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

Energy Wholesale Market Review

Energy Wholesale Market Review Week Ending 21st January 2022

This week represented a relatively mixed picture for gas and power price movements, but slightly favouring a more bearish outlook overall, particularly on front-month and longer dated seasonal contracts more specifically. In support of this bearish sentiment, day-ahead gas fell 13.8% to 187.0p/th, following periods of increased Norwegian gas flows into the UK, softening an on-going tight gas supply picture between Europe and the UK at present. Day-ahead power represented the comparable outlier, rising 14.0% to £272.5/MWh, a second consecutive week of price growth, driven primarily by lowering wind outturn tightening system margins and higher trending demand. February 22 gas was down 13.9% at 186.3p/th, and March 22 gas decreased 13.4% to 185.3p/th. Most seasonal gas contracts declined this week, down by 4.4% on average, while both summer 22 and winter 22 gas dropped 6.4% and 6.4% respectively, subsiding to 163.4p/th and 170.9p/th. The majority of seasonal power contracts also saw losses this week, down on average by 2.3%, as summer 22 power decreased 3.4% to £158.5/MWh, while winter 22 fell 4.0% to £167.0/MWh.

Wholesale price snapshot

Energy Wholesale Market Review Week Ending 21st January 2022.

Written By Graham Paul

Graham Paul


EDW House
Radian Court
Milton Keynes
Tel: +44 (0)8448 802 489
Email: info@edwtech.com

Contact Us