Energy Market Risk Analysis| Mid September 2016

Day-ahead spikes to £160

Short-term UK Power prices rocketed mid-September, with Day-ahead spiking to £160/MWh, understood to be a ten-and-a-half year high, as a sudden slew of power station outages and a sharp drop in wind levels squeezed supply, while demand was boosted by strong cooling demand as temperatures hit their highest level this year in many parts of the country. Supply fears spilled across the coming months, pushing up October, Q4 ’16 and Winter prices in particular, while all Annuals also nudged higher.

Short-term volatile; Annuals firm

Short-term UK gas prices have had a very volatile fortnight, with Day-ahead swinging between 20.5 p/th to 31 p/th, while longer term prices, after first drifting lower, have started to firm over the last few days.

Energy price shift between 04 September 2016 and 18 September 2016

Elec: +1.28%

Gas: +0.82%

Coal: +0.34%

Oil: +0.41%

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