Gas and electricity prices were broadly stable on Friday, consolidating the reductions seen at the beginning of the week.
| Gas: Gas prices softened at the end of last week. Prompt prices fell as wind generation is expected to generate an average of 7.2GWs/day over this week. Curve prices were dragged down in line with the bearish near curve. Power: Power prices were mixed at the conclusion of last week. An unplanned outage at Hartlepool 2 and a strengthening carbon market provided bullishness for power prices. Solar generation is expected to average 3GWs/day this week, which is higher than average. Oil: Oil prices closed upwards at the end of last week. Prices strengthened as President Trump entered discussions with China and Canada, providing positive sentiment for the market. Carbon (EU ETS): The ICE Dec-25 rose to €73.50/t by the end of the session on Friday. The contract opened at €73.85/t this morning, and is currently trading at €73.35/t. Carbon (UKAs): The ICE Dec-25 traded flat at the conclusion of last week, settling at £50.40/t. The contract has continued to trade flatly this morning and is currently trading at £50.45/t. |
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