The majority of baseload power and gas contracts increased this week. Day-ahead gas was an exception and remained the same at 32.50p/th, following well balanced supply and demand. Day-ahead power fell 13.4% to £36.45/MWh, with prices driven down by rising wind generation towards the end of the week. January 20 gas was down 0.1% at 36.35p/th, and February 20 gas decreased 0.6% to 36.95p/th. Most seasonal gas contracts rose this week, up by 4.8% on average, while both summer 20 and winter 20 gas increased 1.7% and 4.1% respectively, lifting to 33.69p/th and 46.00p/th. All seasonal power contracts lifted this week, up on average by 3.4%, as summer 20 and winter 20 climbed 1.8% and 2.2% respectively, rising to £42.15/MWh and £50.80/MWh. Brent crude oil rose by 2.4% to $65.80/bl, amid expectations of increased global demand in 2020. EU ETS carbon gained by 2.6% to €25.58/t. Similar to the oil market, carbon prices also reached a three-month high during the week, hitting €26.55/t on 19 December. API 2 coal decreased 1.7% to average $58.70/t. On 20 December, prices fell to $57.65/t, their lowest level since mid-September 2016.
Baseload electricity | ||
|
| |
Forward curve comparison | Annual October Contract | |
Peak electricity | ||
|
| |
Forward curve comparison | Annual October contract | |
Seasonal power prices | ||
Seasonal baseload power contracts | Seasonal baseload power curve | |
|
| |
Commodity price movements | ||
Oil and Coal | Carbon | |
|
| |
Wholesale price snapshot |