Wholesale gas and electricity prices rose slightly on Friday but overall ended the week down on the previous week.
If you would like to discuss your individual situation please contact me on 07768 421 901, or do feel free to email me at this address.
| Gas: NBP contracts finished last Friday’s session up on the Thursday’s close. Despite bearish fundamentals, declines in forecasted wind output combined with Norwegian maintenance caused availability concerns, bringing gains throughout the curve. This morning contracts are trading up on last week’s close. Power: Prices rose at the culmination of last week, with near curve prices largely following their NBP counterparts. Despite a week on week decline in wind generation, forecasts are still within seasonal norm. This could limit gas for power demand. Oil: Despite rallying on Friday, benchmark crude prices ended the session down week on week. With economic concerns in the US weakening the USD, making oil cheaper for non-USD currency holders, buying activity picked up. Gains were limited, however, Chinese demand concerns and hopes of a ceasefire between Israel and Hamas put a ceiling on the market. Carbon (EU ETS): The ICE Dec-24 settled on €70.49/t at the end of last week. This morning the contract is trading up again, currently at €70.87/t. Carbon (UKAs): The ICE Dec-24 closed at £40.10/t on Friday. The contract is currently trading at £40.01/t this morning. |
#gas #electricity #businessutilities #businessgas #businesselectricity
