March at a glance

Warm weather continued in March, with high electricity demand coming from the increased need for cooling. Despite this, wholesale electricity prices were less volatile than January and February, with fewer instances of extreme spot prices.  

This is what we would usually expect to see at this time of year. In the shoulder months (i.e., outside the peaks of summer and winter), the milder weather conditions usually mean the demand for electricity is lower, which in turn typically leads to lower, more stable wholesale prices.  

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