Wholesale Gas and Electricity prices dropped off on Wednesday for the immediate term.

April and October start date contracts didn’t see big changes, only showing slight increases.

Gas: Near term prices dropped off yesterday as US LNG started to return to normal send out. Further out on the curve, prices gained as strong recent storage withdrawals lead to the likelihood of summer injections. For today’s price assessment, as of last nights close, please see the table at the bottom of the page. Power: Power prices largely followed NBP movements during yesterday’s session. Forecasts of increased wind output added further pressure on the prompt. Continued downwards movement in benchmark UKA contracts weighed on curve prices.   Oil: Oil prices reached a multi-month high yesterday as the combination of a weak US dollar, supply disruptions and ongoing geopolitical factors made for a bullish days’ trading.   Carbon (EUAs): The ICE Dec-26 closed at €86.54/t. The contract has opened at €85.86/t this morning.   Carbon (UKAs): The ICE Dec-26 fell to £66.76/t yesterday. Opening slightly lower this morning at £66.11/t.

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