PowerCast by EDF

Energy prices have dominated headlines since the 2022 energy crisis. But while wholesale prices have eased at times, many businesses are still facing high and rising costs. In this episode of PowerCast, we explore what is really driving energy bills today. From rising network and policy costs to the impact of long-term infrastructure investment, the conversation goes beyond wholesale markets to un...

This episode marks the transition from PowerCast into Talking Power, following the coming together of EDF’s Wholesale Market Services and Business Solutions teams into EDF Business and Wholesale. The aim is to bring expertise from across markets, supply, flexibility, assets and data into one team to better support customers. The discussion focuses on recent energy market volatility driven by escal...

In this episode of PowerCast, David from EDF Wholesale Market Services is joined by Ed Porter from Modo Energy to explore what 2026 could mean for battery storage assets. The conversation looks at why battery revenues may increase, how demand growth from EVs, heat pumps and data centres is reshaping market dynamics, and why volatility, negative pricing and weather variability are becoming defining...

How do you forecast what thousands of customers will consume or generate every half hour, then use that insight to price contracts, hedge risk and trade smarter? In this episode of PowerCast, David from EDF Wholesale Market Services sits down with volume forecasting experts Emily Short and Steve Pugh to reveal the hidden function that underpins accurate pricing and confident trading across power,...

This month we're joined by market analysts Curtis Higgins and Will Illesley to review how GB power markets performed in November, covering wholesale prices, the Balancing Mechanism and ancillary services. November was characterised by strong renewable generation and a generally stable system, which led to narrower market spreads and slightly lower battery revenues compared with October. A cold sna...

In this episode of PowerCast, David from EDF’s Wholesale Market Services team is joined by Barney Gilmore, Flexibility Product Lead, and Ross Irvine, Senior Manager for PPA Origination and Structuring, to unpack the fast-growing world of co-located solar and battery projects. Using a recently signed solar plus battery deal as a case study, they explore how co-location works in practice: from shari...

October marked the start of the winter season and brought a sharp mix of named storms, cold snaps and shifting demand. In this episode, David is joined by EDF’s market analysts to break down how these weather fundamentals shaped wholesale power prices, balancing mechanism activity and ancillary service revenues. They explore record levels of BM utilisation for batteries, fewer negative price perio...

Record-breaking solar generation defined Summer 2025, with GB output reaching 13.8 TWh but capture rates falling to around 85% of baseload prices. David and Dan Wilkinson discuss what this means for PPA valuation, shaping costs, and the balance between fixed and indexed contracts. They unpack why price cannibalisation is accelerating, how wind and solar trends compare, and how co-located batteries...

PowerCast: September Power Market Recap - volatility, wind, BM shifts Monthly market update from EDF Wholesale Market Services. Rachel is joined by analysts Robbie Auld and Bhanu Duggal to unpack September’s UK power markets: stronger wind, deeper day-ahead dips, and what it meant for batteries. What we cover Prices and volatility: lower averages on strong wind, deeper negative periods, and wider...

The UK’s first Clean Flexibility Roadmap has been published by DESNZ, Ofgem and NESO; setting out a unified plan to build a clean, consumer-focused and flexible electricity system. In this episode of PowerCast, host Rachel Murphy is joined by EDF’s James Thornton and Ismahan Kellou to unpack what the roadmap really means for the energy market. We explore: • Why flexibility is critical to integrati...

Dive into the August edition of PowerCast from EDF Wholesale Market Services. Our market analysts unpack what shaped UK power markets last month; from storm-driven volatility and flat high-pressure periods, to how batteries earned revenues through the balancing mechanism and ancillary services. Hear insights on solar and wind capture rates, wind farm behaviour , and what this all means for battery...

P462 explained. David from EDF Wholesale Market Services is joined by market specialists Selina Paxton and Joshua Raw to unpack Balancing and Settlement Code modification P462 (“Removal of subsidies from bid prices in the Balancing Mechanism”). We cover what P462 changes, why it matters, and how it could affect cash-out, wholesale prices, and revenues for batteries, BTM assets, and consumers. What...

In this episode, David Edmonds, Head of Pricing & Valuations, is joined by EDF analysts Curtis Higgins and Bhanu Duggal to explore the UK energy market dynamics for July.  From changing generation patterns to shifting market dynamics, we explore the factors that shaped the month and what they could mean for the period ahead.

In this follow-up episode of the PowerCast podcast from EDF’s Wholesale Market Services team, host David is joined by Dan Wilkinson, EDF’s PPA Pricing and Valuation Lead, to explore the significant impact solar generation has had on Great Britain’s power prices during summer 2025.   The discussion dives into the concepts of solar cannibalisation, capture prices, and shaping costs, explaining how r...

In this episode of PowerCast, David from EDF’s Wholesale Market Services is joined by Rachel Murphy, Strategy Analyst, and Ed Bryan, Flexibility Product Design Lead, to explore the latest Future Energy Scenarios (FES) 2025 report from the National Energy System Operator (NESO). The team discusses the four energy transition pathways - Holistic Transition, Consumer Engagement, Hydrogen Evolution, an...

In this episode of the PowerCast EDF Wholesale Market Services podcast, David Edmonds, Head of Pricing & Valuations is joined by EDF analysts Curtis Higgins and Bhanu Duggal delve into the UK energy market dynamics for June. A sharp rise in renewable generation, particularly wind and solar, led to increased volatility in wholesale prices, creating expanded market spreads and strong revenue opp...

In this special edition of PowerCast from EDF’s Wholesale Market Services team, we reflect on the recent escalation in the Iran–Israel conflict and its early impact on global energy markets. Recorded yesterday (23 June) and already the markets have moved again, a reminder of just how volatile and fast-moving the situation is. In this episode, David Edmonds is joined by Senior Curve Trader Stephen...

In this episode of PowerCast, David Edmonds, Head of Pricing Evaluations at EDF’s Wholesale Market Services, is joined by Nikki Goulding and Kim Collins, two of EDF’s leading experts in PPA management. Together, they unpack the detailed work that goes on behind the scenes to get ready as the offtaker for large-scale renewable Power Purchase Agreements (PPAs). From contract handover to technical co...

In this episode of Powercast, David Edmonds is joined by EDF analysts Curtis Higgins and Robbie Auld to explore key developments in the UK energy markets during April. Together, they unpack how high solar generation, subdued wind output, and falling gas prices shaped wholesale prices, balancing mechanism activity, and battery revenue streams. The team discusses the impact of record-breaking solar...

In this episode of Powercast, host David Edmonds (Head of Pricing & Valuations, EDF Wholesale Market Services) sits down with Ed Bryan, Product-Design Lead for Flexibility, to demystify the brand-new role of the Virtual Trading Party (VTP) created by Balancing & Settlement Code modification P415.  Together they unpack: what a VTP is, how it differs from a Virtual Lead Party, and why P415 f...

Our team — David Edmonds, Jared Morgan and Hugh Boyle — unpack the key outcomes of the recent T-4 & T-1 Capacity Auctions, what they mean for market participants, and how they could shape future strategy. Discover more at www.edfenergy.com/wholesale-market-services

At EDF, we’ve been looking carefully at our PPAs and the costs and risks we price as an offtaker. As part of this activity, we asked LCP Delta to independently analyse the historical costs of shaping fixed-price solar PPAs and what a sustainable risk pricing approach might be. As solar power continues to expand across the grid, the true cost of shaping fixed-price PPAs is becoming clearer — and mo...