Wholesale gas and electricity prices rose again on Thursday as a result of continued limited gas supply from Norway and electricity supply from France.
At retail, charges are broadly stable and have been for the past two weeks. On the generation front, fossil fuels were the dominant source in the past week although renewables were a very small amount behind. This was reflected in the pricing at £71.60 per MHw.
| Gas: Gas prices rose yesterday, following an increased demand for gas-fired generation as wind forecasts fell. Maintenance continues on the Norwegian continental shelf, limiting supplies. Power: Power prices rose yesterday following increases in the gas market. The UK-France interconnector continues to operate at a reduced capacity until further notice. Oil: Oil prices dipped yesterday on the mixed signals of a weakening US growth forecast, and the likelihood of interest rates being cut in September. Carbon (EU ETS): The ICE Dec-24 closed at €66.44/t yesterday. The contract is currently trading lower at €65.94/t this morning. Carbon (UKAs): The ICE Dec-24 settled slightly upwards at £41.13/t yesterday. At the time of writing this morning, the contract is trading at £41.29/t. |
#gas #electricity #businessutilities #businessgas #businesselectricity
