Headlines
Most power and gas contracts decreased again this week, with the day-ahead power contract the exception. Day-ahead gas fell 3.5% to finish the week at 38.6p/th with high LNG send-out offsetting a drop in temperatures mid-week. Day-ahead power gained 19.4% to finish at £53.0/MWh as wind generation fluctuated heavily throughout the week. December 19 gas was down 5.0% at 40.6p/th, and January 20 gas decreased 3.4% to 43.5p/th. Most seasonal gas contracts declined this week down by 0.8% on average. Summer 20 and Winter 20 gas dropped 1.4% and 1.5% respectively, falling to 38.7p/th and 48.7p/th. All Seasonal power contracts dropped this week, down 1.5% on average. Summer 20 and Winter 20 power dropped 2.3% and 2.0% respectively, falling to £44.3/MWh and £51.7/MWh. Brent crude oil inched down 0.2% to average $62.2/bl this week, amid mixed forecasts of US oil inventories. Announced this week were plans to freeze spending on the US shale industry, which will likely see a reduction in US oil output growth. EU ETS carbon fell by 2.8% to €24./t as minimal price changes reflected a lack of notable activity in the market this week. API 2 coal prices slipped a further 1.4% to $63.21/t.
| Baseload electricity | | |
- Day-ahead power rose 19.4% to £53.0/MWh, following low wind generation near the end of the week.
- December 19 power was down 4.0% at £46.9/MWh, and January 20 power decreased 3.2% to £49.8/MWh.
| | - Q120 power moved 3.0% lower to £49.3/MWh.
- The Annual April 20 contract lost 2.2% to £48.0/MWh, 12.4% lower than the same time this year (£54.8/MWh).
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Forward curve comparison 
| | Annual October Contract 
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| Peak electricity | | |
- Day-ahead peak power rose 32.4% to £64.8/MWh, reflecting the rise in baseload power.
- December 19 peak power was down 3.4% at £52.9/MWh, and January 20 peak power decreased 3.2% to £56.8/MWh.
| | - The Annual April 20 peak power lost 2.0% to 53.4/MWh.
- This is 13.6% lower than the same time this year (61.8/MWh).
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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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- All Seasonal power contracts declined this week, down to 1.5%.
- Summer 20 and Winter 20 power dropped 2.3% and 2.0% respectively, falling to £44.3/MWh and £51.7/MWh.
| | - Seasonal peak power contracts declined by £1.5% on average.
- Summer 20 and Winter 20 peak power dropped 2.0% and 2.1% respectively, falling to £48.1/MWh and £58.8/MWh.
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| Commodity price movements | | |
Oil and Coal 
| | Carbon 
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- Brent crude oil inched down 0.2% to average $62.2/bl this week.
- Prices currently 8.5% lower than at the same time this year.
- Mixed forecasts on US stocks this week by the EIA and OPEC acted as opposite drivers on prices.
- Announced this week were plans to freeze spending on the US shale industry, which will likely see slow-down in growth of US oil output.
- API 2 coal prices slipped a further 1.4% to $63.21/t, down 28.0% on the same time this year.
| | - EU ETS carbon fell by 2.8% to €24.5/t.
- Minimal price changes reflected a lack of notable activity in the market this week.
- Report this week by the IEA said that CO2 emissions would continue to rise even if government policies and plans were met.
- Emissions would be required to fall by nearly 70% if global warming was to be limited to 1.65°C.
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Wholesale price snaphot
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