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Helping you make sense of the energy and water sectors

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Energy Market Bulletin

Issue 17/02

Headlines

Tim Dixon Team Lead

Summary – Wholesale power and gas contracts up to, and including, summer 20 extended their losses last week, while prices further along the curve rose. UK day-ahead gas prices hit a fresh five-month low of 20.60p/th as high wind generation saw a drop in gas-for-power demand. Day-ahead power was also supressed by high wind output, dropping to as little as £26.15/MWh on 14 February, the lowest on our records going back to 2008.

In contrast, seasonal power and gas contracts were up on average by 1.1% and 1.4%, respectively.

LNG prices extended their all-time lows, providing further pressure to the GB gas market amid high import levels. While, the oil and carbon markets appeared to be relatively steady and even showed some gains.

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