Mixed movements were observed this week for near-term gas and power prices. Day-ahead gas fell 7.0% to 13.25p/th, following an oversupplied system. Day-ahead power rose 18.3% to £30.75/MWh, amid periods of low wind output and power demand recovery following the easing of lockdown restrictions. August 20 gas was down 8.3% at 13.78p/th, and September 20 gas decreased 3.4% to 16.6p/th. All seasonal gas contracts rose this week, up by 2.1% on average, while winter 20 and summer 21 gas increased 3.1% and 1.1% respectively, lifting to 34.14p/th and 31.33p/th. Seasonal power contracts boosted this week, up on average by 2.4%, as winter 20 and summer 21 expanded 2.8% and 1.8% respectively, rising to £46.5/MWh and £42/MWh. EU ETS carbon prices leapt 8.0% this week to average €28.7/t, reaching a near 12-month high amid strong trading activity. Brent crude oil experienced growth this week, rising 2.0% to average $42.7/bl, up from $41.9/bl the previous week.
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 |