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Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 25th September 2015

Seasonal power and gas contracts slipped to record lows this week as bearish trends continued. Long-term gas contracts fell across the board with winter 15 gas down 1.4% to 42.8p/th, hitting a contract low of 42.7p/th on Tuesday. Confidence that LNG supplies will continue to increase has further weighed on gas prices. Seasonal power contracts followed lower, with winter 15 power sliding 0.7% to £43.25/MWh, reaching a fresh low of £43.2/MWh on Tuesday. Day-ahead gas prices were relatively unchanged, declining 0.1% to 41.0p/th, despite restricted Norwegian flows and higher gas demand supporting prices. Its baseload power counterpart dipped 0.9% to £42.7/MWh as lower demand and higher wind output later in the week suppressed prices. API 2 coal fell 1.9% this week to average $50.0/t, ending the week at $49.6/t, as contracting Chinese demand pulled prices lower. In contrast, Brent crude oil rose 0.2% to average $48.4/t, despite a turbulent week of price fluctuations.

Electricity Retail - Energy Wholesale Market Review 25.09.15

Energy Wholesale Market Review Week Ending 25th September 2015.

Written By Graham Paul

Graham Paul


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