On Tuesday the wholesale Gas and Electricity market continued on its volatile trend, caused by geopolitical issues.

Like in the past days, the retail market is managing to remain relatively stabile.

Gas: Gas prices continued to soften yesterday after the US commented on “very good and productive conversations” about a resolution in the Middle East. Iran denied any discussions, however in the absence of any major escalation in the conflict, prices continued to fall.    Power: Power prices continued to track the wider energy complex and fell yesterday. Declines in gas and oil influenced prices, while gains in carbon limited further losses.    Oil: Oil prices fell around 4% yesterday after reports that the US had sent Iran a 15-point proposal aimed at ending the war. This raised hopes of a ceasefire and eased concerns over  supply disruptions in the region.    Carbon (EUAs): The ICE Dec-26 rose to €71.22/t yesterday. The contract opened this morning at €71.73/t.    Carbon (UKAs): The ICE Dec-26 closed at £38.91/t last night. Opening this morning at £39.10/t.

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