Wholesale Gas and Electricity prices dropped further on Wednesday, although the recent wholesale changes have had limited impact at a retail level.
| Gas: Gas prices fell yesterday, with an increase in wind generation leading to less demand for gas-fired generation. This led to the linepack being oversupplied. Power: Power prices fell yesterday following a strong wind output of 9.6GWs in the prompt. Further out prices felt the bearish pressure of declining carbon prices. Oil: Oil prices fell yesterday after bearish data from the EIA showed a build-up of crude inventories. Carbon (EU ETS): The ICE Dec-24 returned to declines yesterday and fell to €66.93/t. The contract is currently trading at €66.96/t. Carbon (UKAs): The ICE Dec-24 fell to £45.98/t. The contract is currently trading at £46.10/t. |
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