Gas inflates prices, as Trump’s talk boosts Asia
The Haven Power market report – keeping you up to date with last week’s energy market changes:
Here’s a summary of the week:
- Prices for day-ahead baseload delivery returned to relative normality last week, as milder weather returned and wind output had more of an influence.
- Lower day-ahead and prompt prices allowed the return of gas to the UK fuel mix, pushing out coal-fired generation.
- The Summer-18 baseload contract was trading at a 3-year high, as the risk premium from week 9 filtered down to the far curve and higher Brent Crude costs also pushed up prices.
- The proposed meeting of US President Trump and North Korea’s Kim Jong Un strengthened Asian stock markets and possibly influenced seasonal contracts.
The report’s particularly relevant if you’re buying electricity flexibly, or about to sign or renew a fixed electricity contract. Getting these decisions right can reduce your vulnerability to price-peaks in the wholesale market and save you money.
For the details – and our weekly analysis of day-ahead power, imbalance prices, renewable power, seasonal contracts and annual power – simply check out the Haven Power website for the full market report.
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