Less volatility yesterday but still increases in the wholesale prices.
W24 is still sticking out like a sore thumb so we do expect that to drop over time, but maybe not until much nearer the time.
Gas: Gas prices continued to rise throughout most of the curve following the Chevron LNG strikes. Norwegian maintenance has removed 162mcm/day of supplies, further increasing bullish momentum.
Power: Power prices continued to track the Gas market yesterday. Wind generation has averaged 6.7GWs/day throughout August, 1.4GWs/day above the previous four year average.
Crude: Oil prices were volatile yesterday, initially rallying in the morning, before settling mid-day and rising again in the afternoon. Hurricane Idalia caused concerns around supplies before the holiday weekend.
Carbon (EU ETS): The ICE Dec-23 rose to €86.24/t yesterday. Opening at €86.04/t, the contract is currently trading higher at €86.56/t.
Carbon (UKAs): The ICE Dec-23 closed at slightly lower at £47.21/t yesterday. The contract has yet to begin trading at the time of writing.