All contracts increased this week, with the exception of day-ahead power. Day-ahead power decreased 4.5% to £43.75/MWh, owing to increased wind outturn as the week progressed coupled with forecasts of strong wind generation across the weekend. The month-ahead contract (November 20) gained 2.7% to £51.25/MWh. Similarly, December 20 power increased 2.2% to average £52.25/MWh. Countering trends seen in the day-ahead contract, all other seasonal power contracts experienced growth in comparison with the week prior. The majority of gas contracts moved higher this week attributed predominately to a general decline in temperatures as we progress further towards the winter months. As such, day-ahead gas lifted 6.2% to 43.00p/th. November 20 gas rose 8.8% to 44.38p/th, with December 20 gas also rising 9.0% to 46.85p/th. Summer 21 gas lifted 5.6% to 36.87p/th with the winter 21 contract lifting 2.9% to 44.35p/th. Brent crude oil marginally rose this week, seeing an increase of 0.3% to average $42.39/bl. The Brent crude oil price maintained a relatively stable position above $42.00/bl, with conflicting factors such as ongoing supply disruption in Norway and increasing levels of oil in US inventories, preventing major price shifts in either direction. EU ETS carbon dropped by a further 3.2% to average €24.47/t for the week.
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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