Gas and power contracts saw mixed movements this week, following the strong gains made last week. Day-ahead gas fell 5.6% to 13.45p/th, following lower gas demand towards the end of the week amid high temperatures and strong renewable output. Day-ahead power fell 6.8% to £27.25/MWh on strong wind generation forecasts for the early parts of next week. July 20 gas was down 5.6% at 13.55p/th and August 20 gas decreased 5.5% to 13.87p/th. All seasonal gas contracts declined this week, down by 1.7% on average. Winter 20 and summer 21 gas dropped 0.4% and 1.9% to 32.33p/th and 29.73p/th, respectively. Seasonal power contract movements were mixed slipping 0.1% on average. The winter 20 and summer 21 baseload contracts rose 1.2% and 0.1% respectively, rising to £44.71/MWh and £39.65/MWh. A week of volatile movements in the oil market saw Brent crude oil prices rise by 3.3% to average $41.98/bl, despite significant losses in the middle of the week. The EU ETS carbon price saw some volatility this week, ultimately reaching a 4-month high of €25.32/t on 25 June on stronger demand.
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 |