Wholesale gas and electricity prices jumped markedly on Wednesday, jolting us out of the false sense of security we had gotten into. Hopefully, this is just a short-term blip and the downward momentum or stability will return next week
| Gas: NBP prices rallied yesterday as demand increased. Linepack was forecast to be short upon close further supporting prices. Early trading this morning is up on last night’s close. Power: Power prices followed their NBP counterparts yesterday, with gains throughout the curve. Prompt prices were further supported by low solar output and fluctuating wind forecasts. Carbon (EU ETS): The ICE Dec-25 rose to €71.29/t yesterday. The contract opened at €71.43/t this morning and has since dropped in value, currently trading at €71.12/t. Carbon (UKAs): The ICE Dec-25 fell to £50.83/t yesterday. The contract opened at £50.91/t this morning and is currently trading at £50.89/t. |
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