Author: Wil Ng

Headlines – UK Wholesale Gas Prices and Wholesale Electricity Prices Both power and gas markets saw overall bearish movements last week, however there was strong volatility during the week in the power market. Day-ahead gas fell 1.5% to 114.60p/th, following warmer weather conditions in the latter half of the week easing domestic heating demand, paired

Headlines Wholesale gas contracts experienced bullish price movements last week, whereas all tracked power contracts, with day-ahead the exception, registered week-on-week price losses. Subsequently, day-ahead gas rose 1.6% to 116.30p/th, as an escalation of the war in Ukraine, including attacks on Ukrainian energy infrastructure, caused worries over gas supplies from Russia. However, stronger gains were

Headlines Broadly bullish price movements were seen across longer-term contracts in the gas and power markets last week, with the day-ahead contracts as the exception, registering losses. Day-ahead gas fell 2.2% to 114.50p/th, with strong volatility in the week as the contract reached a yearly high on 21 November of 121.50p/th, due to below seasonal

Headlines It was a mostly bullish week for gas and power contracts last week, with day-ahead contracts registering the largest gains. Following this, day-ahead gas rose 9.5% to 117.05p/th, the highest level seen since November 2023, as reduced temperatures across the week acted to boost gas-for-heating demand, along with lower levels of wind generation on

Headlines Most power and gas contracts rose this week, with day-ahead power acting against last week’s bullish trend. Day-ahead power fell 11.0% to £94.75/MWh, starting the week at a high of £113.20/MWh on 5 November, the highest price since 30 November 2023, due to low wind generation on the grid, with less than 5% of

Headlines Almost all power and gas contracts fell last week, with the only exception being day-ahead power, which rose 9.2% to £106.50/MWh due to below average levels of wind generation, increasing reliance on more expensive gas-fired assets. This resulted in day-ahead power reaching the highest level seen since 5 December at £107.66/MWh on 29 October.

Headlines All gas and power contracts increased this week, with the most prominent gains registered across the day-ahead and shorter-term power and gas contracts. Low wind speeds throughout the week caused wind generation to be below the seasonal norm, increasing the requirement of gas-powered generation, bolstering demand for gas. Another bullish influence on gas prices

Headlines Predominantly bearish price movements continued last week with strong EU gas storage levels likely influencing these losses across most tracked contracts, with only the summer 27 gas contract registering a gain across both power and gas. Day-ahead gas fell 1.5% to 95.91p/th, following reduced gas-for-power demand due to above-average temperatures, coupled with healthy levels

Headlines Gas contracts saw bearish pressure last week, contrasted against a much more mixed outlook for the power markets. Despite the bearish movement in GB gas prices, day-ahead gas prices reached their highest since December 2023 at 98.75p/th on 10 October due to below average temperatures increasing gas heating requirements, paired with strong geopolitical volatility

Headlines All gas and power contracts increased last week, with the most prominent gains registered across shorter-term contracts. Gas contracts were pushed higher following supply concerns due to wider geopolitical concerns linked to the conflict in the Middle East potentially impacting key gas-supplying regions. This fuelled trader concerns of potential supply-side disruption, with prices driven

Headlines Last week saw bullish movements across gas and power markets, with day-ahead power as the only exception. Day-ahead gas rose 11.2% to 91.20p/th, due to cooler weather boosting overall domestic gas-for-heating demand, coupled with an escalation of the conflict in the Middle East resulting in concerns surrounding gas supply security. Conversely, day-ahead power fell