The majority of power and gas contracts decreased this week. Day-ahead contracts were an exception with day-ahead gas jumping 21.7% to 28.0p/th, driven by rising demand amid colder temperatures and weaker wind generation. Day-ahead power lifted 2.9% to £42.2/MWh, with low levels of wind generation expected on Monday. November 2019 gas lost 1.6% to 41.7p/th and December 19 gas dropped 4.3% to 46.8p/th. Seasonal gas contracts fell 4.0% on average with summer 20 gas dropping 4.6% to 42.3p/th. Month-ahead power lifted 0.2% to £49.2/MWh and December 19 power lost 1.3% to £51.7/MWh. Seasonal power prices slipped 1.3% on average. Summer 20 power edged 0.8% lower to £47.3/MWh and the winter 20 contract decreased 1.1% to £54.2/MWh. Brent crude oil rose 0.7% to average $59.1/bl. Prices were pushed higher by news of shutdowns at the UK’s Buzzard oilfield and the Forties pipeline although gains were limited by concerns of slower economic growth in China and news that US crude inventories rose more than expected. EU ETS carbon jumped 8.6% to average €25.0/t, following the agreement of a Brexit deal between the EU and the UK. API 2 coal gained 1.4% to average $68.6/t.
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 snaphot |