Nearly all GB gas and power contracts increased this week. Day-ahead power was the only exception, falling 4.6% to £26.00/MWh, with high levels of wind generation towards the end of the week weighing on the contract. The new month-ahead contract (August) gained .3% to £32.10/MWh and the September contract rose 2.0% to £34.99/MWh. Seasonal power contracts climbed 3.6% on average with summer contracts showing the largest gains. Winter 20 power lifted 1.2% to £45.25/MWh, while summer 21 power jumped 4.0% to £41.24/MWh. Day-ahead gas rose 5.9% to 14.25p/th, amid increased demand for both power generation and residential heating. August 20 gas jumped 8.3% to 15.02p/th and the September contract lifted 2.4% to 17.25p/th. Seasonal contracts climbed 3.6% on average, and similar to the power market saw larger gains on the summer contracts. Winter 20 gas edged 2.4% higher to 33.12p/th and the summer 21 contract gained 4.3% to 31.00p/th. Brent crude oil was little changed on average this week with prices slipping 0.2% to average $41.89/bl. API 2 coal prices climbed 3.1% to average $57.84/t this week, reaching a 5-month high of $58.50/t on Thursday. EU ETS carbon continued to reach new multi-month highs this week, gaining 6.4% to average €26.58/t.
Baseload electricity | ||
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Forward curve comparison | Annual October Contract | |
Peak electricity | ||
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Forward curve comparison | Annual October contract | |
Seasonal power prices | ||
Seasonal baseload power contracts | Seasonal baseload power curve | |
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Commodity price movements | ||
Oil and Coal | Carbon | |
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Wholesale price snapshot |