Energy Market Risk Analysis| Early September 2016

Day-ahead dives to £30

UK Power prices have buckled across all periods over the last fortnight, short-term values crumpling in the wake of a collapse in short-term UK gas prices ─ with Day-ahead diving to a low of £30/MWh ─ and  longer term levels easing as part of a general sell-off across global energy markets.

Short-term crashes towards 7-yr low

Short-term UK gas prices slumped by a further 30% in the second half of August, to their lowest level since October 2009, the bulk of the losses coming right at the end of the month as the market plummeted by a sharp 8 p/th in the face of physical oversupply. A strong but partial rebound was underway at the time of writing, however, as outages in Norway slashed imports and tightened supply.

Energy price shift between 16 August 2016 and 04 September 2016

Elec: -3.33%

Gas: -7.06%

Coal: -1.78%

Oil: -6.67%

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