Most power and gas contracts fell this week as the mild weather continued into the second half of January. Day-ahead gas lost 1.5% to 28.90p/th, following EU ETS and LNG prices lower. Day-ahead power was an exception, and rose 6.5% to £38.50/MWh, following drop in wind generation at the end of the week. February 20 gas was down 7.8% at 28.65p/th, and March 20 gas decreased 8.5% to 27.95p/th. All seasonal gas contracts declined last week, down by 6.0% on average, as summer 20 and winter 20 gas dropped 8.0% and 6.9% respectively, subsiding to 27.41p/th and 40.55p/th. All seasonal power contracts declined this week, down on average by 3.3%. Summer 20 power decreased 3.3% to £37.43/MWh, while winter 20 power fell 4.2% to £46.65/MWh. Brent crude oil fell by 4.1% to average $64.68/bl despite recovering to above $65/bl on 17 January. Crude prices continue to decline following lowered tensions in the Middle East, where it looks as though there will be no significant disruption to Brent crude oil supply. EU ETS carbon slipped by 0.1% to €24.49/t as prices fluctuated midweek on strong EUA auction turnout. API 2 coal lost by 2.0% to $56.28/t as the trend of a bearish API 2 coal market continues, reversing rare gains seen last week.
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 |