April 2021 Energy Market BriefIn March 2021, the majority of wholesale gas contracts rose with the only exception being day-ahead prices. However, in all cases gas prices remained comfortably above their levels seen at the same time last year.

energy market prices

Annual Gas Prices

Apr21 annual gas prices

Annual Power Prices

Apr21 annual power prices

In March 2021, the majority of wholesale gas contracts rose with the only exception being day-ahead prices. However, in all cases gas prices remained comfortably above their levels seen at the same time last year.

On average, seasonal gas contracts from summer 21 to summer 23 were 2.7% higher in March than in February, with prices broadly ending the month higher than they were at the month’s start.

Power contracts also experienced mixed price movements in March, with losses in day-ahead contracts but gains in longer-dated contracts. Seasonal power contracts up to and including summer 23 rose 4.4% on average in March.

Winter 21 rose 7.1% to £63.21/MWh while summer 21 rose 3.1% to £53.72/MWh. The annual April 21 power contract rose 5.2% to average £58.46/MWh.

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