Headlines Last week, most tracked contracts registered losses, as strong EU gas storage levels continue to remain a prominent driver of prices ahead of the winter period. Similarly, LNG prices are likely to remain stable over the coming winter amid ample gas inventories in both Europe and Asia. Due to LNG’s status as the marginal
Headlines Most long-term power and gas contracts fell this week, with day-ahead power acting as the only exception to the bearish movement across the week. Day-ahead gas fell 2.4% to 85.60p/th, posting minor losses despite easing temperatures and lower wind outturn generation for the week. Day-ahead gas reached a weekly high of 87.95p/th on 11
Headlines It was a bearish week for gas and power contracts this week, opposing the price gains observed in recent months. Day-ahead gas fell 6.8% to 87.70p/th, following periods of above-average temperature during the week. However, losses were limited by extended maintenance works across the Norwegian Continental Shelf, limiting flows into GB from Norway. Likewise,
Headlines Both power and gas contracts registered gains last week, contrasting against the previous week’s bearish fundamentals. Day-ahead gas rose 8.4% to 94.05p/th, finding support from a period of notable maintenance across the Norwegian Continental Shelf that saw reduced total gas flows into GB. Day-ahead power rose 55.0% to £89.00/MWh, following a drop in wind
Headlines Most tracked gas and power contracts registered losses across the previous week, predominantly driven by periods of strong wind generation in the latter half of the week due to Storm Lillian acting to reduce gas-for-power reliance. Despite this, day-ahead gas prices on 23 August rose 9.1% compared to the prices seen on 16 August,
Headlines Day-ahead gas fell 2.5% to 79.50p/th, with periods of reduced wind generation across the week acted to increase the reliance on gas-fired generation to meet demand, in turn leading to higher day-ahead prices. However, day-ahead gas prices on 16 August found their strong bearish movements rooted in high renewable generation forecasts for 19 August,
Headlines Much like the week previous, predominantly bullish fundamentals continued to impact both gas and power contracts last week, with the exception of day-ahead contracts.. Day-ahead gas fell 2.2% to 81.50p/th, following the return of the Norwegian Visund and Asgard gas fields from unplanned maintenance. Likewise, day-ahead power fell 5.7% to £54.61/MWh, seeing notable fluctuations,
Headlines It was a predominantly bullish week for most gas and power contracts last week, with only day-ahead power opposing this bullish trend. Day-ahead gas rose 10.8% to 83.35p/th, following high cooling demand amid rising temperatures, coupled with low wind outturn during the week. Day-ahead power fell 21.7% to £57.90/MWh, with easing demand and strong
Headlines Wholesale gas and power prices were relatively mixed throughout the week, with gains recorded across shorter-term contracts. Front-month contracts across gas and power moved higher, influenced by an outage across the Freeport LNG terminal, in tandem with the redirection of gas flows from Norway to France. This resulted in a 0.2% gain for day-ahead
Headlines It was a bearish week for gas and power contracts last week, opposing the trend of relative increases across wholesale prices observed across much of 2024 to date. Day-ahead gas fell 6.1% to 73.25p/th, influenced by reduced maintenance works across the UK Continental Shelf, bolstering flows into GB from our indigenous gas sources. Moreover,
Headlines Wholesale gas and power prices saw downward price movements predominantly throughout the week in GB, with European strong gas storage levels and increased Norwegian and UK Continental Shelf flows acting to soften supply margins, resulting in most power and gas contracts falling. Day-ahead gas fell 2.0% to 78.05p/th, as lower levels of Norwegian and
Headlines Last week largely represented a mixed period for wholesale gas and power contracts, with day-ahead power contracts decreasing in the week, opposing the movements seen in all longer-term contracts. Subsequently, day-ahead gas fell 0.5% to average 79.65p/th, weighed by elevated temperatures throughout the week acting to limit gas-for-heating demand. Similarly, day-ahead power dropped 3.4%
