SBP - SSP

-- GW

System Demand

--

-- MW

Net Position

P&L: £--

System Buy Price (SBP)

£--/MWh

System Sell Price (SSP)

£--/MWh

24h Volatility

--%

GB Electricity Price (£/MWh)
Live
Renewable Generation (GW)
FX Rates (GBP Base)
Interconnector Flows
IFA

-- MW

France
BritNed

-- MW

Netherlands
Nemo

-- MW

Belgium
NSL

-- MW

Norway
Viking

-- MW

Denmark
Import to GB | Export from GB
UK Power Forward Curve (£/MWh)
GB Baseload & Peak Prices
Baseload Peak
Monthly Contracts
Contract Base Peak Change
M+1 -- -- --
M+2 -- -- --
M+3 -- -- --
M+4 -- -- --
M+5 -- -- --
M+6 -- -- --
Quarterly Contracts
Contract Base Peak Change
Q+1 -- -- --
Q+2 -- -- --
Q+3 -- -- --
Q+4 -- -- --
Seasonal Contracts
Contract Base Peak Change
Sum-25 -- -- --
Win-25 -- -- --
Sum-26 -- -- --
Win-26 -- -- --
Calendar Year Contracts
Contract Base Peak Change
Cal-26 -- -- --
Cal-27 -- -- --
Cal-28 -- -- --
Implied Spark Spread
Cal-26 Clean Spark --
Cal-27 Clean Spark --
Cal-28 Clean Spark --
Based on NBP forward + UKA carbon

-- p

NBP Day-Ahead

pence per therm

£--

Spark Spread

CCGT 49% eff.

£--

Clean Spark Spread

incl. carbon cost

£--

UK ETS Carbon

per tonne CO2
Spark Spread Calculator
Gas Cost (£/MWh): £--
Spark Spread: £--/MWh
Carbon Cost (£/MWh): £--
Clean Spark Spread: £--/MWh
NBP Gas vs Power Price
Spark Spread History
UK Gas Storage
Rough (Centrica) --%
-- mcm / -- mcm
Hornsea (SSE) --%
-- mcm / -- mcm
Aldbrough (SSE/Equinor) --%
-- mcm / -- mcm
Total UK Storage --%
-- mcm / -- mcm capacity
NBP Forward Curve (p/therm)
Season Ahead Year Ahead
Contract Feb-26 Mar-26 Q2-26 Q3-26 Q4-26 Win-26 Sum-27 Cal-27
NBP -- -- -- -- -- -- -- --
Change -- -- -- -- -- -- -- --
1 therm = 29.3071 kWh
1 MWh = 34.121 therms
CCGT CO2: ~0.34 tCO2/MWh @ 49% eff.
Coal CO2: ~0.9 tCO2/MWh @ 35% eff.
Multi-Agent Debate System

AI agents debate trading decisions based on current market conditions

0

Debate Rounds

N/A

Consensus Achieved

0s

Duration (seconds)

Debate Timeline

No debates yet. Click the "Trigger New Debate" button above to start a multi-agent discussion.

Final Decision

Awaiting consensus...

Agent Legend
Forecasting Agent
Trading Agent
Risk Agent
Consensus
How It Works

The Multi-Agent Debate System simulates autonomous AI agents collaborating to make trading decisions through structured debate.

Debate Phases
  1. Analysis: Each agent analyzes market data independently
  2. Proposal: Trading Agent proposes an action (BUY/SELL/HOLD)
  3. Challenge: Agents may challenge proposals with concerns
  4. Consensus: Agents vote and build agreement
Data Sources
Demo Mode: This dashboard uses simulated market scenarios for demonstration purposes.
  • Market Data: Synthetic GB power prices & weather
  • Scenarios: 5 pre-defined market conditions (bullish, bearish, consolidation, volatile, cautious)
  • Confidence: Randomized within realistic ranges (78-92%)
  • Quantities: Variable position sizes (50-250 MWh)
In production, agents would connect to real-time market feeds, ML forecasting models, and risk management systems via Azure AI Foundry.

GPT-4o-mini

Ultra-fast inference for real-time sentiment analysis and quick market signals

< 100ms
Latency
High
Throughput

GPT-4o

Balanced reasoning for complex trading decisions and portfolio analysis

< 200ms
Latency
94%
Accuracy

O1-mini

Advanced reasoning for multi-factor optimization and risk scenarios

< 500ms
Latency
Deep
Analysis
Demo Scenarios

Select a scenario and click "Launch Scenario" to see AI model routing in action.

Model Routing Logic
Task Type Speed Required Complexity Selected Model Reasoning
Real-time Sentiment Critical Low GPT-4o-mini Speed prioritized for market-moving news
Trading Decisions High Medium GPT-4o Balance of speed and accuracy
Risk Assessment Medium High GPT-4o Thorough analysis required
Portfolio Optimization Low Very High O1-mini Deep reasoning for multi-factor optimization
Crisis Response Critical Very High O1-mini Complex scenarios need advanced reasoning

Active

Gambit AI Status

All systems operational

< 200ms

Model Latency

Avg response time

94.2%

Model Accuracy

30-day average
Gambit AI Ensemble
Primary Model

--

24h Forecast (EUR/MWh)

Confidence

--

Trend

--

Key Factors:

  • Weather patterns
  • Historical trends
  • Currency rates
ARIMA Model
Local Fallback

--

24h Forecast (EUR/MWh)

MAPE

--

Seasonality

Daily, Weekly

Model Details:

  • Order: (5,1,0)
  • Seasonal: (1,1,0,24)
LSTM Model
Local Fallback

--

24h Forecast (EUR/MWh)

RMSE

--

Features

4

Training Features:

  • Price, Volume
  • Weather, Demand
Forecast Comparison (24h)
Seasonality Patterns
Daily Pattern
Weekly Pattern

--

Value at Risk (1d)

95% confidence

--

Expected Shortfall

--

Current Drawdown

Max: 15%

--

Portfolio Beta

Position Limits Usage
Risk Score History (48h)
Position Ladder by Delivery Period
UK Settlement Periods (HH01-HH48) - Gate Closure: 60 min before delivery
Net Long Position
0 MW
Net Short Position
0 MW
Imbalance Exposure
£0
Unrealized P&L
£0
Period Time Position Entry £/MWh Market £/MWh SBP SSP Unrealized Gate Status Action
Long Short Flat Gate Closing Gate Closed Current Period
EFA Block Positions
Block Hours Net MW Avg Price P&L
EFA 1 23:00-03:00 0 -- --
EFA 2 03:00-07:00 0 -- --
EFA 3 07:00-11:00 0 -- --
EFA 4 11:00-15:00 0 -- --
EFA 5 15:00-19:00 0 -- --
EFA 6 19:00-23:00 0 -- --
Total 0 -- --
Product Positions
Product Hours Net MW Avg Price Mark-to-Market
Baseload 00:00-24:00 0 -- --
Peak 07:00-19:00 0 -- --
Off-Peak 19:00-07:00 0 -- --
Quick Actions:
Risk Management Recommendations
  • Loading recommendations...

Strategies Generated

0

Click "Generate New Strategy" to get AI-powered trading recommendations.

Neutral

Overall Sentiment

0

Sentiment Score

-100 to +100

0%

AI Confidence

Normal

Volatility Expectation

Sector Breakdown

Power

--

Gas

--

Oil

--

Renewables

--
Key Sentiment Drivers
  • Loading...
Trading Implications
  • Loading...
Trend: -- Timeframe: --
AI Trading Assistant

Ask me anything about energy trading!

I can help with market analysis, risk assessment, and trading strategies.

Suggested Questions
Conversation History

No previous conversations

Gambit AI Assistant
Connected

--

Total Decisions

--

Avg Confidence

--

Profitable Trades

--

Win Rate

Trading Decision Log
Timestamp Agent Action Quantity (MWh) Price (£) Confidence P&L (£) Status
Loading decisions...
Trading Simulator Mode: Sandbox | Simulation Speed: 1x
Sim P&L

£0

Trades Executed

0

Win Rate

0%

Imbalance Cost

£0

Max Drawdown

0%

Sharpe Ratio

0.00

Order Entry
1 MW 200 MW
£
Quick Trade:
Market Depth
Bid Vol Price Ask Vol
Live Price (Simulated)
Trade Blotter
Time Period Side Qty Price Value P&L Status
No trades yet. Start simulator to begin.
Imbalance Cost Simulator
MW
MW
Imbalance Analysis
Imbalance Volume: -- MWh
Direction: --
Applicable Price: £--/MWh
Imbalance Cost: £--
Short → pay SBP | Long → receive SSP
Weather Scenario Simulator
Price Forecast
Demand Forecast: -- GW
Net Demand: -- GW
CCGT Margin: -- GW
Expected Baseload: £--/MWh
Expected Peak: £--/MWh
SBP Estimate: £--/MWh
Balancing Mechanism Simulator
Simulate BM unit participation with Bids and Offers
NIV: +250 MWh SO Action: Increasing
BM Unit Configuration
£
£
BM Stack (Merit Order)
Offers (Increase)
Bids (Decrease)
Your Position Stack Position Likelihood Expected Revenue
Offer @ £85 #12 of 45
65%
 £12,750
Bid @ £55 #8 of 32
25%
 -£4,125
Historical Day-Type Patterns
Spread Opportunities
Spread Current Avg (30d) Signal Potential
Peak-Baseload £12.50 £8.20 Wide +£4.30
DA-ID Spread £3.20 £2.10 Above Avg +£1.10
SBP-SSP Spread £18.50 £12.30 Very Wide +£6.20
GB-FR (IFA) £8.20 £5.50 Import +£2.70
Spark Spread £22.10 £18.50 Strong +£3.60
System Alerts & Events
Freq: 50.00 Hz Margin: 5.2 GW Warnings: 0
Time Type Event Impact
Start simulator to see live system alerts
PPA Portfolio Active Contracts: 24 | Total Capacity: 1,247 MW | Avg Price: £68.50/MWh
Portfolio MTM

+£2.4M

Today's Output

18.5 GWh

Hedge Ratio

85%

Shape Exposure

£125K

Imbalance Risk

£45K

REGOs Held

156,250

Active PPA Contracts
Route-to-Market Agreements
Generator Type Capacity Structure PPA Price Market Ref MTM Term REGO Status
Generation vs Hedged Position
Contract Expiry Profile
Technology Mix
Wind 680 MW 54.5%
Solar 320 MW 25.7%
Hydro 87 MW 7.0%
Biomass 120 MW 9.6%
CHP 40 MW 3.2%
Shape Risk Analysis
Period Load Factor Shape Cost
Peak (07-19) 42% +£2.40/MWh
Off-Peak 35% -£3.80/MWh
EFA 1 28% -£5.20/MWh
EFA 5-6 52% +£4.10/MWh
Weighted Avg 38% -£1.85/MWh
Wind shape discount vs baseload: £1.85/MWh. Consider hedging with peak products.
Counterparty Exposure
Counterparty Exposure Limit
SSE Renewables £12.5M
Octopus Energy Gen £8.2M
Greencoat UK Wind £6.8M
Foresight Solar £4.1M
Independent (Small) £2.8M
Total counterparty exposure: £34.4M
REGO Certificate Position
Renewable Energy Guarantees of Origin
Compliance Period: CP22
Generated YTD

892,450

REGOs (1 REGO = 1 MWh)
Retired

736,200

Against supply contracts
Available

156,250

For trading/retirement
Market Value

£468,750

@ £3.00/REGO
REGO Position by Technology
Monthly REGO Generation
Generator Portfolio Live Output: 892 MW | Available: 1,125 MW / 1,247 MW
Current Output

892 MW

71.5% of available
Wind Output

485 MW

71.3% of capacity
Solar Output

125 MW

39.1% of capacity
Baseload

282 MW

Biomass + CHP
Unavailable

122 MW

Maintenance/Outage
Forecast Accuracy

94.2%

Rolling 7-day
Live Generation Profile
Actual vs Forecast vs Notification
Unit Status
Unit Status Output
Whitelee Wind Online 152/215 MW
Clyde Wind Online 128/180 MW
Greater Gabbard Online 98/140 MW
Lynn Wind Partial 65/97 MW
Gordonbush Wind Online 42/48 MW
Shotwick Solar Online 45/72 MW
Bradwell Solar Online 28/45 MW
Westmill Solar Online 18/52 MW
Cruachan Hydro Standby 0/87 MW
Wilton Biomass Online 102/120 MW
Dungeness CHP Online 30/40 MW
Lochluichart Wind Outage 0/151 MW
Wind Generation Forecast (48h)
Current
485 MW
Peak (Next 24h)
612 MW
Min (Next 24h)
245 MW
Solar Generation Forecast (48h)
Current
125 MW
Peak Today
158 MW
Total Today
1.12 GWh
Physical Notification Schedule (PN)
Settlement Period Level Notifications to ESO
Gate Closure: 58 mins
Unit Current HH+1 HH+2 HH+3 HH+4 HH+5 HH+6 HH+7 HH+8
Total Portfolio 892 905 920 945 968 925 880 845 810
Wind Total 485 498 515 542 565 520 475 440 405
Solar Total 125 118 108 95 78 52 25 5 0
Hydro 0 0 0 0 0 35 62 87 87
Biomass + CHP 282 289 297 308 325 318 318 313 318
Active Outages & Constraints
Unit Type Impact Expected Return
Lochluichart Wind Forced -151 MW Tomorrow 14:00
Lynn Wind (T3) Planned -32 MW Thu 06:00
Grid Constraint - Scotland Grid -85 MW Ongoing
Capacity Factor Tracking
Flexibility Portfolio Contracted: 245 MW | Available Now: 198 MW | Deployed: 45 MW
Total Capacity

245 MW

Revenue MTD

£425K

Activations MTD

127

Avg Response Time

2.3 sec

Performance Score

98.5%

Battery SOC

72%

Flexibility Asset Portfolio
DSR, Battery Storage, and Industrial Loads
Asset Name Type Capacity Status SOC/Load Services £/MW/h Actions
Minety Battery
Wiltshire		 Battery 100 MW Online
75%
 FFR, DC, DM £12.50
Contego Battery
Essex		 Battery 50 MW Dispatched
45%
 FFR, DC £11.00
Tata Steel Port Talbot
Wales		 Industrial 35 MW Available Load: 285 MW STOR, DM £45.00
BMW Mini Oxford
Oxfordshire		 Industrial 15 MW Available Load: 42 MW STOR, DM £52.00
Commercial Aggregation - London
12 sites		 Aggregated 25 MW Available 11/12 sites FFR, STOR £35.00
Data Centre Portfolio
5 sites nationwide		 Commercial 20 MW Partial 4/5 sites FFR £28.00
Active Service Contracts
Service MW Rate Status
Dynamic Containment
Low Frequency 		80 MW £17/MW/h Live
Dynamic Moderation
Low Frequency 		40 MW £9/MW/h Live
Dynamic Regulation
Up/Down 		25 MW £5/MW/h Live
STOR
Short Term Op Reserve 		50 MW £8/MW/h Standby
BM Participation
Bids & Offers 		100 MW Variable Active
System Frequency

50.02

Hz
Normal Operating Range
DC Trigger: <49.85 Hz | DM Trigger: <49.90 Hz
Flexibility Revenue by Service
Recent Dispatch Events
Last 24h
Time Asset Service MW Revenue
14:32:15 Minety Battery DC-LF 50 £425
13:45:02 Contego Battery DM-LF 25 £112
12:18:45 Data Centres FFR 15 £210
10:05:30 Tata Steel STOR 35 £1,575
08:22:18 Minety Battery BM Offer 100 £4,250
06:45:00 Commercial Agg DC-LF 20 £340
Battery Optimization Schedule
Revenue-maximizing charge/discharge schedule
Expected Revenue (24h)

£18,450

Cycles Today

1.8

Avg Spread Captured

£28.50/MWh

Degradation Cost

-£2,150

Corporate PPA Solutions Active Offtakers: 18 | Contracted Volume: 2.8 TWh/yr | Pipeline: £45M
Annual Revenue

£186M

Green Premium

£4.20/MWh

Avg Contract Term

8.5 yrs

Shape Risk

£2.1M

Credit Exposure

£28.5M

REGOs Bundled

2.4M

Corporate Offtaker Portfolio
Sleeved & Direct PPA Contracts
Corporate Offtaker Sector Structure Volume Strike Price Term REGO Credit MTM Status
Tesco PLC
RE100 Member 		Retail Sleeved PPA 450 GWh/yr £68.50 10 yrs A +£4.2M Active
Amazon UK
Climate Pledge 		Tech Virtual PPA 380 GWh/yr £72.00 15 yrs AA +£2.8M Active
Unilever UK
Net Zero 2030 		Manufacturing Direct PPA 285 GWh/yr £65.00 12 yrs A +£1.9M Active
HSBC Holdings
RE100 Member 		Finance Green Tariff 180 GWh/yr £78.50 5 yrs AA -£0.4M Active
NHS England
Net Zero NHS 		Public Sleeved PPA 520 GWh/yr £62.00 15 yrs AAA +£5.8M Active
BT Group
100% Renewable 		Tech Virtual PPA 320 GWh/yr £70.50 10 yrs A +£1.2M Active
Sainsbury's
Net Zero 2040 		Retail Sleeved PPA 350 GWh/yr TBD 8 yrs A -- Negotiation
PPA Structure Mix
Sleeved PPA 1.32 TWh 47%
Virtual PPA 0.70 TWh 25%
Direct PPA 0.56 TWh 20%
Green Tariff 0.22 TWh 8%
Sleeved PPA Structure

Generator

Power + REGO

SmartestEnergy

Shaped Power

Corporate
SmartestEnergy Role:
Shape risk management, REGO bundling, credit intermediation, settlement
Virtual PPA (CfD) Settlement
Strike Price: £70.00/MWh
Reference Price (DA Avg): £75.50/MWh
Settlement Volume: 125,000 MWh
Corporate Receives: £687,500
When Reference > Strike, Corporate receives (Ref - Strike) × Volume
Sales Pipeline
£45M potential
Prospect Volume Stage Value
Sainsbury's 350 GWh
75%
 £18M
Vodafone UK 200 GWh
50%
 £12M
Rolls-Royce 180 GWh
25%
 £10M
BAE Systems 120 GWh
15%
 £5M
Contract Renewals (Next 24 Months)
RE100 & ESG Compliance Tracker
Corporate renewable energy commitments
12 RE100 Members 6 SBTi Committed
Total Green Volume

2.8 TWh

100% REGO Backed
Carbon Avoided

580,000

tCO2e per year
Additionality Score

78%

New build PPAs
Avg Carbon Intensity

0

gCO2/kWh (market-based)
Settlement Dashboard Period: Jan 2026 | Status: SF Run Complete | Next Deadline: R1 in 3 days
Net Settlement

+£2.85M

Generation Volume

245.8 GWh

Offtake Volume

238.2 GWh

Imbalance Volume

7.6 GWh

Imbalance Cost

-£485K

Disputes Open

3

Settlement Timeline (BSC P0272)

SF
Initial
Complete

R1
+5 WD
3 days

R2
+20 WD
Pending

R3
+40 WD
Pending

RF
+14 months
Final
BM Unit Settlement Position
BM Unit ID Generator Metered (MWh) Notified (MWh) Imbalance Energy £ Imbalance £ Net £
T_WHILW-1 Whitelee Wind 52,450 51,800 +650 £3,829,250 +£42,250 £3,871,500
T_CLYDE-1 Clyde Wind 43,820 44,500 -680 £3,198,860 -£61,200 £3,137,660
E_SHOT-1 Shotwick Solar 6,120 6,000 +120 £419,220 +£7,800 £427,020
T_GRAB-1 Greater Gabbard 48,650 47,200 +1,450 £3,551,450 +£94,250 £3,645,700
T_WLTN-1 Wilton Biomass 78,200 79,000 -800 £7,429,000 -£72,000 £7,357,000
TOTAL 245,840 244,500 +1,340 £18,427,780 +£11,100 £18,438,880
Imbalance Analysis
Long Periods 892 +2,450 MWh
Short Periods 596 -1,110 MWh
Avg SBP Paid £92.50/MWh
Avg SSP Received £58.20/MWh
Invoice Generation
Counterparty Type Amount Status
SSE Renewables PPA Purchase -£3.2M Sent
Tesco PLC Corporate Supply +£2.8M Sent
Elexon (BSC) Imbalance -£485K Pending
NGESO BSUoS/TNUoS -£125K Draft
Open Disputes
3 Active
Dispute ID Counterparty Value Status
DSP-2026-042 Elexon £45,200 Under Review
DSP-2026-038 SSE Renewables £12,800 Awaiting Response
DSP-2024-195 NGESO £8,500 Escalated
P&L Attribution MTD: +£4.85M | YTD: +£42.3M | Budget Variance: +12%
Realized P&L

+£3.2M

Unrealized P&L

+£1.65M

PPA Margin

+£2.8M

Shape P&L

-£420K

Imbalance P&L

-£185K

Flexibility Revenue

+£425K

P&L Attribution Waterfall
P&L by Business Line
Route-to-Market +£2.4M
Corporate PPAs +£1.6M
Flexibility +£425K
Trading +£380K
REGOs +£45K
Detailed P&L Attribution
Attribution Factor Volume (MWh) Rate £/MWh P&L £ % of Total
Generation Revenue +£18,438,880
Metered Output 245,840 £74.95 £18,427,780 98.2%
Imbalance Settlement 1,340 £8.28 £11,100 0.1%
PPA Purchase Cost -£15,258,000
Fixed Price PPAs 165,000 £62.50 -£10,312,500 67.6%
Floor PPAs (strike) 58,000 £55.00 -£3,190,000 20.9%
Upside Share (50%) 58,000 £9.95 -£577,100 3.8%
Pass-through PPAs 22,840 £51.50 -£1,178,400 7.7%
Shape Cost -£420,000
Baseload-Shape Discount 245,840 -£1.71 -£420,000 100%
Corporate Offtake Revenue +£16,848,000
Sleeved PPA Sales 138,000 £68.50 £9,453,000 56.1%
Corporate Green Tariffs 82,000 £78.50 £6,437,000 38.2%
REGO Premium 220,000 £4.36 £958,000 5.7%
Other Revenue +£610,000
Flexibility Services -- -- £425,000 69.7%
Trading Margin -- -- £185,000 30.3%
NET P&L +£4,850,000 100%
Daily P&L Trend
Risk Factor Attribution
Factor Sensitivity P&L Impact
Price (£1/MWh) 245,840 MWh ±£245,840
Volume (1%) 2,458 MWh ±£180,000
Shape (1%) -- ±£42,000
Imbalance (10%) -- ±£18,500
REMIT Compliance Status: Compliant | Last Report: Today 16:45 | ACER RRM: ARIS-UK
Trades Reported

2,847

100% on time
Volume Today

18.5 GWh

Large Positions

0

>350 MWh
Pending Reports

0

Failed Reports

0

Insider List

24

Updated
REMIT Compliance Checklist
Market Participant Registration (ACER) Active
Transaction Reporting (T+1) Automated
Fundamental Data Reporting Automated
Inside Information Disclosure Platform Active
Insider List Maintenance Current
Market Manipulation Monitoring Active
Record Keeping (5 years) Compliant
Suspicious Transaction Reports 0 Pending
Inside Information Platform
Published Asset Event Impact
Today 09:15 Lochluichart Wind Forced outage (gearbox) -151 MW
Yesterday 14:30 Lynn Wind T3 Planned maintenance -32 MW
23 Jan 08:00 Wilton Biomass Fuel supply issue resolved +120 MW
Transaction Reporting Log
All reports submitted
UTI Trade Time Product Counterparty Direction Volume Price Report Status ACER Response
UK-SE-2026012814324501 14:32:45 GB Baseload Feb-25 Shell Energy BUY 50 MW £72.50 Accepted ACPT-14:32:47
UK-SE-2026012813451802 13:45:18 GB Peak Q1-25 EDF Trading SELL 25 MW £85.20 Accepted ACPT-13:45:20
UK-SE-2026012812183203 12:18:32 GB DA HH24-28 Centrica BUY 100 MW £68.75 Accepted ACPT-12:18:34
UK-SE-2026012811052504 11:05:25 GB WD HH18-22 Vitol SELL 75 MW £74.10 Accepted ACPT-11:05:27
Credit Risk & Collateral
Counterparty Rating Exposure Limit Usage
Shell Energy AA £8.2M £25M
33%
EDF Trading A+ £12.5M £20M
63%
Centrica A £6.8M £15M
45%
Vitol BBB+ £9.2M £10M
92%
Audit Trail
Timestamp User Action
14:32:45.123 J.Smith Trade executed: BUY 50MW GB Feb-25
14:32:45.125 SYSTEM REMIT report generated
14:32:47.002 ACER Report accepted: ACPT
13:45:18.456 M.Jones Trade executed: SELL 25MW Q1-25
12:30:00.000 SYSTEM Credit limit check: Vitol @ 92%
09:15:00.000 Ops Inside info published: Lochluichart

£42.8M

Total Exposure

£28.5M

Collateral Held

£14.3M

Net Exposure

87

Active Counterparties

Counterparty Exposure
Counterparty Type Rating Exposure Limit Utilisation Collateral Status
Wind Farm Holdings Ltd Generator BBB+ £8.2M £10.0M
82% 		£2.5M Watch
Tesco Energy Corporate A- £6.8M £15.0M
45% 		£0 Normal
Nordic Solar AS Generator BB £4.5M £5.0M
90% 		£3.2M Alert
ICE Endex Exchange AA £12.4M £50.0M
25% 		£12.4M Normal
Amazon Web Services Corporate AA- £5.2M £20.0M
26% 		£0 Normal
EDF Trading Utility A £5.7M £25.0M
23% 		£0 Normal
Exposure by Type
Credit Alerts
Collateral Management
Counterparty Type Amount Expiry Status
Wind Farm Holdings Ltd Parent Guarantee £2.5M Dec 2026 Valid
Nordic Solar AS Letter of Credit £3.2M Mar 2026 Renewal Due
ICE Endex Cash Margin £12.4M N/A Posted
Biomass Energy UK Bank Guarantee £1.8M Jun 2026 Valid
Total Collateral Received

£28.5M

Collateral Posted

£15.2M

Credit Limit Utilisation
Mark-to-Market Exposure Trend

2.84M

REGOs Issued YTD

2.12M

REGOs Retired

1.28M tCO₂

CO₂ Avoided

£4.26M

REGO Revenue

REGO Certificate Inventory
Technology Station Period Certificates Status Expiry Action
Wind Hornsea 2 Wind Farm Jan 2026 425,000 Available Jan 2028
Solar Bradenstoke Solar Park Jan 2026 85,000 Available Jan 2028
Wind Beatrice Offshore Dec 2024 312,000 Reserved Dec 2027 Tesco PPA
Hydro Cruachan Pumped Storage Jan 2026 62,000 Available Jan 2028
Biomass Drax Power Station Jan 2026 148,000 Pending Jan 2028 Awaiting Issue
Total Available

572,000

Reserved for PPAs

312,000

Pending Issue

148,000

REGOs by Technology
UK ETS Carbon Price

£47.82

per tCO₂
+2.4%
RE100 Client Compliance
Client Target Achieved Status Certificate
Tesco 100% 100% Compliant
Amazon (AWS) 100% 100% Compliant
Microsoft 100% 98% In Progress
NHS Trust 80% 85% Exceeded
Sainsbury's 100% 92% In Progress
ESG Performance Metrics
Portfolio Carbon Footprint (Scope 1, 2 & 3)
Scope 1 (Direct)

12,450 tCO₂e

-8% YoY
Scope 2 (Energy)

3,280 tCO₂e

-15% YoY
Scope 3 (Value Chain)

45,120 tCO₂e

-5% YoY
Carbon Avoided

-1,280,000 tCO₂e

Through renewable generation
Sustainability Certifications
ISO 14001
Environmental
ISO 50001
Energy Mgmt
RE100
Member
CDP A-
Rating
REGO Trading Activity
Date Type Volume Price Counterparty
28 Jan Sell 50,000 £1.85 Shell Energy
25 Jan Buy 25,000 £1.72 Good Energy
22 Jan Sell 100,000 £1.80 Octopus Energy
18 Jan Retire 312,000 - Tesco (PPA)

£85.42

System Price

SBP

+245 MW

NIV

System Long

32.4 GW

System Demand

Indicated: 32.8 GW

12

BOAs Today

£48.5K revenue
System Price & NIV
BM Unit Status
Unit FPN MEL Status
T_DRAXX-1 580 MW 645 MW Available
T_HORS-2 420 MW 450 MW Available
T_BEATR-1 312 MW 588 MW Dispatched
E_BESS-01 0 MW 100 MW Charging
T_CRUAC-1 0 MW 440 MW Standby
8
Available
3
Dispatched
1
Outage
Bid-Offer Acceptances (BOAs)
Live Feed
Time Unit Type Volume Price Value
14:32 T_BEATR-1 Offer +85 MW £92.50 £3,931
14:15 T_HORS-2 Offer +120 MW £88.00 £5,280
13:48 E_BESS-01 Bid -50 MW £45.00 £1,125
13:22 T_DRAXX-1 Offer +200 MW £95.00 £9,500
12:45 T_CRUAC-1 Offer +180 MW £102.00 £9,180
12:18 E_BESS-01 Offer +100 MW £98.50 £4,925
11:52 T_BEATR-1 Bid -65 MW £35.00 £1,138
Total Offers: £32,816
Total Bids: £2,263
Our Bid/Offer Stack
1,245 MW
Offer Volume
680 MW
Bid Volume
£85.20
Avg Offer Price
Imbalance Exposure
Current Period

+12 MW

HH28 (13:30-14:00)
Next Period

-8 MW

HH29 (14:00-14:30)
Settlement Period Breakdown
Period Time FPN Contract Imbalance SBP Est SSP Est Exposure
HH28 13:30-14:00 842 MW 830 MW +12 MW £85.42 £72.18 +£866
HH29 14:00-14:30 838 MW 846 MW -8 MW £88.50 £74.20 -£354
HH30 14:30-15:00 845 MW 842 MW +3 MW £86.00 £73.50 +£221
HH31 15:00-15:30 852 MW 850 MW +2 MW £84.80 £72.00 +£144
HH32 15:30-16:00 865 MW 860 MW +5 MW £82.50 £70.80 +£354
Total Exposure: +14 MW +£1,231
BM Revenue Analysis (MTD)
Offer Revenue

£425,840

Bid Payments

-£82,420

Imbalance Costs

-£28,650

Net BM P&L

£314,770

Wind Speed (Avg)

12.4 m/s

Above normal
Solar Irradiance

485 W/m²

Partly cloudy
Temperature

8.2°C

Demand impact: +2.1%
Forecast Accuracy

94.2%

Last 7 days MAPE
Wind Generation Forecast
P10 (Low)
385 MW
P50 (Expected)
482 MW
P90 (High)
548 MW
Installed Capacity
680 MW
Wind Speed by Region
Region Speed Trend Output
North Sea (Offshore) 14.2 m/s 92%
Scotland 13.8 m/s 88%
Wales 11.2 m/s 72%
East Anglia 10.5 m/s 65%
South West 9.8 m/s 58%
Forecast Sources
ECMWF Live
GFS Live
Met Office Live
ML Ensemble Active
Solar Generation Forecast
Peak Output
142 MW
@ 12:30
Daily Yield
1,248 MWh
Capacity Factor
32.4%
GB Demand Forecast
Peak Demand
38.2 GW
@ 17:30
Min Demand
24.8 GW
@ 04:00
vs Yesterday
+1.2%
Forecast Accuracy (Last 30 Days)
Asset Type MAPE RMSE Bias Trend
Wind Offshore 5.2% 28.4 MW +0.8% Improving
Wind Onshore 7.8% 15.2 MW -1.2% Stable
Solar 8.4% 12.8 MW +0.3% Improving
Hydro 3.2% 4.5 MW +0.1% Stable
Forecast vs Actual (Today)
Weather Alerts
Generation Scenarios (Next 24h)
P10 (Low)
12,450 MWh
P50 (Expected)
14,820 MWh
P90 (High)
16,280 MWh
Revenue Range
£980K - £1.28M

£2.84M

Capacity Market

Annual Revenue

£425K

Dynamic Services

MTD Revenue

1.2 TWh

CfD Contracts

Annual Volume

£1.45M

Network Charges

YTD Costs
Capacity Market Agreements
T-4: 2026/27 T-1: 2026/27
CMU ID Asset Delivery Year De-rated Capacity Clearing Price Annual Value Status
CMU_BESS001 Gateway BESS 2026/27 95 MW £30.00/kW £2,850,000 Active
CMU_CRUAC01 Cruachan 2026/27 380 MW £30.00/kW £11,400,000 Active
CMU_DSR001 Industrial DSR 2026/27 45 MW £30.00/kW £1,350,000 Active
CMU_BESS002 Minety BESS 2027/28 100 MW £28.50/kW £2,850,000 Awarded
Total Portfolio 620 MW £18,450,000
System Stress Events
No Active Warnings
System margin: 4.2 GW
Normal
Season Performance
0
Stress Events
100%
Availability
£0
Penalties
Key Dates
T-4 Auction (2029/30)
28 Feb 2026
T-1 Auction (2026/27)
15 Mar 2026
Delivery Year Start
1 Oct 2026
Dynamic Frequency Response
Service Contracted Price Revenue (MTD) Status
DC Low 50 MW £8.50/MW/h £125,400
DC High 50 MW £7.20/MW/h £108,000
DM Low 30 MW £4.80/MW/h £52,800
DR 25 MW £3.50/MW/h £31,500
Total 155 MW £317,700
Contracts for Difference (CfD)
Project Technology Strike Price Reference Price Settlement
Hornsea 2 Offshore Wind £57.50 £82.40 -£24.90/MWh
Beatrice Offshore Wind £140.00 £82.40 +£57.60/MWh
Bradenstoke Solar Solar £65.00 £78.20 -£13.20/MWh
Net CfD Position

+£1.2M

MTD
Volume Delivered

245 GWh

MTD
Avg Strike

£87.50

Weighted
Network Charges (TNUoS/DUoS/BSUoS)
TNUoS (Transmission)
£485K
Demand
-£125K
Generation
Net Cost

£360K

DUoS (Distribution)
£245K
Red
£180K
Amber
£95K
Green
Net Cost

£520K

BSUoS (Balancing)
£4.85
Avg Rate/MWh
118 GWh
Volume
Net Cost

£572K

Front Month

£82.45

+£1.20
Front Quarter

£78.90

-£0.85
Summer 25

£68.20

-£0.45
Winter 25/26

£92.50

+£2.10
UK Baseload Forward Curve
1Y Avg
£78.45
2Y Avg
£74.20
3Y Avg
£72.80
Curve Change (1D)
+£0.85
Contract Ladder
Contract Bid Offer Chg
Feb-25 82.40 82.50 +1.20
Mar-25 78.80 78.95 +0.45
Q2-25 72.20 72.40 -0.30
Q3-25 65.80 66.00 -0.55
Q4-25 85.40 85.60 +1.80
Q1-26 92.20 92.50 +2.10
Sum-25 68.00 68.20 -0.45
Win-25/26 92.30 92.50 +2.10
Cal-26 74.00 74.20 +0.60
Cal-27 72.60 72.80 0.00
Cal-28 71.80 72.00 -0.20
Spread Analysis
Spread Value Change 30D Range
Clean Spark (49%) £12.45/MWh +£0.80 £8.20 - £15.40
Clean Dark (36%) -£5.20/MWh -£1.20 -£8.40 - £2.10
Win/Sum Spread £24.30/MWh +£2.55 £18.50 - £28.20
Peak/Baseload £8.50/MWh +£0.10 £6.80 - £12.40
Q1-Q2 Spread £20.10/MWh +£1.50 £15.20 - £24.80
Recent Trades
Time Contract B/S Qty Price Venue
14:32 Q2-25 Buy 50 MW £72.30 ICE
14:18 Mar-25 Sell 25 MW £78.90 ICE
13:45 Win-25/26 Buy 100 MW £92.40 OTC
12:22 Cal-26 Sell 75 MW £74.10 ICE
11:58 Feb-25 Buy 30 MW £82.20 EPEX
11:15 Q3-25 Sell 40 MW £65.95 ICE
Bought Today: 180 MW
Sold Today: 140 MW
Forward Position Book
Contract Net Position Avg Entry Mark Price MtM P&L Delta (£10) % of Limit
Feb-25 +120 MW £80.50 £82.45 +£165,840 +£85,680
48%
Q2-25 +200 MW £70.80 £72.30 +£545,400 +£364,000
40%
Win-25/26 -150 MW £94.20 £92.50 +£553,500 -£307,500
30%
Cal-26 -75 MW £73.80 £74.10 -£19,710 -£65,700
15%
Total Position P&L +£1,245,030 +£76,480
Fleet Availability

94.2%

Target: 92%
Planned Outages

3

45 MW offline
Forced Outages

1

12 MW offline
Grid Constraints

2

Scotland B6
Outage Timeline
Active Outages
Bradenstoke Solar
Forced - Inverter failure
12 MW
Started: 28 Jan 08:45 | ETA: 29 Jan 14:00
Hornsea 2 - T5
Planned - Annual maintenance
15 MW
27 Jan - 2 Feb | On track
Gateway BESS
Planned - Firmware upgrade
20 MW
30 Jan 02:00 - 06:00
Scottish Wind Farm
Planned - Turbine inspection
10 MW
1-3 Feb | Confirmed
Availability by Asset (MTD)
Asset Capacity Availability Target Status
Hornsea 2 1,386 MW
97.2% 		95% Above
Beatrice Offshore 588 MW
98.5% 		95% Above
Bradenstoke Solar 160 MW
88.5% 		92% Below
Gateway BESS 100 MW
99.1% 		98% Above
Cruachan 440 MW
96.8% 		95% Above
Grid Constraints
B6 Scotland-England
Constraint active: 5.2 GW limit (normal 6.0 GW)
Active
Impact: Scottish wind curtailment possible
East Anglia Export
Planned works: 2-5 Feb, reduced capacity
Planned
Impact: May affect offshore wind exports
Curtailment Summary (MTD)
24.5 GWh
Volume
£1.85M
Lost Revenue
£1.62M
Compensation
REMIT UMM Log
ACER Connected
Date Asset Type MW UMM ID Status
28 Jan Bradenstoke Solar Forced 12 - Pending
27 Jan Hornsea 2 - T5 Planned 15 UMM-2026-0142 Published
25 Jan Gateway BESS Planned 20 UMM-2026-0138 Published
22 Jan Scottish Wind Planned 10 UMM-2026-0135 Published
Upcoming Maintenance
Date Asset Work Duration Impact
5 Feb Beatrice - T12 Gearbox inspection 8h 8 MW
10 Feb Cruachan Tunnel inspection 4h 220 MW
15 Feb Gateway BESS Cell balancing 6h 50 MW
22 Feb Hornsea 2 Cable testing 12h 100 MW
1 Mar Solar Portfolio Panel cleaning 3 days Rolling 20 MW