On Friday wholesale Gas and Electricity prices rose in the near term but were relatively static beyond April 2026 with very minor increases across the board in that period.
| Gas: Gas price movements were mixed at the end of last week. There were gains in the prompt and near curve, as Britain expected a cold weekend and net withdrawals from storage after a delay to LNG from porting due to the high winds from the storm. Near curve prices took influence from rising oil prices. Power: Power prices rose at the end of last week as all underlying markets also increased, pressuring power prices upwards. Temperatures in the prompt are forecast to be 3°C below the norm, increasing demand for heating. Oil: Oil prices rose 2% last Friday, on growing supply concerns linked to increasingly violent protests in Iran and an escalation of attacks between Ukraine and Russia. Carbon (EUAs): The ICE Dec-26 climbed to €89.56/t on Friday. The contract has opened at €89.88/t this morning. Carbon (UKAs): The ICE Dec-26 rose to £69.02/t last Friday. The contract opened at £68.54/t this morning. |
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