Most power and gas contracts fell this week, with the day-ahead and a few seasonal contracts as the exceptions. Day-ahead gas rose 6.2% to 32.50p/th, following colder temperatures on average this week. Day-ahead power rose 13.8% to £42.10/MWh, with lower wind generation forecast for the start of next week. January 20 gas was down 7.5% at 36.39p/th, and February 20 gas decreased 6.9% to 37.17p/th. Most seasonal gas contracts declined this week, down by 2.8% on average. Summer 20 and winter 20 gas dropped 5.6% and 3.8% respectively, subsiding to 33.12p/th and 44.19p/th. Most seasonal power contracts also declined this week, down on average by 1.2%, as summer 20 power decreased 2.4% to £41.42/MWh, while winter 20 fell 1.6% to £49.70/MWh. Brent crude oil rose 3.3% to $64.27/bl as oil prices reacted positively to a tweet by US President Donald Trump this week that the US was getting “very close to a big deal with China”. EU ETS carbon reversed last week’s losses gaining 1.6% to €24.92/t as the Conservative party won a working majority in the UK general election this week. API 2 coal lost 3.8% to $59.72/t as prices dipped below $60.00/t for the first time since July 2016.
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 |