Business Energy Market Brief - May17
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Energy Market ReportsBusiness Energy Market Brief - May17

Business Energy Market Brief - May17

Angie Palmer

by Angie Palmer 08 May 2017

Report Summary:

Falls in near-term gas and power markets

key-market-indicatorsEnergy Market Brief - May17

During April, prices continued to fall in the gas and power markets, with all gas contracts lowering and the majority of power contracts following downwards. In contrast, Brent crude oil and API 2 coal prices increased.

In April, day-ahead gas slipped 2.8% to 39.9p/th, the lowest monthly average in seven months.

Seasonal gas prices moved an average of 0.4% lower. Winter 17 gas declined 0.6% to 46.5p/th. Summer 18 gas fell 0.2% to 40.3p/th. Day-ahead baseload power lost 1.1% to average £41.5/MWh. The month-ahead contract also experienced a loss, down 2.4% to average £40.5/MWh. Seasonal baseload power contracts experienced mixed movements, but on average decreased by 1.6%. Winter 17 power slipped 0.1% to £46.0/MWh.