Business Energy Market Brief - Jan17
Market Leading Business
Energy Consultants
Your Trusted Commercial Energy Partners
 
Energy Market ReportsBusiness Energy Market Brief - Jan17

Business Energy Market Brief - Jan17

Kiran Jutti

by Kiran Jutti 08 January 2017

Report Summary:

Prices fall in day-ahead power markets

key-market-indicatorsEnergy Market Brief - Jan17

Day-ahead peak power dropped by 38.3% to average £56.4/MWh in December, the largest monthly loss since at least 2011. Meanwhile, day-ahead baseload power fell by 26.3% to average £48.9/MWh, the first monthly loss since August. On Friday 23 December, the contract reached £44.0/MWh, an 11-week low, with low demand levels over the Christmas holiday period. There was little influence from the French power market, which has driven movements in the UK market in recent months.

In December, day-ahead gas slipped 3.9% to average 46.5p/th. On Thursday 8 December, the contract reached an eight-week low of 41.9p/th, amid demand below the seasonal norm.

Seasonal gas prices remained relatively unchanged in December, gaining only 0.1% on average. Winter 17 gas experienced the largest rise, up 0.5% to average 48.1p/th. By contrast, summer 17 gas lost 1.0% to average 42.4p/th.