Most power and gas contracts fell this week as mild temperatures and Storm Ciara passed over the country. Day-ahead gas fell 9.5% to end the week at 20.60p/th. Prices were pushed down due to less gas-for-power demand and declining LNG prices and sunk to a five-month low of 20.40p/th on Thursday. Day-ahead power fell 1.3% to £26.15/MWh as high wind generation sunk prices to the lowest values seen on our records (dating back to 2008) . March 20 gas was down 7.3% at 20.65p/th, and April 20 gas decreased 6.2% to 20.73p/th. Most seasonal gas contracts boosted this week, up by 1.4% on average. Summer 20 gas was the exception and dropped 2.7% to 22.97p/th, while winter 20 gas increased 2.3% to 36.70p/th. Most seasonal power contracts rose this week, up on average by 1.1%, as summer 20 power was again an exception and slipped 1.4% to £33.52/MWh, while winter 20 power rose 2.1% to £43.92/MWh. Brent crude oil fell by 0.7% to $54.99/bl as oil prices fluctuated this week on a mixture of bearish and bullish news. Brent crude oil prices ultimately ended the week higher than last week, the first week-on-week increase in over a month. EU ETS carbon gained 1.1% to €23.59/t as strong EUA auction activity lifted prices to above 24/t near the end of the week. API 2 coal lost 1.3% to $59.64/t as coal-for-power demand struggles on low demand in China due to the outbreak of the coronavirus in China.
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 |