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Energy Wholesale Market Review


Energy Wholesale Market Review Week Ending 7th August 2015

Seasonal gas and power contracts followed oil and coal prices lower this week. Winter 15 gas slipped 2.6% to 44.8p/th, hitting a record low of 44.3p/th on Wednesday. Prices were driven by falling oil prices and a drop in prompt contracts, which fed though to the forward curve. Winter 15 power declined 1.1% to £44.5/MWh. The contract followed its gas counterpart down and was weighed on by declining coal prices. Day-ahead gas tumbled 6.5% to a one-year low of 40.8p/th, as falls in gas demand for power generation and a rise in forecast wind output left the system long. In contrast, day-ahead power rose 3.0% to £42.0/MWh. Brent crude oil curtailed 6.2% to average of $50.1/bl, hitting a six-month low of $49.4/bl on Thursday. A decline in Chinese manufacturing activity and a rise US gasoline stocks indicated a lower demand outlook for crude oil. API coal subsided 1.7% this week to average $55.6/t, sliding to $55.3/t on Friday, the lowest price on our records since January 2006.

Electricity Retail - Energy Wholesale Market Review 07.08.2015

Energy Wholesale Market Review Week Ending 7th August 2015.

Written By Graham Paul

Graham Paul

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