The majority of power and gas contracts increased this week. The day-ahead contracts were an exception with day-ahead gas slipping 0.9% to 37.00p/th. The contract hovered around the 37.00p/th mark for much of the week, with a drop in gas-for-power demand amid high levels of wind generation providing a ceiling for prices. Day-ahead power dropped 17.2% to £37.00/MWh. The contract decreased throughout the week with consistently strong wind generation and forecasts for this to continue into the first half of next week seeing the contract end the week over £10.00/MWh lower than it started. In contrast, all seasonal gas contracts moved higher, up by 1.2% on average. The summer and winter 21 contracts increased 1.1% to 34.37p/th and 42.40p/th, respectively. Most seasonal power contracts increased, rising 1.1% on average. Summer 21 power climbed 1.2% to £43.66/MWh and the winter 21 contract gained 1.7% to £49.76/MWh. Brent crude oil jumped 8.5% to average $43.16/bl, this week, reaching a two-month high of $45.21/bl on 11 November. API 2 coal gained 2.8% to average $55.75/t, hitting a four-week high of $59.80/t on Friday. EU ETS carbon climbed 7.4% to average €26.23/t, this week. Like the other commodity markets, carbon prices rose to a milestone high, reaching a one-month high of €26.74/t on Wednesday 11 November.
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
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