The majority of power and gas contracts decreased this week. Day-ahead contracts were an exception with day-ahead gas jumping 7.5% to 30.0p/th, driven by rising demand amid a drop in temperatures and weaker wind generation. Day-ahead power gained 4.9% to finish the week at £44.3/MWh following gas prices higher. November 2019 gas lost 2.6% to 40.6p/th and December 19 gas dropped 5.6% to 44.1p/th. Seasonal gas contracts fell 1.7% on average with summer 20 gas dropping 3.5% to 40.8p/th. November 19 power dropped 2.8% to £47.9/MWh while December 19 power fell 3.8% to £49.7/MWh. Seasonal power prices slipped 1.5% on average. Summer 20 power fell 2.5% to £46.1/MWh, winter 20 contract lost 1.4% to £53.4/MWh Brent crude oil rose 1.9% to average $60.0/bl, as US stocks saw an unexpected decline early last week. US-China trade talks and the global declining economy are acting as opposite drivers. OPEC cuts resulting in lower stockpiles could drive prices up in the coming months. EU ETS carbon increasing 1.3% to average €25.3/t. Prices still supported by the agreement of a Brexit deal between the EU and the UK. API 2 coal prices dropped 2.3% to average $67.0/t.
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
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Wholesale price snaphot |