It was a relatively mixed week for gas and power contracts this week, with the most pronounced losses seen on the far-curve, with near-term contracts continuing to hold onto unseasonably high price points. Day-ahead gas rose 2.2% to 230.00p/th, with the global gas supply outlook remaining notably tight. In Support, day-ahead prices reach their highest ever recorded levels, at 355.00p/th on 6 October . Day-ahead power fell 0.9% to £213/MWh, but remains well above seasonal norms, buoyed by strong gains made in gas contracts and lowering wind outturn entering the weekend and next week. November 21 gas was up 2.9% at 256.43p/th, and December 21 gas increased 3.7% to 264.42p/th. Most seasonal gas contracts declined this week, down by 5.7% on average, while both summer 22 and winter 22 gas dropped 14.4% and 13.1% respectively, subsiding to 99.33p/th and 102.81p/th. Most seasonal power contracts declined this week, down on average by 3.1%, as summer 22 power decreased 12.1% to £105.50/MWh, while winter 22 fell 10.6% to £110.00/MWh.
Baseload electricity | ||
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Forward Curve Comparison
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Peak electricity | ||
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Forward curve comparison
| Annual October contract
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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 snapshot
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