Energy Market Risk Analysis | Early January 2017

Market piles on the Xmas pounds

UK power prices, across all periods, ended 2016 on a strong uptrend ─ as colder weather and a bullish gas market drove levels higher. A weaker pound also contributed, amplifying the influence of gains on oil, coal and Continental electricity markets.

2016 ends on a rally

UK gas prices continued to rally as 2016 ended, boosted by colder weather forecasts, storage fears, production hiccups, a continuing dearth of LNG arrivals, a stronger oil market and increased generator demand in the face of a drop in wind power output.

Energy price shift between 18 December 2016 and 29 December 2016

Elec: +7.09%

Gas: +6.97%

Coal: +2.93%

Oil: +4.71%

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