On Wednesday Gas and Electricity prices continued to drop and are now down week on week.
October contracts for both Gas and Electricity still represent better value than April starts with the spread from 1-3 years being greater on April contracts than on October ones.
| Gas: Gas contracts fell in value yesterday with a potential peace deal between Russia and Ukraine driving prices down. Forecasts of milder temperatures, as we move into December, pressured the front month. . Power: Most power prices fell in value yesterday following the losses in NBP contracts. Milder temperatures and stronger wind forecasts for week 49 pressured corresponding prompt contracts. Oil: Oil prices fell yesterday with the market factoring in renewed efforts for peace between Russia and Ukraine. The front month closed c.$63/bbl. Carbon (EU ETS): The ICE Dec-25 closed at €80.66/t yesterday. The contract opened today at €80.85/t. Carbon (UKAs): The ICE Dec-25 finished trading at £57.11/t yesterday. Opening, this morning, at £52.05/t. |
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