Wholesale Gas and Electricity prices continued to rise on Monday, due to weather related factors.

Gas: Prices gained throughout the curve yesterday. Early bullishness eased off as we moved into the afternoon with the grid 12mcm over supplied, around lunchtime.   Power: Power prices rose yesterday tracking NBP movements. Cooler temperatures on the continent also helped pressure the prompt.   Oil: Tensions in the Middle East led to early volatility yesterday with suggestions that Israeli attacks in Lebanon killed 2 people, breaking the peace deal. Tensions also grew in Syria with air strikes launched against insurgents.   Carbon (EU ETS): The ICE Dec-24 closed at €68.83/t yesterday. The contract is trading at €68.23/t this morning.   Carbon (UKAs): The ICE Dec-24 finished yesterday at £36.83/t. The contract is currently trading at £36.68/t.

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