Most power and gas contracts fell this week as temperatures were above seasonal normal levels. Day-ahead gas was an exception and rose 1.0% to 42.40p/th amid lower LNG send-out, while day-ahead power rose 9.0% to £49.60/MWh on a drop in wind generation late in the week. December 19 gas was down 1.3% at 41.55p/th, and January 20 gas decreased 1.5% to 43.57p/th. Most seasonal gas contracts declined this week, down by 1.6% on average, while both summer 20 and winter 20 gas dropped 3.2% and 2.1% respectively, subsiding to 38.32p/th and 48.37p/th. Seasonal power contracts were mixed this week, but fell by 0.2% on average, as summer 20 power decreased 1.1% to £44.88/MWh, while winter 20 fell 0.7% to £52.13/MWh. Brent crude oil rose 1.9% to $63.69/bl as President Donald Trump flared tensions with China as he signed a bill backing Hong Kong protesters. China has threatened to retaliate, ensuring the US that it would take “firm countermeasures”. EU ETS carbon gained 3.8% to €24.73/t as the EU parliament declared a climate and environmental emergency this week, while API 2 coal climbed 0.5% to $63.99/t.
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 | |
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 snaphot |