Tom Freeman

Power trading, flexibility and frequency control. Views and tweets are purely personal.

[Tom Freeman @grid_trader]

@james_h_kerr Looks like a good swing there. Just a shame you have to wait for the kid to finish before you can spend more time on it.

[Thomas Edwards @NotionalGrid]

So these developers must be assuming they are participating in the BM, wholesale market and stability services market (and of course£30.59/kW in capacity payments must help!) - vindication for NGESOs balancing services market strategy?

[Tom Freeman @grid_trader]

@Adam_Grant_Bell I'm curious to know how Norway will manage its (presumably) exhaustible hydro energy vs interconnector exports. At what point would they turn off the taps and pray for rain?

[Tom Freeman @grid_trader]

@richonlyinname I imagine they will be planning to mitigate the political cost, but not the real impact on consumers. My guess is that a 'review' into energy retail will be announced. Plus some gentle spin to blame cost increases on shift to green economy and global rises in fuel costs.

[Tom Freeman @grid_trader]

@RichHallCA @richonlyinname No hedging at all? That is remarkable. Not a retail business but rather just a huge short against power and gas. Is there the possibility they didn't realise this?

[Tom Freeman @grid_trader]

@NewAngliaEnergy This BOA is likely to be an error rather than a reflection of the balancing market

[Tom Freeman @grid_trader]

@enappsys Indeed, off the scale! Does the seal have a name?

[Tom Freeman @grid_trader]

@NotionalGrid @adamvaughan_uk Thanks @NotionalGrid Looks like Norway could do with some rain fairly soon....

[Tom Freeman @grid_trader]

@Mikko_Heikkila This is what the GB remit says:

[Tom Freeman @grid_trader]

North Sea Link interconnector goes live tomorrow. But restricted to 700MW for either 4 weeks or 3 months depending on whether you read the GB or NO remit message.

[Tom Freeman @grid_trader]

Anecdotal: my brother owns a brewery, he can't get any CO2 because the fertilizer plants have shut due to high gas prices.

[Tom Freeman @grid_trader]

@timbolord The booming BM feeds thru to the auctions and foward curve. Everything in the near term gets bid up. The european area has nothing as exciting as the balancing mechanism, so their dayahead/intraday prices dont get so wild.

[Tom Freeman @grid_trader]

@timbolord Really great thread, thanks. I'd add that the day/intraday spikyness is exacerbated by power station bidding behaviour in the auctions and balancing mechanism. The marginal unit is setting the price based on its opportunity cost, not just the fuel-driven fundamentals.

[Tom Freeman @grid_trader]

@enappsysNL It’s a BOA!

[Montel Analytics @MontelAnalytics]

GB / FR : IFA substation is on fire at Sellindge. Assume an extended outage ... ^PH

[Tom Freeman @grid_trader]

@Mikko_Heikkila Take a look at N2EX! https://t.co/MpTcwhD7iQ

[Tom Freeman @grid_trader]

@enappsys Gah! I was bid at £2,500.02 🤦🏽‍♂️

[Tom Freeman @grid_trader]

@bartlettsboy Baking forecast not looking ideal for tomorrow 😬 hope you have enough PV for the ovens.... https://t.co/ZpG3Nnk3Dw

[Tom Freeman @grid_trader]

@Steward_T Consignia?