This week, all power contracts reported losses, while price movements in gas contracts were more mixed. Day-ahead gas traded 9.3% lower at 205.00p/th amid lower gas-for-power demand and system oversupply towards the end of the week. All seasonal gas contracts went up this week, rising by an average of 3.9%. Following its gas counterpart, day-ahead power reduced 9.5% to £181.00/MWh, driven by higher wind output at the start of the week but offset marginally by forecasts of lower wind output towards the week’s end. All seasonal power contracts reported losses, down by 3.1% on average. Brent crude rose 1.3% to average $85.02/bl reaching a three-year high on Monday at $86.00/bl. UK ETS carbon lowered 12.2% to £56.95/t, weighed on by higher renewables output across Europe.
Baseload electricity | ||
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Forward Curve Comparison
| Annual April Contract | |
Peak electricity | ||
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Forward curve comparison
| Annual April contract
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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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