Prices continued to rise on Thursday with gas again outstripping energy increases.

Contract prices are still hovering around 25p for energy and 5p/6p for gas – as always heavily caveated with the warning on both sector and credit.

On the generation front wind remained stubbornly below 30% last week

Wishing you all a good weekend

Gas: NBP contracts continued to gain momentum yesterday, buoyed by predictions of UK gas demand rising above seasonal norms today. Contracts have also been raised to try and attract LNG cargo, with no deliveries currently anticipated in the UK before the end of the month. So far this morning, near curve contracts have seen further gains.  Power: Power prices gained throughout yesterday’s session, supported by rising NBP contracts. Fluctuations in carbon markets helped constrain contract movements further out on the curve. For today’s price outlook, please see the table below.  Crude: Oil prices saw a marginal increase yesterday. US inventory data showed that stock levels did not drop as far as expected. Elsewhere, market fundamentals stifled any serious gains. Carbon (EU ETS): The ICE Dec-23 contract rose to €90.52/t yesterday. The contract opened at €91/t today and has since risen to €91.24/t at the time of writing.  Carbon (UKAs): The ICE Dec-23 saw losses yesterday, closing at £48.44/t. Today the contract opened higher at £48.79/t but has since fallen back to £48.25/t.  Gas: NBP contracts continued to gain momentum yesterday, buoyed by predictions of UK gas demand rising above seasonal norms today. Contracts have also been raised to try and attract LNG cargo, with no deliveries currently anticipated in the UK before the end of the month. So far this morning, near curve contracts have seen further gains.  Power: Power prices gained throughout yesterday’s session, supported by rising NBP contracts. Fluctuations in carbon markets helped constrain contract movements further out on the curve. For today’s price outlook, please see the table below.  Crude: Oil prices saw a marginal increase yesterday. US inventory data showed that stock levels did not drop as far as expected. Elsewhere, market fundamentals stifled any serious gains. Carbon (EU ETS): The ICE Dec-23 contract rose to €90.52/t yesterday. The contract opened at €91/t today and has since risen to €91.24/t at the time of writing.  Carbon (UKAs): The ICE Dec-23 saw losses yesterday, closing at £48.44/t. Today the contract opened higher at £48.79/t but has since fallen back to £48.25/t.