All gas and power contracts decreased week-on-week reversing recent trends of sustained upwards price movements. Contracts were weighed on as EU ETS carbon fell from a 10-year high of €25.8/t on 10 September to below €19.0/t towards the end of the week as hedge funds and speculators exited positions and traders chased short-term profits. Prices recovered to end the week at €20.3/t and average EU ETS carbon prices rose for the twelfth consecutive week, increasing 9.9% to €23.2/t. Day-ahead gas prices fell 4.0% to 71.5p/th amid comfortable supplies and October 18 gas ended the week down 4.6% at 70.6p/th. Day-ahead power prices lowered 4.2% to end the week at £66.6/MWh, with the contract weighed on by a significant rise in wind generation following recently low output. October 18 power fell 4.3% to £67.3/MWh. All seasonal gas and power contracts decreased week-on-week, despite hitting fresh highs on our records towards the start of the week. Seasonal gas contracts fell 2.2% on average with winter 18 gas decreasing 3.5% to 76.5p/th. Seasonal power contracts declined 3.0% on average, with winter 18 power down 3.4% to £71.3/MWh. The weekly average Brent crude oil price rose for the fourth consecutive week, gaining 0.3% to average $78.2/bl, up from $77.9/bl. Prices hit a fresh three-and-a-half year high of $80.0/bl on 12 September. API 2 coal rose 1.8% to average $95.9/t this week.
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 |