This site uses cookies. You can read how we use them in our cookie policy. To remove this message Accept & Close.

EDW Technology Logo
Phone us on:
+44 (0)8448 802 489

Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 26th September 2014

Power and gas prices were mixed this week, with an undersupplied gas system leading to bullish spot gas price trends and resurgent wind output helping power contracts fall. Day-ahead gas rose 2.5% to 50.5p/th, a three-week high, as undersupply continued following extensions to Norwegian gas field outages. Despite a high proportion of gas in the generation mix, day-ahead power fell as a four-week high for wind output pulled the contract down to £42.4/MWh. Long-term contracts were also mixed, as higher power demand forecasts pushed annual October 14 power up 0.4% to £50.2/MWh, while a bearish gas market outlook for Q4 helped annual October 14 gas down 0.2% to 57.3p/th. Further falls in coal typified wider commodity trends, as the annual contract fell 1.7% to a new four-year low of to $75.4/t amid fears of further oversupply in the market. Brent crude oil prices declined 0.7% to a two-year low of $96.8/bl, while EU ETS carbon prices hit a 10-week low of €5.7/t as rumours emerged of a voting delay for proposed market reforms.

Energy Wholesale Market Review Week Ending 26th September 2014

Written By Graham Paul

Graham Paul


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

Contact Us