A mixed week for the GB energy market saw losses and gains in various gas and power contracts. Day-ahead gas remained at 13.25p/th despite supply concern following a maintenance period on the Nord Stream pipeline. Day-ahead power rose 1.6% to £31.25/MWh as forecasts of lower wind generation throughout the week looked to support prices. August 20 gas was down 2.5% at 13.43p/th and September 20 gas decreased 9.0% to 15.16p/th. Seasonal gas contracts saw mixed direction this week, ultimately rising by 0.1% on average; the winter 20 gas contract dropped 1.8% to 33.53p/th, while summer 21 gas increased 0.2% to 31.38p/th. Most seasonal power contracts declined this week, down on average by 1.2% as winter 20 power decreased 1.5% to £45.81/MWh, while summer 21 fell 1.4% to £41.4/MWh. Brent crude oil prices held steady this week, averaging $43.01/bl. The markets remain uncertain over future demand for the commodity, with the fears of a second wave of coronavirus potentially limiting future growth in the oil contract. EU ETS carbon prices saw volatile movement this week, reaching a 14-year high of €30.57/t on 13 July, driven by supportive changes to weather and rallying European equity markets.
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 |