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Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 20th January 2017

This week most gas contracts experienced gains with higher gas demand amid lower temperatures. However, most near-term baseload power contracts decreased this week, despite higher power demand levels. The majority of seasonal baseload power contracts climbed, following gas prices upwards. Day-ahead gas rose 1.5% week-on-week to 55.3p/th, amid higher than seasonal- normal demand and an undersupplied system. National system gas demand went up 6.2% this week to average 314.7mcm/day, with lower temperatures this week. The month-ahead contract climbed 0.3% to 54.8p/th. Day-ahead baseload power declined 2.2% to £56.0/MWh, despite lower wind generation forecast for Monday. The month-ahead contract (February) went down 2.7% to £54.3/MWh. Brent crude oil prices ended the week on $54.7/bl, a reduction of 1.2% on the previous week. Prices fell amid a stronger US dollar and US Energy Information Administration projections that US shale production would increase by 40,750bl/d in February. API 2 coal prices lost 0.8% to $67.0/t. EU ETS carbon prices went up by 3.2% to €5.2/t. EU ETS carbon prices hit a one-month low of €4.8/t on Monday.

Electricity Retail - Energy Wholesale Market Review 0.01.2017

Energy Wholesale Market Review Week Ending 20th January 2017.

Written By Graham Paul

Graham Paul


EDW House
Radian Court
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Tel: +44 (0)8448 802 489

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