The physical world, translated into financial intelligence.

Live REMIT signals, a CCGT-anchored premium score, and a 06:00 brief, sized to your book.

Physical premium score
06:42 GMT
+4.8Firming

Implied £118.40 · N2EX £101.12

SRMC £89.50 · Wind 8.2 GW

3,240 MW unplanned REMIT active

Regime: transitional → gas-dominated

Every REMIT notice, scored in plain English.

The same feed you get in-product. Every notice scored, sized, and explained in plain English.

UNPLANNED · HIGH · 645 MW

OtherHIGH

T_DRAXX-4 · Drax Power Station Unit 4

Unavailable from 13 Apr 06:00 - return unknown

645 MW of baseload removed without notice. Tightens residual demand by ~1.5 GW when wind drops below 8 GW. Watch GB Power front-month.

PLANNED · MEDIUM · 920 MW

CCGTMEDIUM

T_MRWD-1 · Mereworth Gas Turbine

Maintenance outage 14-22 Apr

Scheduled peaker maintenance. Market has priced this - no immediate action unless unplanned extension.

INTERCONNECTOR · HIGH · 1,000 MW

InterconnectorHIGH

IFA1 · France-GB Interconnector

Reduced capacity from 2,000 MW to 1,000 MW

Half of IFA1 flow removed. With French nuclear at 72% availability, this reduces import optionality during peak demand periods.

Every move in your book, explained.

Zephyr decomposes intraday P&L into the physical drivers that caused it. Wind, gas, REMIT, carbon - each attributed separately.

Long 50 MW · GB Power Q3 2026 Baseload

+£29,310Session P&L

Entry £89.50/MWh · Current £101.12/MWh

Today's Attribution

Wind delta+£14,200
Residual+£3,450
Shape/demand+£2,180
REMIT shift+£4,800
Gas (TTF move)-£3,600
Carbon-£1,720
Session P&L+£29,310

Wind attribution

+£14,200

+£14.20/MWh price suppression benefit

Wind at 8.2 GW sits 4.1 GW above the 7-day baseline, suppressing GB day-ahead prices and directly benefiting the long power position.

REMIT attribution

+£4,800

+£4.80/MWh unplanned outage uplift

3,240 MW of unplanned outages active, 1,840 MW above the planned baseline. Tighter-than-expected supply adds uplift to the long position.

Attribution updates every 5 minutes as physical conditions change.

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Morning brief · 06:00 GMT

Overnight summary

Physical premium model shows moderate firming with a normalised score of +4.8, as market prices at £101.12/MWh sit £17.28/MWh below the physically-implied £118.40/MWh. Wind generation at 8.2 GW with solar adding 1.1 GW drives residual demand to 22.4 GW. Key overnight REMIT signal: Drax Unit 4's unplanned 645 MW outage continuing through multiple periods.

BOOK TOUCHPOINTS

The long 50 MW GB Power Q3 2026 Baseload entered at £89.50 is well-supported - today's physical conditions suggest the market is underpricing tightness risk by £17/MWh. The short 25,000 therm NBP Winter 2026 is correctly positioned given temperature-suppressed demand; TTF at €50/MWh with weak heating load supports the bias.

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