Movements in gas and power markets varied this week, but generally continue to hold onto the more elevated price points set in recent weeks. In support of this, day-ahead gas rose 3.4% to 166.00p/th, despite much stronger Norwegian gas supply into GB and higher domestic production. Gains on the day-ahead gas contract can however be partially attributed to the continued undersupply of European gas in storage. Day-ahead power fell 58.2% to £138/MWh, with losses driven by significant growth in wind outturn across much of this week, particularly by comparison to previous weeks where outturn has been incredibly low, squeezing supply margins as a result. October 21 gas was up 8.6% at 175.42p/th, and November 21 gas increased 10.1% to 183.37p/th. All seasonal gas contracts boosted this week, up by 9.4% on average, while both winter 21 and summer 22 gas increased 9.4% and 11.2% respectively, lifting to 180.10p/th and 91.99p/th. Seasonal power contracts saw similar movements, up on average by 9.3%, as winter 21 and summer 22 expanded 13.3% and 8.9% respectively, rising to £187.00/MWh and £98.00/MWh.
Baseload electricity | ||
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Forward Curve Comparison
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Peak electricity | ||
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Forward curve comparison
| Annual October 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
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Wholesale price snapshot
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