On Monday wholesale gas and electricity immediate-term prices fell largely because short-term market expectations eased. Especially forecasts of milder weather reduced near-term demand, driving down spot gas prices and pulling electricity prices lower, too.
Price decreases continued into April and October start date contracts.
| Gas: Gas prices fell away yesterday as risk premiums fell out of pricing, due to an easing of tensions between the US and Iran. Losses continued throughout the curve. Power: Power prices were mixed yesterday. Prompt and near curve prices largely tracked downward NBP movement. Upwards movements in carbon prices influenced contracts further out on the curve. Oil: Prices rose yesterday despite a predicted global over supply. Brent crude settled at c.$69/bbl. Carbon (EUAs): The ICE Dec-26 settled at €81.35/t on Friday. The contract has opened at the same level this morning. Carbon (UKAs): The ICE Dec-26 jumped in value yesterday, closing at £57.79/t on Friday. It opened lower this morning at £57.31/t. |
#gas #electricity #businessutilities #businessgas #businesselectricity