Business Energy Market Brief - Sep17
Market Leading Business
Energy Consultants
Your Trusted Commercial Energy Partners
Energy Market ReportsBusiness Energy Market Brief - Sep17

Business Energy Market Brief - Sep17

Bekki  Poole

by Bekki Poole 04 September 2017

Report Summary:

Commodities hit multi-month highs

key-market-indicatorsEnergy Market Brief - Sep17

A number of gas and power contracts hit multi-month highs in August along with Brent crude oil, API 2 coal and EU ETS carbon prices.

In August, day-ahead gas gained 18.0% to average 42.7p/th, its highest monthly average in six months. On 30 August, the contract reached a six-month high of 46.3p/th.

Seasonal gas prices gained 3.8% on average. Winter 17 gas jumped 5.9% to 47.6p/th, and summer 18 gas moved 4.7% higher to 40.7p/th. All other seasonal gas contracts increased.

Day-ahead baseload power lifted 1.0% to average £43.3/MWh, also its highest monthly average in six months. The month-ahead contract rose 9.3% to £47.9/MWh.

All seasonal baseload power contracts moved higher and on average increased by 3.5%. Winter 17 power climbed 5.0% to £48.6/MWh, and summer 18 power gained 4.2% to £41.4/MWh..