The majority of power and gas contracts experienced growth this week. Day-ahead power increased 10.4% to £48.55/MWh, owing to a rise in demand as a result of falling temperatures. The month-ahead contract slipped 0.2% to £49.85/MWh as one of only two power contracts to decline this week. December 20 power rose 0.5% to £50.75/MWh. Summer 21 power moved 3.1% higher to £44.00/MWh, with winter 21 also increasing 2.3% to £50.70/MWh. All gas contracts increased this week, indicative of increased demand experienced across GB and Continental Europe. Day-ahead gas lifted 20.3% to 38.50p/th, with colder temperatures outweighing the impact of an oversupplied system throughout the majority of the week. November 20 gas rose 7.8% to 38.55p/th, with December 20 gas rising 6.6% to 41.00p/th. Summer 21 gas rose 6.4% to 34.75p/th and the winter 21 contract climbed 3.9% to 43.60p/th. Brent crude oil rose 1.6% to average $41.86/bl, gaining momentum from the news US president, Donald Trump left hospital and returned to the Whitehouse, having tested positive for the Coronavirus last week. Similarly, potential supply shortages amid strike action from oil field service workers in Norway has lent support to prices this week. EU ETS gained 0.3% to average €26.63/t, reversing trends seen last week. However, impacts of Brexit on the structure of EU ETS trading continue to loom over the market at present.
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
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