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Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 17th October 2014

Gas and power prices fell this week in both long and short-term markets. Long-term contracts were pulled down by continuing decreases in coal and oil as a result of waning demand. Compared to last week, the annual April 15 gas contract fell 1.0% to 57.2p/th. On the day-ahead market, prices continued to fall on the back of rising imports and the expectation of warmer weather towards the end of the week. Day-ahead baseload power dipped 3.2% to £43.7/MWh. Clean spark spreads and clean dark spreads fell this week as gas and coal prices fell faster than power. Clean spark spreads dropped 0.8% to £6.6/MWh while clean dark spread fell 1.4% to £19.9/MWh. Month-ahead Brent crude oil dropped to a four year low of $85.8/bl, pulled down by the global supply glut and an indication from Opec that it is unlikely to reduce production. In contrast to the falls, carbon prices increased to €6.1/t on expectations that EU leaders may agree on the content of the EU 2030 climate and energy framework at the end of October.

Retail Electricity Energy Wholesale Market Review 17.10.2014

Energy Wholesale Market Review Week Ending 17th October 2014

Written By Graham Paul

Graham Paul


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

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