Most power and gas contracts decreased this week, with day-ahead contracts the exceptions. Day-ahead gas rose 41.6% to finish the week at 40.0p/th, following a forecast drop in temperatures, while day-ahead power gained 13.1% to £44.4/MWh as wind generation dropped mid-week. December 19 gas was up 0.4% at 42.8p/th, and January 20 gas decreased 0.5% to 45.0p/th. All seasonal gas contracts declined this week, down 0.5% on average. Summer 20 gas dropped 0.9% to 39.3p/th and winter 20 gas declined 0.3% to 49.5p/th. All seasonal power contracts declined further this week, going down 0.7% on average. Summer 20 power fell 0.6% to end the week at £45.4/MWh, while the winter 20 contract slipped 0.5% to £52.8/MWh. Brent crude oil gained 2.2% to average $62.3/bl this week, following the shutdown of the Keystone pipeline after an oil spill. Delegates from OPEC this week have said that the organisation is more likely to encourage members to comply more fully with existing agreements to pledge to cut supplies by 1.2mn bpd. EU ETS carbon reversed last week’s gains, losing 1.4% to €25.2/t, amid weak auction results and waning German economic data. API 2 dropped 1.7% to average $64.1/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 snaphot
|