On the 26th and 27th of June just over 8GW of plant went on outage. This is probably expected as it is the middle of the Summer and many of these plants are coal and have been running close to non-stop for a year. An outage of between a week and a month gives the plant the time to recover and be checked over byu engineers ready for the Winter. Perhaps more importantly they have looked at day-ahead prices last year and noticed that it is worth being available for August and September and so they have brought outages forward to account for this.

If as is expected plants return on time, then this will avert the energy spikes seen last year, more importantly it will see more gas being used in July than in August an this may effect Rough injections a little. It is also a sign that if prompt stays low for June it should get lower as the Summer progresses, and this will drag October and Winter with it, breaking the £60 is a distinct possibility.