On Monday wholesale gas and electricity prices were broadly stable with very slight increases and decreases across the piece.
| Gas: Gas prices rose in the near curve yesterday, but fell in the further out curve. Unplanned outages at Norway’s Dvalin and Visund removed 24mcm/day of capacity from the market. The British system was expected to end the day 3.1mcm short yesterday, further supporting prices. Power: Power prices tracked gains from the wider energy complex yesterday. The unplanned outage at Hartlepool reactor 1 has been extended and is due to return to full capacity by 8 July. Oil: Oil prices were volatile yesterday. Growing geopolitical tension supported prices, with Ukrainian strikes on Russian oil facilities. Petro Ecuador declared a force majeure on its exports due to heavy weather damaging their pipelines. Carbon (EU ETS): The ICE Dec-24 continued to slide yesterday, falling to €67.35/t last Friday. The contract has not yet traded at the time of writing. Carbon (UKAs): The ICE Dec-24 found some support yesterday and rebounded slightly to settle upwards at £45.90/t. The contract has not yet traded today at the time of writing. |
#gas #electricity #businessutilities #businessgas #businesselectricity
