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Energy Market ReportsBusiness Energy Market Brief - Jun17

Business Energy Market Brief - Jun17

Nathaniel Taylor

by Nathaniel Taylor 01 June 2017

Report Summary:

Continued losses in power markets

key-market-indicatorsEnergy Market Brief - Jun17

During May, prices continued to fall in the gas and power markets, with all gas contracts experiencing losses and nearly all power contracts following downwards. Brent crude oil, API 2 coal and EU ETS carbon prices also reduced.

In May, day-ahead gas extended losses, down 1.9% to 39.2p/th, the lowest monthly average in eight months.

Seasonal gas prices decreased by an average of 2.5%, following the oil market downwards. Winter 17 gas moved 1.8% lower to 45.7p/th. Summer 18 gas dropped 2.2% to 39.4p/th.

Day-ahead baseload power lost 1.1% to average £41.1/MWh. The month-ahead contract declined 1.8% to £38.4/MWh.

Nearly all seasonal baseload power contracts moved lower and on average decreased by 1.3%. The only exception was summer 20 power which gained 0.2% to £39.3/MWh.