The majority of gas and power contracts marked consecutive weekly losses, with some near-term contracts as exceptions. Day-ahead gas fell 2.3% to 13.00p/th as a result of continuous low levels of national demand this week. Day-ahead power rose 11.1% to £35.00/MWh, supported by falling wind generation forecasts. August 20 gas was up 13.0% at 15.65p/th and September 20 gas increased 27.8% to 19.04p/th. All seasonal gas contracts declined this week, down by 2.8% on average, while both winter 20 and summer 21 gas dropped 1.3% and 3.4% respectively, subsiding to 31.47p/th and 28.21p/th. Seasonal power contracts dropped 2.0% on average this week. Winter 20 power lifted 0.4% to £44.72/MWh, while summer 21 power fell 1.9% to £39.00/MWh. Despite some minor volatility midweek, Brent crude oil prices held fairly steady to average $43.44/bl this week, 1.0% lower than the previous week. The largest driver of oil prices continues to be COVID-19, with the markets recently reacting bearishly to a rising number of cases around the world. EU ETS carbon dropped again this week, as weak demand in EUA auctions saw prices move 4.0% lower to €25.84/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 |