Wholesale Gas and Electricity prices were broadly neutral on Thursday, with small increases in all periods.
As far as the generation is concerned, the last week saw renewables at 29.3% of total UK electric generation, pretty much on a par with fossil fuels at 29%.
Wind contributed 19% with solar at 9%, and Hydroelectric making up the balance. The average price last week was £67.16/MWh.
At a retail level the market is stable at the moment, and we remain hopeful that prices will drop.
| Gas: Gas prices pushed up across the curve yesterday, as prompt supply concerns and higher oil prices weighed heavily on the market. Power: Power prices moved higher, driven by gas prices and reduced renewable supply over the next few days. Prices have continued to push higher this morning. Oil: Due to a technical issue no oil prices are available this morning. Carbon (EU ETS): The ICE Dec-24 traded to €69.50/t yesterday. This morning, the contract opened at a similar level. Carbon (UKAs): The ICE Dec-24 gained yesterday, settling at £39.69/t. Opening lower this morning, trading at £39.60/t. |
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