Headlines We observed consistent bearish gas price movements across all tracked contracts this week, a likely consequence of the continued strong EU gas storage levels, at approximately 82% full at the time of writing. As a result, day-ahead gas fell 8.6% to 80.00p/th, despite below-average temperatures increasing domestic heating demand. Similarly, February 24 gas was […]
Headlines This week saw a reversal of recent bearish price movements across most gas and power wholesale contracts. Subsequently, we saw the majority of gas and power contracts increase week-on-week. Day-ahead gas rose 9.4% to 87.50p/th, due to lowering temperatures seen during the week, boosting gas demand for heating. Current forecasts also point towards an […]
Headlines This week, most power and gas wholesale contracts rose, reversing the overall bearish movement seen across contracts throughout 2023 to date. Day-ahead gas rose 2.3% to 77.00p/th, following declining wind generation forecasts, boosting gas-for-power demand. Day-ahead power rose 7.7% to £70.00/MWh, following its gas counterpart, with further gains supported by a strong drop in […]
Headlines This week, all power and gas wholesale contracts fell, continuing the overall bearish movement seen across contracts throughout 2023 to date. Day-ahead gas fell 22.2% to 75.25p/th, following increased temperature forecasts acting to soften gas-for-heating demand, providing bearish support. Day-ahead power fell 24.9% to £65.00/MWh, with a rise in wind generation projections, alongside a […]
Headlines This week saw the continuation of bearish price movements across most gas and power wholesale contracts. Subsequently, we saw the majority of gas and power contracts drop week-on-week. Day-ahead gas fell 7.9% to 96.75p/th, as higher levels of wind generation on the system led to less demand for gas-fired assets, acting to outweigh the […]
Headlines It was a mostly bullish week for gas and power contracts this week, with day-ahead contracts registering the largest gains. Following this, day-ahead gas rose 18.2% to 123.50p/th, as reduced temperatures forecast across the week acted to boost gas-for-heating demand. Following its gas counterpart higher, day-ahead power rose 32.2% to £119/MWh, with strong support […]
Headlines It was a largely bearish week for gas and power contracts this week, continuing the trend of decreasing wholesale prices observed across much of 2023. Opposing this however, day-ahead gas rose 4.5% to 104.50p/th, despite being influenced by higher wind outturn projections for Monday acting to reduce gas-for-power demand. However, a notably short system […]
Headlines It was a largely bearish week for gas and power contracts this week, continuing the trend of decreasing wholesale prices observed across much of 2023 – however the day-ahead contracts were the exception to this bearish trend. Day-ahead gas rose 2.0% to 100.00p/th, following periods of below-average temperature during the week, acting to increase […]
Headlines Predominantly bearish gas price movements continued this week with strong EU gas storage levels likely influencing these losses across most tracked contracts. Day-ahead gas fell 17.6% to 98.00p/th, following increased wind outturn forecasts reducing gas-for-power demand, coupled with healthy levels of gas supply circulating in the European gas markets. Similarly, day-ahead power fell 5.3% […]
Headlines Predominantly bearish gas price movements continued this week – with consistent losses seen across most tracked contracts, a likely consequence of the continued strong EU gas storage levels, at approximately 99% full at the time of writing. However, day-ahead gas was one exception to this bearish trend, rising 4.3% to 118.95p/th, despite falling demand […]
Headlines This week power and gas contracts broadly continued to follow the bearish trend seen across much of 2023 to date, inclusive of longer-term contracts. We observed above average wind generation for large periods across the reporting window – acting to supress gas-fired generation demand, and the announcement that strike action across Australian LNG terminals […]
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. Gas contracts were pushed higher following supply concerns amid persistent strike action at LNG facilities in Australia, alongside fears over the security of key European gas infrastructure following the damage to […]
