On Tuesday wholesale Gas and Electricity prices continued to rise in the immediate term. In terms of April / October start dates, prices remained stabile.

Gas: The gas market continued its bullish run in the prompt yesterday. Below average wind generation and cold temperatures are supporting demand for gas. The curve awaits any further US-Iran escalations. Power: Power prices rose in the near curve yesterday, tracking the underlying energy complex. Well below average wind generation of 8.5GWs/day for the remainder of week 3, and 9.3GWs/day for week 4, is keeping demand for gas-fired output elevated.   Oil: Oil prices saw gains of 2% yesterday, as the possibility of disruptions to Iranian oil exports overshadowed the potential increase of supplies from Venezuela.    Carbon (EUAs): The ICE Dec-26 continued its bullish momentum yesterday and rose to €90.74/t. The contract has opened at €90.53/t this morning.   Carbon (UKAs): The ICE Dec-26 continued to rise yesterday, up to £70.90/t. This morning, the contract opened higher at £70.15/t.

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