On Thursday, wholesale gas and electricity prices were broadly stable, albeit the changes that happened did move prices ever so slightly up.
On the generation front, renewables accounted for 45% of generation in the past week which lead to the generated price staying low at £48.57/MWh which is good news.
At the retail level, increases that we had seen, have started to drop back and for credit worthy business in the right sectors we expect pricing to be below 20p/kWh and around 5p/kWh for gas.
If you would like to discuss your individual situation please contact me on 07768 421 901, or do feel free to email me at this address.
| Gas: Gas prices rose yesterday following gains in the carbon market and potential supply disruptions in the Middle East. The UK expects to receive two LNG cargoes by the start of September. Power: Power prices increased yesterday following bullish gas in the near term and rising carbon prices in the longer-term contracts. Oil: Oil prices increased yesterday as the market awaits the Iranian retaliation which is causing supply disruption fears. Investors anticipate the US cutting their interest rates in September. Carbon (EU ETS): The ICE Dec-24 settled upwards at €72.11/t yesterday. The contract is currently trading downwards at €72.53/t this morning. Carbon (UKAs): The ICE Dec-24 rose to £40.56/t at the end of yesterday’s session. The contract is currently trading at £40.75/t this morning. |
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