Energy Market Risk Analysis | Early March 2017

High winds help blow prices lower

Windy weather, and an end of the cold snaps that characterised the start of the year, has helped push power and gas prices down in the UK and across Europe over the last fortnight, as supply has been strong in the face of falling demand. Day-ahead, Month-ahead and Year-ahead UK Baseload prices have all tumbled and converged below £45/MWh.  An improving gas supply outlook also contributed.

Annuals slip by up to 5%

UK gas prices, across all periods, have slipped to their lowest levels since mid-December in the face of good physical supplies and increasing supply confidence for the remainder of the winter, amid forecasts that March will be windy, but not cold, and signs of a pick-up in LNG deliveries.

Energy price shift between 16 February 2017 and 05 March 2017

Elec: -1.85%

Gas: -3.37%

Coal: +1.04%

Oil: -0.09%

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