Most power and gas contracts decreased this week, reflecting the movements of the global economy, with the day-ahead contracts as the exceptions. Day-ahead gas rose 6.2% to 24.00p/th, as forecasts of a drop in temperatures saw a rise in expected gas demand. Day-ahead power followed gas and rose 6.8% to £35.15/MWh as forecasts of lower wind generation extended gains. March 20 gas was down 7.3% at 20.85p/th, and April 20 gas decreased 3.3% to 21.11p/th. All seasonal gas contracts declined this week, down by 5.8% on average. Summer 20 and winter 20 gas dropped 6.0% and 5.9% respectively, subsiding to 22.00p/th and 34.38p/th. All seasonal power contracts declined this week, down on average by 4.0%, as summer 20 power decreased 4.7% to £32.75/MWh, while winter 20 power fell 4.4% to £42.15/MWh. Brent crude oil fell 6.5% to average $53.93/bl as prices recorded their largest weekly fall in over 4 years, dropping 10.6% from Monday to Friday. EU ETS carbon lost 3.7% to average €24.04/t this week as prices lost the recent momentum seen in recent weeks, ending the week at €23.33/t. API 2 coal saw further losses this week, falling 3.6% to average $57.19/t.
Baseload electricity | ||
|
| |
Forward curve comparison | Annual October Contract | |
Peak electricity | ||
|
| |
Forward curve comparison | Annual October contract | |
Seasonal power prices | ||
Seasonal baseload power contracts | Seasonal baseload power curve | |
|
| |
Commodity price movements | ||
Oil and Coal | Carbon | |
|
| |
Wholesale price snapshot |