Most power and gas contracts saw gains this week, opposing the trend seen in the previous few weeks. Day-ahead gas rose 8.1% to 20.00p/th ahead of scheduled maintenance to fields on the UKCS at the start of next week. Day-ahead power rose 10.1% to £41/MWh on lower wind generation forecasts at the start of next week. September 20 gas was up 3.1% at 21.24p/th, and October 20 gas increased 5.3% to 24.38p/th. All seasonal gas contracts rose this week, up by 0.8% on average, while winter 20 and summer 21 gas increased 3.3% and 2.7% respectively, lifting to 35.33p/th and 30.82p/th. All seasonal power contracts increased this week, up on average by 1.6%, as winter 20 and summer 21 climbed 2.1% and 2.3% respectively, rising to £47.10/MWh and £41.02/MWh. Brent crude oil prices remained unchanged averaging just over $45.04/bl this week, amid the easing of lockdown restrictions with a slow COVID-19 recovery. Prices have plateaued signalling the end to a near five-month high with some major crude oil producers seeking to limit supply.
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
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