Great britain historical SMP (System Marginal Price) dataset

Information

• The Great britain historical SMP (System Marginal Price) dataset is a publicly available dataset of electricity prices in Great Britain.
• The dataset is managed by the UK energy market regulator Ofgem and is intended to support research on electricity market dynamics and price formation.
• The dataset contains hourly data on SMP, which is the price paid to generators for each unit of electricity they produce, over a period of several years, with data available from 1990 to 2020.
• The data covers the entire Great Britain electricity market and includes prices for different time periods and different regions within the market.
• The SMP data is derived from the actual prices paid in the electricity market, and is calculated based on the bids and offers submitted by market participants.
• The Great Britain Historical SMP dataset has been used in various research studies and collaborations related to electricity market modeling, price forecasting, and market design, and has contributed to the understanding of the factors that influence electricity prices in Great Britain.
• The dataset is available for free access, but users are required to register and agree to a data use policy that includes restrictions on commercial use and redistribution of the data.
• Ofgem also provides technical support and guidance for users of the dataset, as well as access to various tools and platforms for data visualization and analysis.
• The Great Britain Historical SMP dataset is regularly updated with new data, and is expected to continue to support research and analysis of the Great Britain electricity market.