Energy Market Brief – April 2019
Day-ahead gas and power at 20 and 18-month lows
All wholesale power and gas contracts fell further in March as comfortable gas supplies continued and above seasonal normal temperatures eased gas and power demand.
In this Energy Market Brief, we look at the day-ahead power declined 10.4% in March to average £45.0/MWh, with the contract ending the month at an 18-month low of £42.0/MWh. Prices followed the gas market lower, with periods of high wind generation amid storm Freya and storm Gareth also pressuring prices. All seasonal power prices dropped in February, falling 4.4% on average. Summer 19 power slid 8.1% to average £45.7/MWh and declined as low as £42.8/MWh on 29 March, a one-year low.
All wholesale power and gas contracts fell further in March as comfortable gas supplies continued and above seasonal normal temperatures eased gas and power demand.
Day-ahead power declined 10.4% in March to average £45.0/MWh, with the contract ending the month at an 18-month low of £42.0/MWh. Prices followed the gas market lower, with periods of high wind generation amid storm Freya and storm Gareth also pressuring prices. All seasonal power prices dropped in February, falling 4.4% on average. Summer 19 power slid 8.1% to average £45.7/MWh and declined as low as £42.8/MWh on 29 March, a one-year low.
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