There were further noticeable drops in the wholesale markets for both gas & electricity on Wednesday as the rebalancing TPG have been forecasting continues to pass.
While prices aren’t back where we’d like them to be we are seeing contracts coming down in to the 20p/21p/kWh range for electricity at retail
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: NBP contracts fell again throughout the curve yesterday, with perhaps some profit taking and price correction being the cause. Forecasts of strong wind generation today curbed gas for power demand, however, wind generation is expected to fall off as we move through the weekend and into next week. Power: Power prices fell yesterday, with NBP losses being reflected in the near curve. Wind generation is expected to drop off over the next couple of weeks, whilst temperatures are expected to improve leading to potential increases in spot prices. Oil: Oil prices fell day on day yesterday as new data was released into the market. The latest economic data to come out of the US looks to show less energy demand. Carbon (EU ETS): The ICE Dec-24 closed at €72.14/t yesterday, a fall of ~€1/t on the previous close. This morning the contract is trading up again, currently at €72.30/t. Carbon (UKAs): The ICE Dec-24 closed at £40.55/t yesterday, slightly down day on day. The contract last traded at £40.60/t this morning. |
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