The volatility in near-term pricing across gas and power prices was evident this week, with significant gains made, particularly in baseload and peak power contracts. Day-ahead gas rose 1.4% to 225.00p/th, following periods of much colder weather making its way from the continent and across the UK. Day-ahead power jumped 84.8% to £425.00/MWh, with tight system margins expected on Monday amid notably low wind generation. December 21 gas slipped 0.2% to 224.62p/th, and January 22 gas decreased 0.5% to 230.37p/th. Most seasonal gas contracts increased this week, up by 2.9% on average, as summer 22 and winter 22 gas climbed 2.0% and 2.5% respectively, lifting to 110.90p/th and 114.10p/th. All seasonal power contracts rose this week, up on average by 5.3%. Summer 22 and winter 22 gained 3.2% and 7.5% to £114.85/MWh and £122.50/MWh, respectively.
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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