Gas and power contracts experienced bullish price movements this week. Day-ahead gas rose 4.7% to 46.80p/th, generally benefitting from reduced temperatures expected at the start of next week and forecast weaker wind generation, resulting in increased gas-for-power demand as a result. Day-ahead power remained static at £67.00/MWh, comparing Friday-on-Friday price movements. Increased wind generation at the weeks start dampened prices before a notable £20.00/MWh surge on Friday. April 21 gas was up 13.7% at 46.03p/th, and May 21 gas increased 12.8% to 43.36p/th. All seasonal gas contracts rose this week, up by 5.9% on average, as summer 21 and winter 21 gas increased 11.7% and 6.8% respectively, lifting to 44.07p/th and 53.65p/th. All seasonal power contracts climbed this week, up on average by 5.6%. Summer 21 and winter 21 power lifted 9.9% and 6.7% to £55.78/MWh and £64.80/MWh, respectively. Brent crude oil prices rebounded this week, up 6.0% to average $68.83/bl. Demand recovery optimism and positive economic forecasts represented the primary drivers for Brent crude oil prices. EU ETS carbon prices rose 8.4% to average €40.77/t. Prices reached a new all-time high of €42.42/t on 11 March.
Baseload electricity | ||
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Forward curve comparison | Annual April Contract | |
Peak electricity | ||
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Forward curve comparison | Annual April 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 |