Forecast Market Reference Prices

This dataset includes the daily forecasted weighted average Baseload Market Reference Prices and Intermittent Market Reference Prices for the current and following operational quarters, by technology type.

Baseload Market Reference Price is the value used as a reference point to calculate difference payments for applicable generators. The BMRP is calculated on a seasonal basis using a traded volume weighted average based on forward season data received from LEBA. The BMRP is published in April and October of each year.

Intermittent Market Reference Price is used as a reference point to calculate difference payments for applicable generators. It is calculated from the GB Day Ahead Hourly Price published by Day Ahead Indices.

This dataset is updated following the end of each Quarterly Obligation Period.

Please note that our forecasts simulate hourly prices across multiple scenarios, and the published prices represent the averages derived from these simulations over the quarter. Consequently, the capture price differences cannot be back-calculated from these averaged values as this detailed information is lost in the hourly averaging process over the simulations, but are taken into account in individual simulations.

Data and Resources

Additional Info

Field Value
Last Updated December 17, 2024, 14:06 (UTC)
Created October 17, 2023, 16:00 (UTC)
Date Settlement Date - The date on which energy is deemed to be used and must be later settled through BSC initial settlement/reconciliation or Scottish Settlements. Also known as the Trading Day
Forecast Market Reference Price (£/MWh) Forecast generation-weighted Market Reference Price
Quarterly Obligation Period A period of 3 months commencing after 31st March 2015 on 1st April, 1st July, 1st October or 1st January in any period of 12 months
Technology Technologies of CfD generators