All power and gas contracts decreased this week. Day-ahead power gas fell 6.1% to finish the week at 28.3p/th. Day-ahead power dropped 11.3% to finish the week at £39.3/MWh following gas prices lower, as temperatures unexpectedly rose above seasonal normal levels this week, though are expected to drop again next week. December 2019 gas lost 3.5% to 42.6p/th and January 20 gas dropped 2.5% to 45.3p/th. Seasonal gas contracts fell 2.3% on average with summer 20 gas dropping 2.9% to 39.6p/th. December 19 power fell 1.2% to £49.1/MWh while January 20 power reduced 1.0% to £52.2/MWh. Seasonal power prices slipped 0.8% on average. Summer 20 power fell 1.1% to £45.6MWh, winter 20 contract lost 0.6% to £45.1/MWh. Brent crude oil rose 1.3% to average $61.0/bl, as US stocks saw a boost this week following a surprise hit the week before. US-China trade talks have made progress whilst factory production in Japan sunk to a three-year low, OPEC have made decision to make deeper cuts as OPEC+ countries agree to them. EU ETS carbon increased 0.7% to average €25.5/t as the announcement of general election could shift carbon price focus for the time being. API 2 coal prices dropped 2.7% to average $65.2/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
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Wholesale price snaphot |