Are electricity prices really cheaper when the carbon intensity of the grid is lowest?
Regen have developed this dashboard to track the correlation between grid carbon intensity and electricity prices over time. Select a time period, or a specific day. Octopus Agile prices are shown alongside GB wholesale market index prices (Elexon BMRS) for comparison. Please be patient while data loads.
Wholesale Reference Price (Day Ahead) vs GB Carbon Intensity
Each dot = one 30-min slot
↙ cheap & clean | dirty ↗
cheapexpensive
Price: LCCC IMRP Actuals (GB Day Ahead Hourly Price, EPEX Spot & Nord Pool weighted avg) — dp.lowcarboncontracts.uk ·
Carbon: National Grid ESO Carbon Intensity API — carbonintensity.org.uk
Wholesale Reference Price (Day Ahead) vs GB Carbon Intensity
Day-ahead price data (IMRP) is published with a 1–2 day lag, so it isn't yet available for this time window. Try Last 7 days or a longer period to see the day-ahead comparison.
Pearson's r
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Day-ahead price vs carbon
R²
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Variance explained
p-value
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p < 0.05 = significant
Correlation
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Correlation by time period — GB
Computing correlations…
Pearson's r — GB | Octopus Agile price vs Day-ahead price