This week saw strong bullish price movements in both gas and baseload power contracts. Day-ahead gas rose 33.3% to 340.00p/th, following rising demand and renewed concerns surrounding Russian gas deliveries via the Nord Stream 2 pipeline. Day-ahead power jumped up 68.1% to £400.00/MWh, drawing on bullish momentum seen in near-term gas contracts and exacerbated by low wind output in the week, a trend set to continue into the coming week. Front month gas contracts experienced strong gains, with January 22 gas up 30.9% at 339.67p/th, and February 22 gas increased 29.9% to 338.97p/th. Most seasonal gas contracts boosted this week, up by 10.6% on average, with summer 22 and winter 22 gas increasing 22.1% and 21.3% respectively, lifting to 198.06p/th and 201.28p/th. All seasonal baseload power contracts reported gains this week, up on average by 11.0%, as summer 22 and winter 22 expanded 18.8% and 21.3% respectively, rising to £183.00/MWh and £194.00/MWh.
Baseload electricity | ||
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Forward Curve Comparison
| Annual April Contract | |
Peak electricity | ||
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Forward curve comparison
| Annual April contract
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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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