Market Insight and News
UK Power prices softened throughout the month of August after a volatile end to July and the beginning of the month. Power prices remained volatile throughout the month, often
fluctuating in positive and negative territory day on day with large swings in wind and solar generation increasing supply and demand issues on the system.
An increase in demand, coupled with low wind generation led to the need for expensive gas generation to ease the generation gap and leading to bullish prices. Power prices started to soften in line with NBP gas prices and increased nuclear capacity. NBP gas prices also softened over the month despite starting the month in bullish fashion due to a series of Norwegian outages. Gas prices fell further throughout the month as exports to the continent fell and imports of LNG increased to ease any supply and demand concerns. Day-ahead prices saw the most significant decreases over the month with low exports and reduced power demand towards the back of the month being the main contribution.
Current Oil Prices
|ICE Brent||Nov-16||46.69 $/bbl|
|ICE Gasoil||Sept-16||408.75 $/tonne|
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