Gas: Gas prices fell yesterday. Prompt prices fell alongside a 24mcm decline in domestic demand due to the warmer weather. UK storage is currently at 86% capacity, which is 6% lower than the same time last year.
Power: Power prices fell across the curve yesterday shadowing the Gas market. Solar power generation is expected to rise above seasonal norms at 2GWs/day this week.
Crude: Oil prices rose yesterday, continuing its recent climb due to the tightening of supplies from OPEC+. The US federal reserve is expected to leave interest rates at their current rates, softening the $USD, which will make oil cheaper for non-currency holders.
Carbon (EU ETS): The ICE Dec-23 continued to fall to €84.16/t yesterday. Opening at €84.33/t today, the contract has recovered to €84.02/t after hitting a low of €83.65/t at the time of writing.
Carbon (UKAs): The ICE Dec-23 fell to £44.59/t yesterday. The contract has opened at £44.5/t and has continued to soften to £44.15/t at the time of writing.