Most power and gas contracts fell this week, with only the day-ahead gas contract as the exception. Day-ahead gas rose 6.5% to 28.75p/th, following higher industrial consumption on return from the festive season. Day-ahead power fell 1.0% to £34.00/MWh with high wind generation throughout the week. February 20 gas was down 6.5% at 32.01p/th, and March 20 gas decreased 4.7% to 31.61p/th. All seasonal gas contracts declined this week, down by 3.5% on average, as summer 20 and winter 20 gas dropped 5.0% and 4.0% respectively, subsiding to 30.00p/th and 43.67p/th. All seasonal power contracts declined this week, down on average by 3.6%, as summer 20 power decreased 7.3% to £39.40/MWh, while winter 20 fell 3.8% to £49.20/MWh. Brent crude oil rose by 0.9% to $67.50/bl as the US strike on Baghdad airport saw prices shoot up by $2.28/bl on Friday 3 January, on concerns that this could cause disruption to Middle Eastern oil supplies. EU ETS carbon slipped by 3.8% to €25.25/t as prices continued to suffer on low trading volumes after the festive period. Prices began the new year trading at €24.59/t, lower than at the end of 2019. API 2 coal lost 0.1% to average $56.80/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 | Carbon | |
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Wholesale price snapshot |