Wholesale gas and electricity prices were broadly neutral on Monday, which is a good start to the week.
| Gas: Front month prices gained yesterday, as low wind output and a short linepack forecast pressured the contract. Throughout the rest of the curve, contracts fell in value as the day progressed. This morning, the front month contract is down on last nights close. Power: Prices dropped throughout the curve yesterday. Expected lower demand pressured prompt contracts, whilst out on the curve, losses in benchmark UKA prices were felt in power contracts. Oil: Prices fell yesterday as US trade negotiations continued, with next week’s deadline looming. The trade negotiations are dampening demand at a time when OPEC+ are increasing production. Carbon (EU ETS): The ICE Dec-25 closed at €69.83/t yesterday. Opening at €69.74/t this morning, the contract is currently trading at €69.64/t. Carbon (UKAs): The ICE Dec-25 fell to £48.71/t yesterday. The contract opened at £48.58/t this morning and is trading at £48.75/t at the time of writing. |
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