Wholesale Gas and Electricity prices spiked on Tuesday with continued volatility, following Friday’s increases and Monday’s drops.
| Gas: Gas prices rose yesterday, as the curve influenced the prompt. Uncertainty surrounding a Ukraine pushback on the Ukraine/Russian peace deal and a Russian attack on Ukrainian gas infrastructure saw prices rise. Power: Power prices tracked the gas market yesterday and rose alongside it. In the prompt, a lower wind output of 12.1GWs supported price gains. Oil: Oil prices continued to fall yesterday. Prices fell by 1% as traders focused on Ukraine peace talks and US Federal policy to reduce interest rates. Carbon (EUAs): The ICE Dec-25 rose to €82.85/t. The contract opened higher today at €82.59/t. Carbon (UKAs): The ICE Dec-25 rose to £56.20/t yesterday. The contract opened at £56.02/t today. |
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