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Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 10th September 2021

Despite some Friday-on-Friday downward movements in day-ahead contracts, gas and power contracts have generally held onto the significant and unseasonably highs set across recent months. In support of this, day-ahead gas rose 4.3% to 138.75p/th, aided by periods of system undersupply and lowering wind output calling for higher gas-for-power demand. Day-ahead power fell 28.8% to £171/MWh, but remained high. Higher price points set in gas markets have supported power markets, combined with low wind outturn in the week and tighter system margins. As of 8 September, a new day-ahead baseload power record high was set, reaching £285/MWh. October 21 gas was up 6.2% at 140.93p/th, and November 21 gas increased 6.8% to 145.59p/th. All seasonal gas contracts boosted this week, up by 4.0% on average, while both winter 21 and summer 22 gas increased 7.2% and 5.4% respectively, lifting to 143.83p/th and 79.60p/th. Seasonal power contracts saw similar movements, up on average by 5.6%, as winter 21 and summer 22 expanded 8.0% and 4.4% respectively, rising to £138.00/MWh and £86.00/MWh.

Wholesale Price Snapshot

Energy Wholesale Market Review Week Ending 10th September 2021.

Written By Graham Paul

Graham Paul


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