Energy Market Risk Analysis | Early September 2013

Syria fears halt downward price drift

The end of August saw longer-term UK power prices edge higher in line with the gas market in response to the rising threat of military conflict in Syria destabilising the Middle East and a surge in oil prices.
October ’13 Annual gained almost £1/MWh to near £52/MWh, while April ’14 Annual headed towards£53/WMh, before both notched lower as global support for Syrian intervention faltered.
Short-term prices, meanwhile, also rose in the last week of August, on the back of system tightness, with Day-ahead rallying from £46/MWh to almost £50/MWh before slumping.

 

 

Annuals edge up as oil jumps

Although fears of a military strike on Syria have had a strong effect on oil prices – driving them up as much as 6% in the last few days of August, they have had a much more muted effect on gas prices, driving Annuals up by just 1% over the same period, as the two markets remain largely decoupled.

 

Are you interested in receiving regular market reports?

This was just an excerpt. Check the full report sample and REQUEST A CALLBACK or call Nationwide Utilities Energy Brokers on 0800 862 0861 to request our bi-monthly email newsletter containing valuable, detailed and up-to-date information on energy price fluctuations.

 

Energy price shift between 19 August 2013 and 02 September 2013

Elec: +0.9%

Gas: +0.55%

Coal: %

Oil: +3.21%

 

Share/Bookmark this post
This entry was posted in Energy Market Intelligence and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*


4 − two =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>