Prices slip across power and gas markets
Energy Market Brief - Mar17
During February, prices generally decreased across gas and power markets. This was largely a consequence of milder temperatures, which pushed down gas and power demand. By contrast, Brent crude oil, API 2 coal and EU ETS carbon prices increased.
Day-ahead gas slipped by 3.2% during the month to average 51.6p/th, as the weather turned milder. Summer 17 gas fell by 2.7% to average 44.7p/th, while Winter 17 gas was down by 1.5% to an average of 50.2p/th.
Day-ahead baseload power slipped by 7.0% to average £49.5/MWh. The month-ahead contract also experienced losses, down 4.4% to £49.4/MWh.
Most seasonal baseload power contracts decreased, following the gas market lower. Summer 17 power was down 3.7% to an average of £44.1/MWh..