Headlines This week, gas contracts experienced mixed movements, while all baseload power contracts rose. Day-ahead gas was up 9.3% at 30.5p/th, supported by maintenance reducing flows from UKCS. This was despite the gas system ending the week oversupplied by 24mcm/d, due to the rerouting of Norwegian gas to the UK. Seasonal gas contract movements were […]
Headlines This week, nearly all power and gas contracts dropped week-on-week, with only day-ahead power rising as record breaking temperatures increased cooling demand. Warmer temperatures also supported API 2 coal prices to a three-month high, which in turn saw higher demand for EUAs and lifted EU ETS carbon prices to a 13-year high just below […]