This is the YPO newsletter providing updates on the Power basket trading and performance.
April 2026_ Power Basket Trading & Performance
April 2026/2027:
Overview:
The achieved commodity price on the Annual Baseload position under the current Apr-26 basket is
7.77p/kwh. (This is a 10% decrease from the previous Apr-25 achieved price of 8.58p/kwh).
Graph 1 – Hedged Position (24-Month Overview)
(The amount of volume purchased during contract term is highlighted in red, with the blue representing open position to purchase against the open wholesale power market)
The forward Apr-26 contract overview demonstrated below provides an estimated commodity forecast within our forward Apr-26 contract. The basket forecast provides an average annual hedged position, alongside the current commodity weighted average price in
p/kwh, with an overall % change from the previous year.
Note: These figures are based on our fixed versus open positions as of:
20th April 2026.
Overview:
(Sum-26 purchased 100% versus 100% of Win-26)
As we are 100% hedged for power out until the current framework end date of 31/03/2027, our risk management and trading strategy has helped to protect against sharp rising markets following the escalations in conflict in and around Iran.
Renewals:
The renewal process for the electricity framework beyond March 2027 is now underway. In order to commence trading activity, we first need to confirm customer volumes.
If you have not yet confirmed your intention to renew, please contact energy@ypo.co.uk with the relevant signatory details. An agency agreement will then be issued.
If you would like to discuss any aspects of the renewal in more detail, please let us know and a call can be arranged.
Additional non commodity charges:
A breakdown of non commodity costs can be found following the below link:
Understanding non-commodity costs | YPO
Following the YPO/ Npower Customer session we have received some further updates on the expected non commodity charges increases.
As Government are working on trying to get sources of electricity 95% clean by 2030, there is substanstial investment being made into networks and this has a knock on affect with TUos (Transmission) charges increasing.
There is also the introduction of a new Nuclear RAB charge.
Further to the above increases, there will also be an increase in Climate Change Levy (CCL)
Further information can be found below:
Climate Change Levy rates - GOV.UK
Billing rates are expected to be issued to customers by Npower imminently.
Future outlook:
The current conflict is mainly having a significant impact on immediate prices, YPO have volume purchased to cover customers up to 31st March 2027 with a weighted average price of 7.77p/kwh (Commodity only) from 1st of April this year. As soon
as we start getting renewals confirmed we will be able to start purchasing volume further out.