Most power and gas contracts rose this week, with a few seasonal contracts and day-ahead power being exceptions. Day ahead gas rose 8.8% to 42.0p/th as lower LNG send-out saw the gas market undersupplied towards the end of the week. Day ahead power dropped 14.2% to average £45.5/MWh as wind generation surged midweek. December 19 gas was up 3.6% at 42.1p/th, and January 20 gas increased 1.7% to 44.3p/th. All seasonal contracts boosted last week, up by 1.7% on average, while both summer 20 and sinter 20 gas increased 2.4% and 1.3% respectively, lifting to 39.6p/th and 49.4p/th. Most seasonal power contracts increased last week up by 1.5%. Summer 20 and winter 20 power contracts climbed 2.5% and 1.5% respectively, rising to £45.4/MWh and £52.5/MWh. Brent crude oil inched up 0.6% to average $62.2/bl with prices changing on varying on mixed reports of US crude inventory levels. EU ETS carbon fell by 2.5% to €23.8/t as price changes and activity was minimal again this week as the EU parliament will vote on whether to declare a climate emergency. API 2 coal prices reversed last week’s gains, rising 0.8% to $63.7/t.
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 snaphot |