Wholesale gas and electricity prices continued their see-saw and rose markedly on Monday. We expect the volatility to continue, and therefore the timing of contract signature is key at present.
| Gas: Demand helped push prices higher yesterday. Wind forecast revisions brought further support whilst imports into Easington dropped by 8.1mcm. Early trading is down on last night’s close. Power: Prices gained yesterday as low wind and higher temperatures impacted prices. Movements in NBP prices were reciprocated throughout the power curve. Oil: All eyes are on talks between Russia and the US this week over Russia’s war with Ukraine. The front month contract is trading around $65.17/bbl. Carbon (EU ETS): The ICE Dec-25 fell to €72.37/t during yesterday’s session. The contract opened at €72.18/t this morning and is currently trading at €72.04/t. Carbon (UKAs): The ICE Dec-25 settled at £51.98/t yesterday. The contract opened at £51.75/t today and trading at £51.70/t at time of writing. |
#gas #electricity #businessutilities #businessgas #businesselectricity