Headlines This week largely represented more bearish sentiment for wholesale gas and power contracts in GB, with some exceptions from peak power prices. Subsequently, day-ahead gas fell 1.0% to 57.00p/th, weighed by elevated temperatures in the first half of the week – although price losses were capped by reduced flows following extensive work at Norwegian […]
Headlines This week power and gas contracts continued to follow the bearish trend seen across much of 2023 to date, inclusive of longer-term contracts. We observed above average temperatures for large periods across the reporting window – acting to supress gas and power demand. Subsequently, day-ahead gas fell 13.4% to 57.60p/th, following milder weather and […]
Headlines This week saw the continuation of lowering gas and power prices, extending upon bearish price movements observed in the previous week, including longer term contracts. We observed above average temperatures for large periods across the reporting window – acting to supress gas and power demand. As a result, day-ahead gas fell 14.6% to 67.50p/th […]
Headlines This week represented a mixed picture for wholesale gas and power contracts, especially when acknowledging the difference between shorter and longer termed contracts. On shorter-dated contracts, a mostly bearish sentiment was observed – whereas prices further out on the forward curve recorded gains, a potential response to fears surrounding future LNG supply as China […]
Headlines This week, wholesale gas and power contracts experienced mostly bearish trends – resulting from increased daily temperatures, coupled with greater wind power generation, when compared to last week. Day-ahead gas fell 0.5% to 99.5p/th amid strong LNG supplies, and decreased demand levels. Similarly, day-ahead power fell 2.3% to £104.5/MWh, following the bearish price movements […]
Headlines This week represented a relatively mixed picture for wholesale gas and power contracts. Primarily, we observed losses on shorter-dated contracts whereas prices further out on the forward curve recorded gains – a possible response to on-going concerns over future supply as a potential rebound in rival Asian markets disrupting LNG supplies – coupled with […]
Headlines It was a collectively bullish week across most tracked gas and power contracts this week. In support of this, day-ahead gas rose 10.3% to 112.50p/th, following higher gas demand ahead of expected colder temperatures and lower wind output at the beginning of next week. Day-ahead power, however, fell 5.3% to £111.75/MWh, despite the anticipated […]
Headlines This week, we continued to broadly observe the downturn of wholesale gas and power prices, with the day-ahead contracts being the primary outliers to this trend. Recent milder weather has helped to lower demand, allowing prices to soften. Added to this, the present gas storage level on the continent remains strong, with net injections […]
Headlines This week saw a more bearish pricing trend, with most tracked wholesale gas and power contracts in GB registering week-on-week price losses. Ongoing milder weather and increased wind power generation have kept near-term prices lower this week, while longer-dated contracts have taken price direction from wider movements in the commodity markets. Day-ahead gas fell […]
Headlines Most power and gas contracts fell this week, with the recent bearish pricing trend continuing from the start of this year. Day-ahead gas fell 3.3% to 118.0p/th, as gas supply levels in the country increased, despite an extended cold period across GB increasing gas for power demand. Day-ahead power fell 26.5% to £100.0/MWh, with […]
Headlines This week saw the return of some more bearish pricing fundamentals, with all tracked wholesale gas and power contracts in GB registering week-on-week price losses. On-going milder weather and consistent levels of supply via LNG are keeping near-term prices lower, and subsequently influencing the price direction further out on the forward curve. Day-ahead gas […]
Headlines This week saw the introduction of some more bullish pricing sentiment, after what has represented a largely suppressed wholesale pricing environment in the opening two months of 2023. Elevated near-term gas contracts this week set a lot of the bullish sentiment for upward trending wholesale prices in the week, and in turn, prompted power […]
