Marketing reports - Electricity

LIVE GRAPH electricity price evolution

Please use the graph below to select your date range(s) to and from. You can also export the data using the graph’s icon top right.

View by Date Range:

Date	Value
01/01/2014	52.50
02/01/2014	52.50
03/01/2014	52.00
06/01/2014	51.70
07/01/2014	51.90
08/01/2014	51.50
09/01/2014	51.50
10/01/2014	51.30
13/01/2014	51.10
14/01/2014	50.80
15/01/2014	50.70
16/01/2014	51.00
17/01/2014	51.50
20/01/2014	50.90
21/01/2014	50.70
22/01/2014	50.70
23/01/2014	50.50
24/01/2014	50.60
27/01/2014	51.30
28/01/2014	50.40
29/01/2014	50.20
30/01/2014	50.00
31/01/2014	49.80
03/02/2014	49.30
04/02/2014	49.10
05/02/2014	49.40
06/02/2014	49.10
07/02/2014	50.00
10/02/2014	50.00
11/02/2014	49.90
12/02/2014	49.90
13/02/2014	49.30
14/02/2014	48.70
17/02/2014	49.00
18/02/2014	49.40
19/02/2014	49.10
20/02/2014	49.50
21/02/2014	49.90
24/02/2014	49.20
25/02/2014	48.60
26/02/2014	48.50
27/02/2014	49.00
28/02/2014	48.80
03/03/2014	48.70
04/03/2014	52.00
05/03/2014	49.90
06/03/2014	49.80
07/03/2014	50.10
10/03/2014	50.50
11/03/2014	50.00
12/03/2014	49.80
13/03/2014	50.00
14/03/2014	50.10
17/03/2014	50.30
18/03/2014	49.90
19/03/2014	49.50
20/03/2014	49.00
21/03/2014	48.90
24/03/2014	48.70
25/03/2014	48.40
26/03/2014	47.90
27/03/2014	47.90
28/03/2014	47.10
31/03/2014	47.20
01/04/2014	47.20
02/04/2014	46.60
03/04/2014	46.30
04/04/2014	45.30
07/04/2014	45.80
08/04/2014	46.00
09/04/2014	47.60
10/04/2014	47.00
11/04/2014	47.20
14/04/2014	47.50
15/04/2014	48.30
16/04/2014	49.00
17/04/2014	48.50
18/04/2014	48.70
21/04/2014	48.00
22/04/2014	47.00
23/04/2014	47.30
24/04/2014	48.10
25/04/2014	48.70
28/04/2014	48.40
29/04/2014	47.80
30/04/2014	47.60
01/05/2014	47.80
02/05/2014	47.40
05/05/2014	48.40
06/05/2014	47.20
07/05/2014	46.50
08/05/2014	47.00
09/05/2014	47.20
12/05/2014	47.30
13/05/2014	47.20
14/05/2014	47.00
15/05/2014	46.90
16/05/2014	46.70
19/05/2014	46.70
20/05/2014	46.60
21/05/2014	46.70
22/05/2014	46.70
23/05/2014	47.70
26/05/2014	47.40
27/05/2014	47.20
28/05/2014	47.30
29/05/2014	47.30
30/05/2014	46.60
02/06/2014	46.50
03/06/2014	46.20
04/06/2014	46.00
05/06/2014	45.80
06/06/2014	45.90
09/06/2014	45.80
10/06/2014	45.90
11/06/2014	46.10
12/06/2014	47.00
13/06/2014	47.30
16/06/2014	46.50
17/06/2014	46.40
18/06/2014	46.30
19/06/2014	46.40
20/06/2014	46.10
23/06/2014	45.80
24/06/2014	45.50
25/06/2014	45.10
26/06/2014	46.30
27/06/2014	46.10
30/06/2014	46.00
01/07/2014	45.30
02/07/2014	45.30
03/07/2014	45.30
04/07/2014	45.00
07/07/2014	44.50
08/07/2014	44.90
09/07/2014	44.50
10/07/2014	44.60
11/07/2014	44.50
14/07/2014	45.60
15/07/2014	45.50
16/07/2014	45.60
17/07/2014	46.50
18/07/2014	46.80
21/07/2014	45.80
22/07/2014	46.00
23/07/2014	46.80
24/07/2014	47.50
25/07/2014	49.40
28/07/2014	49.70
29/07/2014	48.30
30/07/2014	47.50
31/07/2014	47.90
01/08/2014	47.90
04/08/2014	47.50
05/08/2014	47.90
06/08/2014	48.50
07/08/2014	49.00
08/08/2014	49.40
11/08/2014	49.10
12/08/2014	48.90
13/08/2014	49.50
14/08/2014	50.10
15/08/2014	50.70
18/08/2014	49.40
19/08/2014	49.20
20/08/2014	48.50
21/08/2014	48.70
22/08/2014	49.80
25/08/2014	49.70
26/08/2014	49.20
27/08/2014	49.00
28/08/2014	49.80
29/08/2014	49.90
01/09/2014	50.50
02/09/2014	49.90
03/09/2014	50.00
04/09/2014	50.50
05/09/2014	50.40
08/09/2014	50.70
09/09/2014	50.20
10/09/2014	50.40
11/09/2014	50.50
12/09/2014	50.60
15/09/2014	50.80
16/09/2014	50.70
17/09/2014	50.40
18/09/2014	50.30
19/09/2014	50.20
22/09/2014	50.00
23/09/2014	49.60
24/09/2014	49.80
25/09/2014	50.10
26/09/2014	50.50
29/09/2014	50.40
30/09/2014	50.50
01/10/2014	50.50
02/10/2014	50.40
03/10/2014	50.20
06/10/2014	49.80
07/10/2014	49.70
08/10/2014	49.40
09/10/2014	49.80
10/10/2014	49.70
13/10/2014	49.30
14/10/2014	49.10
15/10/2014	49.10
16/10/2014	49.10
17/10/2014	49.40
20/10/2014	49.10
21/10/2014	49.00
22/10/2014	48.80
23/10/2014	49.10
24/10/2014	48.90
27/10/2014	49.30
28/10/2014	49.10
29/10/2014	49.40
30/10/2014	49.70
31/10/2014	49.20
03/11/2014	48.70
04/11/2014	49.30
05/11/2014	48.70
06/11/2014	48.60
07/11/2014	48.70
10/11/2014	49.30
11/11/2014	49.00
12/11/2014	48.70
13/11/2014	48.60
14/11/2014	48.30
17/11/2014	48.10
18/11/2014	48.60
19/11/2014	48.80
20/11/2014	48.70
21/11/2014	48.80
24/11/2014	49.50
25/11/2014	50.10
26/11/2014	51.00
27/11/2014	50.50
28/11/2014	50.10
01/12/2014	50.00
02/12/2014	50.00
03/12/2014	49.50
04/12/2014	49.30
05/12/2014	48.70
08/12/2014	48.60
09/12/2014	48.20
10/12/2014	48.50
11/12/2014	48.40
12/12/2014	48.00
15/12/2014	48.10
16/12/2014	47.60
17/12/2014	47.70
18/12/2014	47.60
19/12/2014	47.50
22/12/2014	47.40
23/12/2014	47.10
24/12/2014	47.40
25/12/2014	48.40
26/12/2014	48.30
29/12/2014	47.10
30/12/2014	46.50
01/01/2015	45.30
02/01/2015	45.00
05/01/2015	44.00
06/01/2015	43.50
07/01/2015	43.40
08/01/2015	43.50
09/01/2015	43.60
12/01/2015	44.10
13/01/2015	44.00
14/01/2015	43.50
15/01/2015	42.70
16/01/2015	42.50
19/01/2015	42.20
20/01/2015	42.70
21/01/2015	42.60
22/01/2015	42.70
23/01/2015	42.70
26/01/2015	43.00
27/01/2015	43.40
28/01/2015	44.00
29/01/2015	43.40
30/01/2015	43.50
02/02/2015	43.50
03/02/2015	43.50
04/02/2015	44.60
05/02/2015	44.40
06/02/2015	44.60
09/02/2015	45.60
10/02/2015	46.30
11/02/2015	47.00
12/02/2015	46.50
13/02/2015	45.70
16/02/2015	45.60
17/02/2015	45.30
18/02/2015	44.60
19/02/2015	45.60
20/02/2015	45.20
23/02/2015	45.50
24/02/2015	46.10
25/02/2015	46.00
26/02/2015	46.00
27/02/2015	45.50
02/03/2015	46.00
03/03/2015	45.50
04/03/2015	45.10
05/03/2015	45.30
06/03/2015	44.90
09/03/2015	44.20
10/03/2015	44.50
11/03/2015	44.10
12/03/2015	44.40
13/03/2015	44.20
16/03/2015	44.10
17/03/2015	43.70
18/03/2015	43.70
19/03/2015	44.30
20/03/2015	44.10
23/03/2015	44.30
24/03/2015	44.40
25/03/2015	44.90
26/03/2015	45.30
27/03/2015	46.00
30/03/2015	45.90
31/03/2015	45.80
01/04/2015	45.40
02/04/2015	45.70
03/04/2015	45.80
06/04/2015	45.80
07/04/2015	45.40
08/04/2015	45.10
09/04/2015	45.30
10/04/2015	45.10
13/04/2015	45.30
14/04/2015	44.90
15/04/2015	45.00
16/04/2015	44.80
17/04/2015	44.50
20/04/2015	44.40
21/04/2015	44.60
22/04/2015	44.30
23/04/2015	44.10
24/04/2015	44.40
27/04/2015	44.00
28/04/2015	43.90
29/04/2015	44.20
30/04/2015	44.10
01/05/2015	44.20
04/05/2015	44.20
05/05/2015	44.20
06/05/2015	44.50
07/05/2015	44.60
08/05/2015	44.40
11/05/2015	44.20
12/05/2015	44.40
13/05/2015	44.40
14/05/2015	44.40
15/05/2015	44.20
18/05/2015	44.20
19/05/2015	44.00
20/05/2015	43.70
21/05/2015	43.70
22/05/2015	43.60
25/05/2015	43.60
26/05/2015	43.50
27/05/2015	43.40
28/05/2015	43.60
29/05/2015	43.65
01/06/2015	43.45
02/06/2015	43.70
03/06/2015	44.00
04/06/2015	44.00
07/06/2015	44.10
08/06/2015	44.50
09/06/2015	44.60
10/06/2015	44.40
11/06/2015	43.90
12/06/2015	43.80
15/06/2015	43.60
16/06/2015	43.70
17/06/2015	43.50
18/06/2015	43.60
19/06/2015	43.65
22/06/2015	44.20
23/06/2015	43.85
24/06/2015	43.80
25/06/2015	43.65
26/06/2015	43.60
29/06/2015	43.50
30/06/2015	43.60
01/07/2015	43.60
02/07/2015	43.80
03/07/2015	44.00
06/07/2015	44.00
07/07/2015	43.50
08/07/2015	43.30
09/07/2015	43.50
10/07/2015	43.70
13/07/2015	43.90
14/07/2015	43.70
15/07/2015	43.50
16/07/2015	43.50
17/07/2015	43.50
20/07/2015	43.30
21/07/2015	43.40
22/07/2015	43.40
23/07/2015	43.10
24/07/2015	43.20
27/07/2015	43.20
28/07/2015	43.30
29/07/2015	43.20
30/07/2015	43.20
31/07/2015	43.10
03/08/2015	42.90
04/08/2015	42.60
05/08/2015	42.40
06/08/2015	42.30
07/08/2015	42.60
10/08/2015	42.60
11/08/2015	42.60
12/08/2015	42.70
13/08/2015	42.70
14/08/2015	42.60
17/08/2015	42.70
18/08/2015	42.50
19/08/2015	42.20
20/08/2015	42.10
21/08/2015	42.00
24/08/2015	42.10
25/08/2015	41.90
26/08/2015	42.00
27/08/2015	41.90
28/08/2015	42.10
31/08/2015	42.40
01/09/2015	42.30
02/09/2015	42.80
03/09/2015	42.90
04/09/2015	42.70
07/09/2015	42.50
08/09/2015	42.30
09/09/2015	42.40
10/09/2015	42.40
11/09/2015	42.40
14/09/2015	42.30
15/09/2015	42.10
16/09/2015	42.20
17/09/2015	42.10
18/09/2015	42.00
21/09/2015	41.70
22/09/2015	41.80
23/09/2015	41.90
24/09/2015	41.80
25/09/2015	42.00
28/09/2015	41.70
29/09/2015	41.70
30/09/2015	41.50
01/10/2015	41.50
02/10/2015	41.30
05/10/2015	41.70
06/10/2015	41.60
07/10/2015	41.75
08/10/2015	41.50
09/10/2015	41.60
12/10/2015	41.70
13/10/2015	41.40
14/10/2015	41.30
15/10/2015	41.00
16/10/2015	40.90
19/10/2015	40.80
20/10/2015	40.90
21/10/2015	40.50
22/10/2015	40.20
23/10/2015	39.90
26/10/2015	40.10
27/10/2015	39.90
28/10/2015	39.95
29/10/2015	40.00
30/10/2015	39.70
01/11/2015	39.70
02/11/2015	39.50
03/11/2015	39.20
04/11/2015	39.09
05/11/2015	39.24
06/11/2015	39.10
09/11/2015	39.10
10/11/2015	38.50
11/11/2015	38.10
12/11/2015	37.80
13/11/2015	37.60
16/11/2015	37.80
17/11/2015	38.20
18/11/2015	38.80
19/11/2015	38.20
20/11/2015	38.40
23/11/2015	38.12
24/11/2015	38.09
25/11/2015	38.20
26/11/2015	38.40
27/11/2015	38.30
30/11/2015	38.40
01/12/2015	38.80
02/12/2015	39.20
03/12/2015	38.70
04/12/2015	38.50
07/12/2015	38.70
08/12/2015	38.00
09/12/2015	38.00
10/12/2015	37.80
11/12/2015	37.70
14/12/2015	37.40
15/12/2015	37.05
16/12/2015	37.10
17/12/2015	36.70
21/12/2015	36.20
22/12/2015	35.90
23/12/2015	36.00
24/12/2015	35.30
28/12/2015	35.40
29/12/2015	36.50
30/12/2015	35.90
04/01/2016	35.90
05/01/2016	35.70
06/01/2016	35.70
07/01/2016	36.10
08/01/2016	36.50
11/01/2016	35.90
12/01/2016	35.70
13/01/2016	35.00
14/01/2016	34.90
15/01/2016	34.30
18/01/2016	33.90
19/01/2016	33.90
20/01/2016	34.10
21/01/2016	33.20
22/01/2016	32.90
25/01/2016	34.00
26/01/2016	33.50
27/01/2016	33.60
28/01/2016	34.30
29/01/2016	34.90
01/02/2016	35.40
02/02/2016	34.55
03/02/2016	34.59
04/02/2016	34.58
05/02/2016	34.51
08/02/2016	34.47
09/02/2016	34.48
10/02/2016	34.10
11/02/2016	33.49
12/02/2016	33.48
15/02/2016	33.55
16/02/2016	33.53
17/02/2016	33.49
18/02/2016	33.52
19/02/2016	33.59
22/02/2016	33.58
23/02/2016	34.54
24/02/2016	34.48
25/02/2016	34.42
26/02/2016	34.20
29/02/2016	34.48
01/03/2016	34.91
02/03/2016	34.70
03/03/2016	34.51
04/03/2016	34.30
07/03/2016	34.09
08/03/2016	34.15
09/03/2016	34.35
10/03/2016	34.55
11/03/2016	34.29
14/03/2016	34.71
15/03/2016	34.29
16/03/2016	34.39
17/03/2016	34.45
18/03/2016	34.71
21/03/2016	34.80
22/03/2016	34.70
23/03/2016	34.79
24/03/2016	35.15
25/03/2016	35.25
28/03/2016	35.24
29/03/2016	35.00
30/03/2016	35.05
31/03/2016	35.05
01/04/2016	34.48
04/04/2016	34.00
05/04/2016	33.56
06/04/2016	34.30
07/04/2016	33.58
08/04/2016	34.10
11/04/2016	34.00
12/04/2016	34.10
13/04/2016	34.10
14/04/2016	34.10
15/04/2016	33.59
18/04/2016	33.58
19/04/2016	33.59
20/04/2016	34.49
21/04/2016	34.52
22/04/2016	35.59
25/04/2016	36.51
26/04/2016	36.50
27/04/2016	38.00
28/04/2016	37.55
29/04/2016	36.20
02/05/2016	36.35
03/05/2016	36.34
04/05/2016	35.59
05/05/2016	36.31
06/05/2016	36.79
09/05/2016	36.70
10/05/2016	36.90
11/05/2016	36.71
12/05/2016	37.08
13/05/2016	36.89
16/05/2016	36.87
17/05/2016	37.40
18/05/2016	37.33
19/05/2016	36.91
20/05/2016	36.51
23/05/2016	36.81
24/05/2016	36.55
25/05/2016	36.33
26/05/2016	36.70
27/05/2016	37.12
30/05/2016	37.37
31/05/2016	37.40
01/06/2016	38.21
02/06/2016	38.21
03/06/2016	38.75
06/06/2016	38.74
07/06/2016	39.80
08/06/2016	40.05
09/06/2016	40.00
10/06/2016	39.82
13/06/2016	39.45
14/06/2016	39.50
15/06/2016	40.05
16/06/2016	40.10
17/06/2016	40.20
20/06/2016	40.50
21/06/2016	41.39
22/06/2016	40.75
23/06/2016	42.19
24/06/2016	41.30
27/06/2016	42.30
28/06/2016	41.90
29/06/2016	41.80
30/06/2016	42.19
01/07/2016	42.49
04/07/2016	43.20
05/07/2016	44.10
06/07/2016	43.62
07/07/2016	43.64
08/07/2016	44.00
11/07/2016	43.50
12/07/2016	43.20
13/07/2016	43.10
14/07/2016	42.80
15/07/2016	42.62
18/07/2016	43.20
19/07/2016	43.24
20/07/2016	43.52
21/07/2016	43.71
22/07/2016	43.90
25/07/2016	43.90
26/07/2016	43.80
27/07/2016	43.82
28/07/2016	43.61
29/07/2016	43.20
01/08/2016	43.20
02/08/2016	43.04
03/08/2016	42.60
04/08/2016	42.00
05/08/2016	42.50
08/08/2016	41.90
09/08/2016	41.95
10/08/2016	42.10
11/08/2016	42.18
12/08/2016	42.22
15/08/2016	42.30
16/08/2016	42.40
17/08/2016	42.69
18/08/2016	42.81
19/08/2016	43.00
22/08/2016	42.55
23/08/2016	42.25
24/08/2016	42.24
25/08/2016	41.67
26/08/2016	41.91
29/08/2016	42.20
30/08/2016	42.20
31/08/2016	41.80
01/09/2016	41.53
02/09/2016	41.48
05/09/2016	41.48
06/09/2016	41.20
07/09/2016	41.25
08/09/2016	41.20
09/09/2016	41.15
12/09/2016	41.00
13/09/2016	41.45
14/09/2016	41.57
15/09/2016	43.00
16/09/2016	43.51
19/09/2016	42.40
20/09/2016	42.41
21/09/2016	41.59
22/09/2016	42.49
23/09/2016	43.20
26/09/2016	44.52
27/09/2016	44.25
28/09/2016	44.58
29/09/2016	45.40
30/09/2016	46.55
03/10/2016	45.50
04/10/2016	46.50
05/10/2016	47.20
06/10/2016	49.30
07/10/2016	51.35
10/10/2016	50.90
11/10/2016	51.09
12/10/2016	50.01
13/10/2016	50.00
14/10/2016	50.04
17/10/2016	51.10
18/10/2016	51.90
19/10/2016	53.20
20/10/2016	53.60
21/10/2016	53.90
24/10/2016	53.50
25/10/2016	54.10
26/10/2016	54.05
27/10/2016	54.50
28/10/2016	55.50
31/10/2016	55.30
01/11/2016	54.10
02/11/2016	55.10
03/11/2016	56.00
04/11/2016	56.30
07/11/2016	54.58
08/11/2016	53.40
09/11/2016	52.30
10/11/2016	52.40
14/11/2016	52.70
15/11/2016	53.60
16/11/2016	55.15
17/11/2016	54.25
18/11/2016	54.54
21/11/2016	53.59
22/11/2016	53.70
23/11/2016	52.66
24/11/2016	51.27
25/11/2016	53.80
28/11/2016	55.56
29/11/2016	53.23
30/11/2016	52.93
01/12/2016	54.66
02/12/2016	50.42
05/12/2016	49.39
06/12/2016	46.60
07/12/2016	46.17
08/12/2016	45.14
09/12/2016	44.77
12/12/2016	46.40
13/12/2016	46.01
14/12/2016	46.38
15/12/2016	47.09
16/12/2016	47.37
19/12/2016	46.30
20/12/2016	46.85
21/12/2016	47.60
22/12/2016	48.08
23/12/2016	49.44
27/12/2016	48.00
28/12/2016	47.95
29/12/2016	48.60
30/12/2016	49.30
03/01/2017	51.00
04/01/2017	49.49
05/01/2017	49.71
06/01/2017	48.72
09/01/2017	49.06
10/01/2017	50.10
11/01/2017	50.96
12/01/2017	51.65
13/01/2017	50.99
16/01/2017	51.07
17/01/2017	52.28
18/01/2017	50.95
19/01/2017	50.07
20/01/2017	50.23
23/01/2017	51.39
24/01/2017	49.84
25/01/2017	49.22
26/01/2017	48.26
27/01/2017	48.03
30/01/2017	49.01
31/01/2017	49.77
01/02/2017	49.55
02/02/2017	49.70
03/02/2017	50.16
06/02/2017	49.90
07/02/2017	48.93
08/02/2017	47.96
09/02/2017	48.33
10/02/2017	47.59
13/02/2017	47.58
14/02/2017	46.68
15/02/2017	46.02
16/02/2017	47.11
17/02/2017	46.12
20/02/2017	46.20
21/02/2017	46.14
22/02/2017	45.13
23/02/2017	46.15
24/02/2017	45.90
27/02/2017	45.94
28/02/2017	45.91
01/03/2017	44.36
02/03/2017	45.41
03/03/2017	44.71
06/03/2017	44.14
07/03/2017	44.59
08/03/2017	44.31
09/03/2017	44.05
10/03/2017	43.96
13/03/2017	42.86
14/03/2017	43.34
15/03/2017	43.25
16/03/2017	43.66
17/03/2017	43.30
20/03/2017	43.21
21/03/2017	43.32
22/03/2017	42.16
23/03/2017	42.50
24/03/2017	42.55
27/03/2017	42.02
28/03/2017	41.78
29/03/2017	42.03
30/03/2017	42.98
31/03/2017	42.95
03/04/2017	42.83
04/04/2017	46.03
05/04/2017	43.44
06/04/2017	43.66
07/04/2017	43.13
10/04/2017	42.23
11/04/2017	41.89
12/04/2017	42.45
13/04/2017	42.03
18/04/2017	42.49
19/04/2017	42.89
20/04/2017	42.17
21/04/2017	42.34
24/04/2017	42.38
25/04/2017	42.69
26/04/2017	42.31
27/04/2017	42.84
28/04/2017	42.24
02/05/2017	42.66
03/05/2017	42.39
04/05/2017	41.98
05/05/2017	41.56
08/05/2017	40.88
09/05/2017	40.79
10/05/2017	41.51
11/05/2017	41.13
12/05/2017	40.53
15/05/2017	40.99
16/05/2017	42.34
17/05/2017	42.01
18/05/2017	42.07
19/05/2017	41.81
22/05/2017	41.33
23/05/2017	41.62
24/05/2017	41.87
25/05/2017	41.26
26/05/2017	41.30
30/05/2017	40.33
31/05/2017	42.25
01/06/2017	42.00
02/06/2017	41.77
05/06/2017	42.01
06/06/2017	41.38
07/06/2017	41.76
08/06/2017	41.87
09/06/2017	41.30
12/06/2017	40.63
13/06/2017	39.77
14/06/2017	39.42
15/06/2017	40.24
16/06/2017	40.26
19/06/2017	41.71
20/06/2017	41.77
21/06/2017	42.98
22/06/2017	41.66
23/06/2017	46.60
26/06/2017	43.17
27/06/2017	42.59
28/06/2017	42.71
29/06/2017	43.44
30/06/2017	43.30
03/07/2017	44.42
04/07/2017	43.67
05/07/2017	44.10
06/07/2017	42.29
07/07/2017	44.48
10/07/2017	45.16
11/07/2017	42.34
12/07/2017	41.92
13/07/2017	41.21
14/07/2017	41.35
17/07/2017	41.54
18/07/2017	42.63
19/07/2017	41.31
20/07/2017	41.57
21/07/2017	42.15
24/07/2017	41.96
25/07/2017	41.23
26/07/2017	41.80
27/07/2017	41.82
28/07/2017	42.09
31/07/2017	43.21
01/08/2017	42.89
02/08/2017	42.38
03/08/2017	42.75
04/08/2017	43.70
07/08/2017	44.55
08/08/2017	45.14
09/08/2017	44.36
10/08/2017	44.50
11/08/2017	44.71
14/08/2017	44.71
15/08/2017	45.17
16/08/2017	44.88
17/08/2017	46.06
18/08/2017	46.65
21/08/2017	47.49
22/08/2017	46.30
23/08/2017	45.30
24/08/2017	46.53
25/08/2017	46.41
29/08/2017	46.90
30/08/2017	47.69
31/08/2017	47.04
01/09/2017	46.09
04/09/2017	46.07
05/09/2017	45.80
06/09/2017	46.26
07/09/2017	46.40
08/09/2017	46.81
11/09/2017	47.18
12/09/2017	47.51
13/09/2017	47.56
14/09/2017	48.19
15/09/2017	47.28
18/09/2017	47.67
19/09/2017	46.52
20/09/2017	46.92
21/09/2017	46.14
22/09/2017	45.30
25/09/2017	45.70
26/09/2017	46.38
27/09/2017	45.92
28/09/2017	45.93
29/09/2017	46.82
02/10/2017	45.93
03/10/2017	46.42
04/10/2017	46.77
05/10/2017	47.52
06/10/2017	47.56
09/10/2017	47.89
10/10/2017	47.92
11/10/2017	48.68
12/10/2017	48.07
13/10/2017	48.24
16/10/2017	48.21
17/10/2017	48.38
18/10/2017	48.15
19/10/2017	47.92
20/10/2017	48.16
23/10/2017	47.19
24/10/2017	46.20
25/10/2017	47.65
26/10/2017	47.22
27/10/2017	46.87
30/10/2017	47.68
31/10/2017	50.41
01/11/2017	48.46
02/11/2017	48.42
03/11/2017	48.32
06/11/2017	48.38
07/11/2017	49.07
08/11/2017	48.85
09/11/2017	49.21
10/11/2017	49.61
13/11/2017	50.51
14/11/2017	49.99
15/11/2017	48.95
16/11/2017	49.24
17/11/2017	48.98
20/11/2017	49.24
21/11/2017	49.41
22/11/2017	49.87
23/11/2017	50.27
24/11/2017	50.72
27/11/2017	51.29
28/11/2017	51.06
29/11/2017	50.22
30/11/2017	49.91
01/12/2017	50.95
04/12/2017	51.03
05/12/2017	50.73
06/12/2017	50.61
07/12/2017	50.68
08/12/2017	49.99
11/12/2017	51.16
12/12/2017	57.39
13/12/2017	52.88
14/12/2017	50.17
15/12/2017	54.06
18/12/2017	53.45
19/12/2017	50.66
20/12/2017	50.53
21/12/2017	50.69
22/12/2017	50.32
27/12/2017	50.21
28/12/2017	50.47
29/12/2017	50.82
02/01/2018	49.75
03/01/2018	49.88
04/01/2018	50.17
05/01/2018	49.53
08/01/2018	49.65
09/01/2018	50.43
10/01/2018	50.27
11/01/2018	50.23
12/01/2018	50.39
15/01/2018	49.51
16/01/2018	49.33
17/01/2018	48.71
18/01/2018	42.46
19/01/2018	48.72
22/01/2018	47.92
23/01/2018	48.29
24/01/2018	48.11
25/01/2018	48.08
26/01/2018	47.62
29/01/2018	47.34
30/01/2018	46.81
31/01/2018	49.00
01/02/2018	48.75
02/02/2018	48.86
05/02/2018	48.00
06/02/2018	46.57
07/02/2018	47.63
08/02/2018	46.86
09/02/2018	46.41
12/02/2018	46.70
13/02/2018	47.25
14/02/2018	46.95
15/02/2018	47.35
16/02/2018	47.57
19/02/2018	49.00
20/02/2018	49.13
21/02/2018	48.89
22/02/2018	49.25
23/02/2018	51.48
26/02/2018	49.43
27/02/2018	50.01
28/02/2018	55.65
01/03/2018	54.55
02/03/2018	52.31
05/03/2018	47.93
06/03/2018	48.09
07/03/2018	48.29
08/03/2018	48.82
09/03/2018	49.60
12/03/2018	54.96
13/03/2018	51.19
14/03/2018	50.10
15/03/2018	49.64
16/03/2018	52.38
19/03/2018	49.51
20/03/2018	49.63
21/03/2018	50.07
22/03/2018	49.50
23/03/2018	49.45
26/03/2018	48.70
27/03/2018	49.48
28/03/2018	50.57
29/03/2018	50.57
03/04/2018	48.81
04/04/2018	49.22
05/04/2018	48.67
06/04/2018	48.56
09/04/2018	49.62
10/04/2018	49.96
11/04/2018	49.99
12/04/2018	51.23
13/04/2018	51.11
16/04/2018	50.54
17/04/2018	50.38
18/04/2018	50.83
19/04/2018	51.62
20/04/2018	51.83
23/04/2018	51.34
24/04/2018	51.63
25/04/2018	50.94
26/04/2018	52.43
27/04/2018	52.26
30/04/2018	52.61
01/05/2018	53.18
02/05/2018	52.92
03/05/2018	52.35
04/05/2018	52.23
08/05/2018	53.46
09/05/2018	54.03
10/05/2018	53.96
11/05/2018	55.02
14/05/2018	54.92
15/05/2018	55.58
16/05/2018	55.48
17/05/2018	56.28
18/05/2018	56.68
21/05/2018	56.23
22/05/2018	57.88
23/05/2018	57.97
24/05/2018	58.59
25/05/2018	57.52
29/05/2018	57.08
30/05/2018	58.28
31/05/2018	58.64
01/06/2018	56.00
04/06/2018	59.00
05/06/2018	56.81
06/06/2018	55.87
07/06/2018	55.34
08/06/2018	56.31
11/06/2018	55.58
12/06/2018	55.54
13/06/2018	54.99
14/06/2018	57.18
15/06/2018	55.96
18/06/2018	55.68
19/06/2018	55.35
20/06/2018	54.41
21/06/2018	54.11
22/06/2018	55.33
25/06/2018	55.71
26/06/2018	55.11
27/06/2018	56.15
28/06/2018	56.69
29/06/2018	56.25
02/07/2018	55.86
03/07/2018	57.41
04/07/2018	57.23
05/07/2018	56.46
06/07/2018	57.13
09/07/2018	57.43
10/07/2018	58.39
11/07/2018	58.15
12/07/2018	57.57
13/07/2018	56.63
16/07/2018	57.88
17/07/2018	57.26
18/07/2018	57.05
19/07/2018	57.46
20/07/2018	57.28
23/07/2018	57.38
24/07/2018	57.66
25/07/2018	57.97
26/07/2018	57.99
27/07/2018	57.16
30/07/2018	57.50
31/07/2018	57.75
01/08/2018	58.04
02/08/2018	58.07
03/08/2018	58.17
06/08/2018	58.26
07/08/2018	58.55
08/08/2018	60.08
09/08/2018	59.53
10/08/2018	58.84
13/08/2018	60.19
14/08/2018	61.29
15/08/2018	60.72
16/08/2018	60.56
17/08/2018	61.32
20/08/2018	62.60
21/08/2018	62.94
22/08/2018	62.97
23/08/2018	63.01
24/08/2018	64.82
28/08/2018	65.14
29/08/2018	66.45
30/08/2018	66.26
31/08/2018	66.83
03/09/2018	66.17
04/09/2018	66.65
05/09/2018	66.20
06/09/2018	66.96
07/09/2018	68.66
10/09/2018	70.36
11/09/2018	71.01
12/09/2018	69.01
13/09/2018	68.55
14/09/2018	65.45
17/09/2018	66.26
18/09/2018	67.08
19/09/2018	66.41
20/09/2018	67.66
21/09/2018	69.18
24/09/2018	70.21
25/09/2018	70.55
26/09/2018	69.59
27/09/2018	68.00
28/09/2018	67.67
01/10/2018	65.94
02/10/2018	68.41
03/10/2018	67.81
04/10/2018	66.97
05/10/2018	67.85
08/10/2018	67.69
09/10/2018	67.13
10/10/2018	66.18
11/10/2018	63.84
12/10/2018	62.96
15/10/2018	68.25
16/10/2018	63.16
17/10/2018	63.69
18/10/2018	63.32
19/10/2018	65.59
22/10/2018	64.03
23/10/2018	63.37
24/10/2018	64.32
25/10/2018	62.78
26/10/2018	63.57
29/10/2018	62.58
30/10/2018	60.36
31/10/2018	62.23
01/11/2018	60.71
02/11/2018	59.15
05/11/2018	59.64
06/11/2018	58.92
07/11/2018	60.23
08/11/2018	61.64
09/11/2018	62.23
12/11/2018	61.78
13/11/2018	63.07
14/11/2018	63.09
15/11/2018	63.60
16/11/2018	64.99
19/11/2018	60.90
20/11/2018	63.00
21/11/2018	63.06
22/11/2018	62.68
23/11/2018	62.27
26/11/2018	60.84
27/11/2018	60.76
28/11/2018	61.12
29/11/2018	60.67
30/11/2018	61.50
03/12/2018	63.46
04/12/2018	62.06
05/12/2018	61.55
06/12/2018	58.81
07/12/2018	60.39
10/12/2018	61.68
11/12/2018	61.34
12/12/2018	61.97
13/12/2018	63.12
14/12/2018	63.42
17/12/2018	63.70
18/12/2018	63.53
19/12/2018	65.27
20/12/2018	64.55
21/12/2018	65.39
24/12/2018	67.78
27/12/2018	69.72
28/12/2018	65.00
31/12/2018	63.50
02/01/2019	61.90
03/01/2019	62.08
04/01/2019	61.38
07/01/2019	59.87
08/01/2019	60.10
09/01/2019	61.30
10/01/2019	59.79
11/01/2019	60.72
14/01/2019	60.49
15/01/2019	58.71
16/01/2019	60.39
17/01/2019	60.76
18/01/2019	62.34
21/01/2019	62.71
22/01/2019	62.43
23/01/2019	63.58
24/01/2019	60.59
25/01/2019	58.39
28/01/2019	59.43
29/01/2019	58.68
30/01/2019	59.18
31/01/2019	57.86
01/02/2019	56.28
04/02/2019	55.29
05/02/2019	56.05
06/02/2019	55.54
07/02/2019	55.68
08/02/2019	55.51
11/02/2019	54.49
12/02/2019	53.88
13/02/2019	53.11
14/02/2019	54.29
15/02/2019	52.95
18/02/2019	53.86
19/02/2019	52.56
20/02/2019	52.56
21/02/2019	53.07
22/02/2019	52.06
25/02/2019	51.55
26/02/2019	51.77
27/02/2019	52.31
28/02/2019	52.46
01/03/2019	52.33
04/03/2019	52.11
05/03/2019	52.80
06/03/2019	51.88
07/03/2019	51.99
08/03/2019	52.24
11/03/2019	51.77
12/03/2019	51.19
13/03/2019	50.43
14/03/2019	49.39
15/03/2019	50.21
18/03/2019	48.90
19/03/2019	48.38
20/03/2019	47.64
21/03/2019	47.70
22/03/2019	48.26
25/03/2019	47.20
26/03/2019	46.96
27/03/2019	47.23
28/03/2019	47.76
29/03/2019	47.20
01/04/2019	47.46
02/04/2019	48.49
03/04/2019	48.27
04/04/2019	49.31
05/04/2019	51.65
08/04/2019	52.16
09/04/2019	52.53
10/04/2019	55.07
11/04/2019	52.84
12/04/2019	54.55
15/04/2019	52.83
16/04/2019	52.73
17/04/2019	52.12
18/04/2019	52.38
23/04/2019	50.08
24/04/2019	51.42
25/04/2019	51.22
26/04/2019	52.32
29/04/2019	51.78
30/04/2019	51.20
01/05/2019	49.92
02/05/2019	49.54
03/05/2019	49.62
07/05/2019	50.09
08/05/2019	50.18
09/05/2019	53.17
10/05/2019	53.08
13/05/2019	49.36
14/05/2019	49.18
15/05/2019	49.28
16/05/2019	49.92
17/05/2019	49.51
20/05/2019	49.25
21/05/2019	48.98
22/05/2019	48.69
23/05/2019	48.68
24/05/2019	48.90
28/05/2019	49.67
29/05/2019	48.36
30/05/2019	48.25
31/05/2019	48.89
03/06/2019	47.16
04/06/2019	46.83
05/06/2019	46.99
06/06/2019	46.66
07/06/2019	46.67
10/06/2019	48.22
11/06/2019	49.37
12/06/2019	47.05
13/06/2019	48.06
14/06/2019	47.56
17/06/2019	47.84
18/06/2019	47.66
19/06/2019	47.12
20/06/2019	46.58
21/06/2019	46.21
24/06/2019	49.33
25/06/2019	47.35
26/06/2019	46.70
27/06/2019	46.98
28/06/2019	45.95
01/07/2019	47.68
02/07/2019	49.04
03/07/2019	47.76
04/07/2019	47.83
05/07/2019	48.18
08/07/2019	50.11
09/07/2019	49.31
10/07/2019	50.35
11/07/2019	51.97
12/07/2019	51.95
15/07/2019	54.37
16/07/2019	52.57
17/07/2019	51.17
18/07/2019	50.65
19/07/2019	50.22
22/07/2019	51.24
23/07/2019	50.58
24/07/2019	51.41
25/07/2019	50.69
26/07/2019	49.76
29/07/2019	50.29
30/07/2019	49.54
31/07/2019	50.00
01/08/2019	51.25
02/08/2019	52.30
05/08/2019	51.12
06/08/2019	49.69
07/08/2019	50.09
08/08/2019	49.39
09/08/2019	50.86
12/08/2019	50.70
13/08/2019	50.10
14/08/2019	49.40
15/08/2019	48.83
16/08/2019	47.97
19/08/2019	48.68
20/08/2019	48.19
21/08/2019	47.79
22/08/2019	48.09
23/08/2019	46.82
27/08/2019	47.01
28/08/2019	46.87
29/08/2019	46.67
30/08/2019	46.59
02/09/2019	45.99
03/09/2019	44.79
04/09/2019	45.79
05/09/2019	44.83
06/09/2019	46.64
09/09/2019	47.40
10/09/2019	46.63
11/09/2019	51.56
12/09/2019	50.52
13/09/2019	51.29
16/09/2019	51.10
17/09/2019	52.33
18/09/2019	50.55
19/09/2019	49.05
20/09/2019	47.84
23/09/2019	48.85
24/09/2019	48.66
25/09/2019	47.77
26/09/2019	47.70
30/09/2019	47.78
01/10/2019	49.84
02/10/2019	50.31
03/10/2019	49.37
04/10/2019	50.04
07/10/2019	47.23
08/10/2019	47.59
09/10/2019	47.30
10/10/2019	47.57
11/10/2019	49.90
14/10/2019	49.44
15/10/2019	49.91
16/10/2019	49.52
17/10/2019	48.91
18/10/2019	49.80
21/10/2019	49.36
22/10/2019	48.54
23/10/2019	48.29
24/10/2019	47.70
25/10/2019	49.10
28/10/2019	48.53
29/10/2019	48.33
30/10/2019	48.35
31/10/2019	47.63
01/11/2019	49.13
04/11/2019	40.90
05/11/2019	42.67
06/11/2019	48.64
07/11/2019	49.29
08/11/2019	49.00
11/11/2019	49.02
12/11/2019	49.75
13/11/2019	48.06
14/11/2019	47.89
15/11/2019	49.11
18/11/2019	48.44
19/11/2019	47.43
20/11/2019	47.44
21/11/2019	48.36
22/11/2019	48.42
25/11/2019	49.20
26/11/2019	49.48
27/11/2019	47.94
28/11/2019	48.99
29/11/2019	49.06
02/12/2019	48.15
03/12/2019	47.60
04/12/2019	46.30
05/12/2019	45.62
06/12/2019	45.46
09/12/2019	43.74
10/12/2019	43.58
11/12/2019	43.84
12/12/2019	42.52
13/12/2019	43.15
16/12/2019	43.76
17/12/2019	43.68
18/12/2019	43.94
19/12/2019	45.05
20/12/2019	44.00
23/12/2019	44.24
24/12/2019	43.60
02/01/2020	43.30
03/01/2020	43.31
06/01/2020	43.78
07/01/2020	42.27
08/01/2020	42.38
09/01/2020	42.05
10/01/2020	41.91
13/01/2020	42.26
14/01/2020	41.17
15/01/2020	41.41
16/01/2020	42.04
17/01/2020	42.00
20/01/2020	41.27
21/01/2020	41.46
22/01/2020	41.45
23/01/2020	40.67
24/01/2020	39.62
27/01/2020	39.43
28/01/2020	37.74
29/01/2020	39.29
30/01/2020	38.88
31/01/2020	36.55
03/02/2020	36.99
04/02/2020	37.65
05/02/2020	38.40
06/02/2020	37.05
07/02/2020	36.87
10/02/2020	36.45
11/02/2020	36.43
12/02/2020	36.08
13/02/2020	36.38
14/02/2020	36.33
17/02/2020	37.18
18/02/2020	39.21
19/02/2020	39.06
20/02/2020	38.27
21/02/2020	38.55
24/02/2020	38.19
25/02/2020	37.08
26/02/2020	37.26
27/02/2020	37.71
28/02/2020	36.78
02/03/2020	38.12
03/03/2020	38.67
04/03/2020	38.87
05/03/2020	39.43
06/03/2020	36.77
09/03/2020	36.15
10/03/2020	36.93
11/03/2020	37.33
12/03/2020	38.58
13/03/2020	37.95
16/03/2020	37.95
17/03/2020	36.74
18/03/2020	36.23
19/03/2020	36.02
20/03/2020	34.58
23/03/2020	34.36
24/03/2020	34.19
25/03/2020	33.82
26/03/2020	33.50
27/03/2020	32.44
30/03/2020	32.72
31/03/2020	32.07
01/04/2020	33.36
02/04/2020	34.27
03/04/2020	33.87
06/04/2020	34.40
07/04/2020	36.65
08/04/2020	35.89
09/04/2020	35.77
14/04/2020	35.88
15/04/2020	34.95
16/04/2020	34.93
17/04/2020	34.95
20/04/2020	32.34
21/04/2020	32.87
22/04/2020	34.37
23/04/2020	35.20
24/04/2020	34.76
27/04/2020	35.00
28/04/2020	34.46
29/04/2020	34.69
30/04/2020	34.74
01/05/2020	34.87
04/05/2020	34.24
05/05/2020	35.81
06/05/2020	34.35
07/05/2020	34.66
11/05/2020	35.18
12/05/2020	34.90
13/05/2020	34.38
14/05/2020	34.16
15/05/2020	34.54
18/05/2020	35.36
19/05/2020	35.39
20/05/2020	34.59
21/05/2020	33.24
22/05/2020	33.39
26/05/2020	34.95
27/05/2020	34.56
28/05/2020	34.15
29/05/2020	33.73
01/06/2020	34.49
02/06/2020	34.39
03/06/2020	35.08
04/06/2020	34.71
05/06/2020	36.20
08/06/2020	38.22
09/06/2020	36.51
10/06/2020	35.41
11/06/2020	35.35
12/06/2020	36.36
15/06/2020	37.17
16/06/2020	36.63
17/06/2020	36.64
18/06/2020	36.84
19/06/2020	37.29
22/06/2020	36.21
23/06/2020	38.62
24/06/2020	38.45
25/06/2020	38.32
26/06/2020	37.59
29/06/2020	37.36
30/06/2020	39.60
01/07/2020	40.70
02/07/2020	40.30
03/07/2020	39.20
06/07/2020	41.00
07/07/2020	41.92
08/07/2020	41.61
09/07/2020	41.30
10/07/2020	41.21
13/07/2020	40.76
14/07/2020	40.46
15/07/2020	41.07
16/07/2020	40.45
17/07/2020	39.69
20/07/2020	39.90
21/07/2020	39.08
22/07/2020	38.65
23/07/2020	38.67
24/07/2020	38.74
27/07/2020	37.75
28/07/2020	38.25
29/07/2020	38.70
30/07/2020	38.70
31/07/2020	38.69
03/08/2020	39.52
04/08/2020	39.67
05/08/2020	40.75
06/08/2020	40.97
07/08/2020	41.15
10/08/2020	43.33
11/08/2020	43.11
12/08/2020	41.99
13/08/2020	41.95
14/08/2020	41.79
17/08/2020	43.00
18/08/2020	42.92
19/08/2020	42.70
20/08/2020	42.03
21/08/2020	40.96
24/08/2020	42.03
25/08/2020	44.06
26/08/2020	47.21
27/08/2020	45.18
28/08/2020	47.03
01/09/2020	46.75
02/09/2020	46.01
03/09/2020	46.53
04/09/2020	46.36
07/09/2020	46.02
08/09/2020	45.81
09/09/2020	45.17
10/09/2020	45.04
11/09/2020	46.43
14/09/2020	48.30
15/09/2020	48.05
16/09/2020	48.44
17/09/2020	46.97
18/09/2020	48.56
21/09/2020	47.56
22/09/2020	46.14
23/09/2020	46.53
24/09/2020	45.61
25/09/2020	46.31
28/09/2020	47.93
29/09/2020	47.32
30/09/2020	47.96
01/10/2020	47.68
02/10/2020	47.38
05/10/2020	47.43
06/10/2020	46.55
07/10/2020	47.66
08/10/2020	47.67
09/10/2020	48.51
12/10/2020	47.21
13/10/2020	47.31
14/10/2020	48.42
15/10/2020	49.90
16/10/2020	47.30
19/10/2020	47.64
20/10/2020	48.30
21/10/2020	47.82
22/10/2020	47.40
23/10/2020	47.68
26/10/2020	48.33
27/10/2020	47.31
28/10/2020	46.27
29/10/2020	45.82
30/10/2020	44.64
02/11/2020	45.05
03/11/2020	47.39
04/11/2020	47.66
05/11/2020	46.11
06/11/2020	46.23
09/11/2020	46.52
10/11/2020	45.68
11/11/2020	45.60
12/11/2020	45.65
13/11/2020	45.32
16/11/2020	45.94
17/11/2020	45.82
18/11/2020	45.57
19/11/2020	45.58
20/11/2020	44.38
23/11/2020	45.30
24/11/2020	45.97
25/11/2020	49.11
26/11/2020	49.22
27/11/2020	48.11
30/11/2020	49.10
01/12/2020	51.13
02/12/2020	50.77
03/12/2020	49.14
04/12/2020	53.31
07/12/2020	52.83
08/12/2020	53.85
09/12/2020	50.66
10/12/2020	51.97
11/12/2020	51.65
14/12/2020	53.25
15/12/2020	56.89
16/12/2020	53.54
17/12/2020	52.37
18/12/2020	51.90
21/12/2020	55.51
22/12/2020	55.32
23/12/2020	55.11
04/01/2021	60.38
05/01/2021	72.42
06/01/2021	70.69
07/01/2021	67.73
08/01/2021	62.01
11/01/2021	67.16
12/01/2021	76.20
13/01/2021	78.84
14/01/2021	85.16
15/01/2021	58.73
18/01/2021	57.28
19/01/2021	58.05
20/01/2021	59.36
21/01/2021	58.02
22/01/2021	65.95
25/01/2021	61.94
26/01/2021	60.03
27/01/2021	57.45
28/01/2021	59.02
29/01/2021	60.67
01/02/2021	56.20
02/02/2021	55.65
03/02/2021	54.69
04/02/2021	56.19
05/02/2021	56.23
08/02/2021	60.59
09/02/2021	59.92
10/02/2021	59.71
11/02/2021	58.41
12/02/2021	56.22
15/02/2021	55.04
16/02/2021	54.98
17/02/2021	54.64
18/02/2021	54.06
19/02/2021	54.29
22/02/2021	52.93
23/02/2021	52.54
24/02/2021	53.33
25/02/2021	54.23
26/02/2021	56.61
01/03/2021	57.74
02/03/2021	63.16
03/02/2021	54.84
04/03/2021	54.47
05/03/2021	56.50
08/03/2021	56.18
09/03/2021	55.72
10/03/2021	56.41
11/03/2021	57.02
12/03/2021	61.12
15/03/2021	59.94
16/02/2021	59.00
17/03/2021	58.32
18/03/2021	61.24
19/03/2021	58.74
22/03/2021	58.17
23/03/2021	59.19
24/03/2021	59.67
25/03/2021	58.49
26/03/2021	58.56
29/03/2021	58.90
30/03/2021	59.02
31/03/2021	59.63
01/04/2021	59.21
06/04/2021	60.50
07/04/2021	61.05
08/04/2021	61.71
09/04/2021	61.45
12/04/2021	63.16
13/04/2021	67.28
14/04/2021	64.11
15/04/2021	63.19
16/04/2021	64.57
19/04/2021	63.35
20/04/2021	63.05
21/04/2021	63.65
22/04/2021	65.01
23/04/2021	65.24
26/04/2021	65.24
27/04/2021	64.62
28/04/2021	68.28
29/04/2021	68.34
30/04/2021	68.77
04/05/2021	70.30
05/05/2021	71.84
06/05/2021	71.13
07/05/2021	70.43
10/05/2021	73.40
11/05/2021	74.02
12/05/2021	76.68
13/05/2021	77.05
14/05/2021	77.58
17/05/2021	78.46
18/05/2021	76.95
19/05/2021	73.69
20/05/2021	70.61
21/05/2021	74.60
24/05/2021	73.69
25/05/2021	76.59
26/05/2021	80.20
27/05/2021	77.12
28/05/2021	73.59
01/06/2021	76.85
02/06/2021	75.46
03/06/2021	75.47
04/06/2021	73.68
07/06/2021	73.57
08/06/2021	76.46
09/06/2021	76.94
10/06/2021	76.32
11/06/2021	77.66
14/06/2021	77.37
15/06/2021	78.17
16/06/2021	76.85
17/06/2021	75.25
18/06/2021	77.57
21/06/2021	79.62
22/06/2021	82.11
23/06/2021	81.97
24/06/2021	82.88
25/06/2021	83.78
28/06/2021	83.89
29/06/2021	85.69
30/06/2021	86.34
01/07/2021	92.04
02/07/2021	84.76
05/07/2021	86.50
06/07/2021	88.25
07/07/2021	83.36
08/07/2021	80.03
09/07/2021	84.85
12/07/2021	83.88
13/07/2021	80.83
14/07/2021	82.18
15/07/2021	81.30
16/07/2021	81.10
19/07/2021	86.84
20/07/2021	83.46
21/07/2021	84.02
22/07/2021	83.57
23/07/2021	83.52
26/07/2021	86.97
27/07/2021	84.70
28/07/2021	84.30
29/07/2021	90.20
30/07/2021	94.81
02/08/2021	94.65
03/08/2021	92.01
04/08/2021	90.99
05/08/2021	91.70
06/08/2021	95.92
09/08/2021	97.43
10/08/2021	97.76
11/08/2021	98.33
12/08/2021	100.35
13/08/2021	99.36
16/08/2021	102.08
17/08/2021	103.04
18/08/2021	107.52
19/08/2021	103.71
20/08/2021	96.59
23/08/2021	100.11
24/08/2021	99.78
25/08/2021	102.09
26/08/2021	100.69
27/08/2021	104.88
31/08/2021	107.94
01/09/2021	116.08
02/09/2021	116.67
03/09/2021	136.81
06/09/2021	123.03
07/09/2021	122.48
08/09/2021	127.99
09/09/2021	137.13
10/09/2021	128.29
13/09/2021	190.99
14/09/2021	177.23
15/09/2021	211.19
16/09/2021	182.03
17/09/2021	182.17
20/09/2021	160.11
21/09/2021	146.91
22/09/2021	147.62
23/09/2021	145.98
24/09/2021	148.94
27/09/2021	169.59
28/09/2021	195.69
29/09/2021	177.49
30/09/2021	212.93
01/10/2021	177.64
04/10/2021	171.50
05/10/2021	180.95
06/10/2021	223.81
07/10/2021	188.36
08/10/2021	188.18
11/10/2021	172.62
12/10/2021	166.63
13/10/2021	168.41
14/10/2021	194.55
15/10/2021	177.78
18/10/2021	178.33
19/10/2021	164.24
20/10/2021	161.44
21/10/2021	163.46
22/10/2021	166.90
25/10/2021	163.85
26/10/2021	162.10
27/10/2021	156.17
28/10/2021	147.98
29/10/2021	140.97
01/11/2021	173.08
02/11/2021	135.99
03/11/2021	138.54
04/11/2021	147.16
05/11/2021	146.02
08/11/2021	144.57
09/11/2021	152.73
10/11/2021	134.46
11/11/2021	134.19
12/11/2021	163.33
15/11/2021	166.32
16/11/2021	154.45
17/11/2021	178.90
18/11/2021	164.50
19/11/2021	171.80
22/11/2021	181.69
23/11/2021	176.14
24/11/2021	173.37
25/11/2021	177.38
26/11/2021	195.82
29/11/2021	182.46
30/11/2021	194.83
01/12/2021	202.90
02/12/2021	196.94
03/12/2021	194.30
06/12/2021	196.16
07/12/2021	204.56
08/12/2021	219.38
09/12/2021	223.45
10/12/2021	224.72
13/12/2021	284.98
14/12/2021	248.93
15/12/2021	271.32
16/12/2021	286.66
17/12/2021	303.91
20/12/2021	307.53
21/12/2021	353.44
22/12/2021	368.29
23/12/2021	311.85
24/12/2021	311.85
04/01/2022	201.78
05/01/2022	183.20
06/01/2022	224.72
07/01/2022	212.05
10/01/2022	202.56
11/01/2022	192.98
12/01/2022	193.46
13/01/2022	179.56
14/01/2022	194.07
17/01/2022	178.77
18/01/2022	173.21
19/01/2022	168.11
20/01/2022	164.87
21/01/2022	186.69
24/01/2022	208.45
25/01/2022	197.84
26/01/2022	195.84
27/01/2022	205.31
28/01/2022	204.21
31/01/2022	198.61
01/02/2022	184.37
02/02/2022	178.37
03/02/2022	179.35
04/02/2022	181.43
07/02/2022	184.07
08/02/2022	191.02
09/02/2022	178.53
10/02/2022	179.51
11/02/2022	173.98
14/02/2022	188.16
15/02/2022	177.37
16/02/2022	156.76
17/02/2022	173.10
18/02/2022	169.85
21/02/2022	170.85
22/02/2022	181.88
23/02/2022	200.00
24/02/2022	200.00
25/02/2022	200.00
28/02/2022	254.25
01/03/2022	299.06
02/03/2022	271.93
03/03/2022	326.66
04/03/2022	349.00
07/03/2022	517.58
08/03/2022	384.66
09/03/2022	334.48
10/03/2022	293.42
11/03/2022	257.51
14/03/2022	277.16
15/03/2022	278.99
16/03/2022	279.51
17/03/2022	255.92
18/03/2022	268.09
21/03/2022	266.33
22/03/2022	261.49
23/03/2022	295.66
24/03/2022	297.51
25/03/2022	235.62
28/03/2022	218.33
29/03/2022	231.78
30/03/2022	252.00
31/03/2022	246.66
01/04/2022	243.83
04/04/2022	225.99
05/04/2022	211.71
06/04/2022	211.33
07/04/2022	216.56
08/04/2022	221.32
11/04/2022	213.34
12/04/2022	212.40
13/04/2022	216.50
14/04/2022	214.77
19/04/2022	240.57
20/04/2022	207.92
21/04/2022	207.16
22/04/2022	213.40
25/04/2022	211.41
26/04/2022	219.40
27/04/2022	243.50
28/04/2022	261.00
29/04/2022	202.78
03/05/2022	210.41
04/05/2022	208.72
05/05/2022	207.99
06/05/2022	202.78
09/05/2022	212.07
10/05/2022	199.98
11/05/2022	208.40
12/05/2022	207.53
13/05/2022	208.83
16/05/2022	224.24
17/05/2022	217.08
18/05/2022	228.23
19/05/2022	224.07
20/05/2022	233.08
23/05/2022	195.37
24/05/2022	223.50
25/05/2022	186.08
26/05/2022	184.28
27/05/2022	193.19
30/05/2022	241.22
31/05/2022	239.83
01/06/2022	240.88
06/06/2022	204.48
07/06/2022	197.32
08/06/2022	189.08
09/06/2022	214.76
10/06/2022	192.89
13/06/2022	235.30
14/06/2022	245.35
15/06/2022	254.68
16/06/2022	299.55
17/06/2022	305.69
20/06/2022	271.16
21/06/2022	250.33
22/06/2022	261.64
23/06/2022	260.96
24/06/2022	245.14
27/06/2022	212.86
28/06/2022	284.78
29/06/2022	294.23
30/06/2022	308.41
01/07/2022	289.09
04/07/2022	303.51
05/07/2022	305.51
06/07/2022	291.88
07/07/2022	325.70
07/07/2022	322.57
11/07/2022	331.02
12/07/2022	343.42
13/07/2022	378.26
14/07/2022	374.73
15/07/2022	392.63
18/07/2022	335.94
19/07/2022	339.45
20/07/2022	374.55
21/07/2022	372.99
22/07/2022	358.33
25/07/2022	372.56
26/07/2022	409.53
27/07/2022	452.12
28/07/2022	421.51
29/07/2022	422.21
01/08/2022	402.63
02/08/2022	418.34
03/08/2022	410.41
04/08/2022	416.16
05/08/2022	457.91
08/08/2022	455.87
09/08/2022	452.47
10/08/2022	459.25
11/08/2022	475.15
12/08/2022	499.59
15/08/2022	508.08
16/08/2022	550.61
17/08/2022	557.61
18/08/2022	556.52
19/08/2022	569.46
22/08/2022	609.11
23/08/2022	636.80
24/08/2022	625.66
25/08/2022	697.33
26/08/2022	714.19
30/08/2022	647.19
31/08/2022	589.30
01/09/2022	496.14
02/09/2022	555.91
05/09/2022	618.06
06/09/2022	551.21
07/09/2022	535.25
08/09/2022	538.59
09/09/2022	517.92
12/09/2022	466.21
13/09/2022	412.70
14/09/2022	446.76
15/09/2022	449.31
16/09/2022	430.19
20/09/2022	483.35
21/09/2022	448.33
22/09/2022	405.59
23/09/2022	415.49
26/09/2022	419.87
27/09/2022	422.26
28/09/2022	455.91
29/09/2022	446.94
30/09/2022	457.54
03/10/2022	483.86
04/10/2022	451.58
05/10/2022	437.41
06/10/2022	466.55
07/10/2022	475.38
10/10/2022	471.21
11/10/2022	473.14
12/10/2022	479.29
13/10/2022	404.71
14/10/2022	425.07
17/10/2022	445.22
18/10/2022	425.36
19/10/2022	408.78
20/10/2022	391.10
21/10/2022	409.36
24/10/2022	395.22
25/10/2022	325.88
26/10/2022	328.05
27/10/2022	333.73
28/10/2022	335.58
31/10/2022	348.40
01/11/2022	331.74
02/11/2022	336.41
03/11/2022	350.05
04/11/2022	308.17
07/11/2022	326.28
08/11/2022	322.86
09/11/2022	319.58
10/11/2022	306.54
11/11/2022	277.02
14/11/2022	282.20
15/11/2022	308.91
16/11/2022	307.56
17/11/2022	297.85
18/11/2022	306.53
21/11/2022	307.11
22/11/2022	302.51
23/11/2022	304.17
24/11/2022	303.07
25/11/2022	322.42
28/11/2022	379.93
29/11/2022	356.62
30/11/2022	377.68
01/12/2022	426.95
02/12/2022	417.30
05/12/2022	423.00
06/12/2022	434.24
07/12/2022	403.03
08/12/2022	427.90
09/12/2022	468.38
12/12/2022	380.23
13/12/2022	355.36
14/12/2022	349.56
15/12/2022	332.36
16/12/2022	293.27
19/12/2022	280.46
20/12/2022	268.42
21/12/2022	267.63
22/12/2022	261.01
23/12/2022	238.79
03/01/2023	210.65
04/01/2023	210.21
05/01/2023	181.27
06/01/2023	209.40
09/01/2023	208.68
10/01/2023	196.00
11/01/2023	195.79
12/01/2023	189.46
13/01/2023	216.69
16/01/2023	173.02
17/01/2023	168.72
18/01/2023	173.30
19/01/2023	188.96
20/01/2023	174.02
23/01/2023	191.83
24/01/2023	163.84
25/01/2023	168.69
26/01/2023	168.38
27/01/2023	158.05
30/01/2023	162.94
31/01/2023	174.79
01/02/2023	169.03
02/02/2023	175.86
03/02/2023	180.41
06/02/2023	180.76
07/02/2023	172.16
08/02/2023	166.86
09/02/2023	163.10
10/02/2023	164.17
13/02/2023	162.84
14/02/2023	159.86
15/02/2023	159.02
16/02/2023	159.27
17/02/2023	158.23
20/02/2023	155.74
21/02/2023	151.17
22/02/2023	154.16
23/02/2023	154.30
24/02/2023	157.52
27/02/2023	158.31
28/02/2023	152.93
01/03/2023	148.02
02/03/2023	125.50
03/03/2023	149.85
06/03/2023	146.35
07/03/2023	141.10
08/03/2023	142.43
09/03/2023	141.47
10/03/2023	142.19
13/03/2023	154.10
14/03/2023	155.26
15/03/2023	142.76
16/03/2023	139.30
17/03/2023	140.47
20/03/2023	131.42
21/03/2023	127.39
22/03/2023	132.06
23/03/2023	129.47
24/03/2023	129.27
27/03/2023	135.52
28/03/2023	136.09
29/03/2023	136.09
30/03/2023	138.32
31/03/2023	140.69
03/04/2023	150.00
04/04/2023	158.35
05/04/2023	149.85
06/04/2023	142.68
11/04/2023	134.51
12/04/2023	141.80
13/04/2023	144.18
14/04/2023	141.19
17/04/2023	139.50
18/04/2023	137.99
19/04/2023	140.07
20/04/2023	137.10
21/04/2023	100.99
24/04/2023	136.72
25/04/2023	136.65
26/04/2023	134.27
27/04/2023	131.80
28/04/2023	133.40
02/05/2023	132.71
03/05/2023	129.92
04/05/2023	128.56
05/05/2023	126.91
09/05/2023	129.22
10/05/2023	130.43
11/05/2023	130.46
12/05/2023	129.47
15/05/2023	127.48
16/05/2023	122.90
17/05/2023	124.66
18/05/2023	115.68
19/05/2023	123.45
22/05/2023	116.21
23/05/2023	121.36
24/05/2023	125.24
25/05/2023	114.34
26/05/2023	106.29
30/05/2023	106.41
31/05/2023	104.50
01/06/2023	107.89
02/06/2023	110.64
05/06/2023	103.57
06/06/2023	106.86
07/06/2023	104.61
08/06/2023	104.44
09/06/2023	104.44
12/06/2023	115.82
13/06/2023	116.62
14/06/2023	126.42
15/06/2023	132.45
16/06/2023	134.85
19/06/2023	122.78
20/06/2023	127.34
21/06/2023	132.68
22/06/2023	127.85
23/06/2023	116.99
26/06/2023	121.96
27/06/2023	118.40
28/06/2023	118.84
29/06/2023	117.42
30/06/2023	114.68
03/07/2023	134.70
04/07/2023	122.69
05/07/2023	123.78
06/07/2023	120.74
07/07/2023	120.24
10/07/2023	116.36
11/07/2023	108.95
12/07/2023	105.53
13/07/2023	103.20
14/07/2023	103.02
17/07/2023	104.58
18/07/2023	102.85
19/07/2023	105.83
20/07/2023	106.87
21/07/2023	107.62
24/07/2023	110.53
25/07/2023	113.55
26/07/2023	118.16
27/07/2023	110.24
28/07/2023	105.92
31/07/2023	104.45
01/08/2023	104.50
02/08/2023	100.29
03/08/2023	102.54
04/08/2023	104.71
07/08/2023	104.86
08/08/2023	108.12
09/08/2023	106.12
10/08/2023	112.87
11/08/2023	111.79
14/08/2023	110.58
15/08/2023	111.66
16/08/2023	116.08
17/08/2023	113.33
18/08/2023	112.29
21/08/2023	124.23
22/08/2023	122.15
23/08/2023	126.46
24/08/2023	112.63
25/08/2023	110.25
29/08/2023	115.06
30/08/2023	113.82
31/08/2023	114.66
01/09/2023	112.22
04/09/2023	110.08
05/09/2023	108.42
06/09/2023	110.37
07/09/2023	109.50
08/09/2023	116.36
11/09/2023	107.98
12/09/2023	107.74
13/09/2023	105.88
14/09/2023	109.01
15/09/2023	105.07
18/09/2023	101.35
19/09/2023	96.30
20/09/2023	105.17
21/09/2023	105.45
22/09/2023	105.67
25/09/2023	112.67
26/09/2023	110.83
27/09/2023	102.46
28/09/2023	105.03
29/09/2023	105.50
02/10/2023	104.10
03/10/2023	102.43
04/10/2023	101.55
05/10/2023	98.14
06/10/2023	96.85
09/10/2023	109.24
10/10/2023	110.81
11/10/2023	122.57
12/10/2023	117.73
13/10/2023	132.98
16/10/2023	131.93
17/10/2023	114.26
18/10/2023	119.44
19/10/2023	113.73
20/10/2023	122.52
23/10/2023	122.10
24/10/2023	124.52
25/10/2023	121.82
26/10/2023	119.77
27/10/2023	111.69
30/10/2023	118.57
31/10/2023	109.84
01/11/2023	106.15
02/11/2023	105.23
03/11/2023	115.65
06/11/2023	108.98
07/11/2023	105.46
08/11/2023	107.84
09/11/2023	109.24
10/11/2023	111.99
13/11/2023	107.57
14/11/2023	107.30
15/11/2023	118.57
16/11/2023	112.04
17/11/2023	107.80
20/11/2023	117.19
21/11/2023	110.03
22/11/2023	105.71
23/11/2023	106.68
24/11/2023	116.31
27/11/2023	114.03
28/11/2023	110.80
29/11/2023	111.51
30/11/2023	108.96
01/12/2023	105.48
04/12/2023	106.48
05/12/2023	101.11
06/12/2023	95.41
07/12/2023	94.52
08/12/2023	98.16
11/12/2023	92.51
12/12/2023	88.94
13/12/2023	86.32
14/12/2023	88.49
15/12/2023	87.79
18/12/2023	87.87
19/12/2023	84.45
20/12/2023	83.61
21/12/2023	79.40
22/12/2023	82.70
03/01/2024	85.75
04/01/2024	91.12
05/01/2024	91.97
08/01/2024	91.79
09/01/2024	87.54
10/01/2024	85.02
11/01/2024	84.56
12/01/2024	82.17
15/01/2024	84.97
16/01/2024	80.87
17/01/2024	78.64
18/01/2024	74.74
19/01/2024	71.87
22/01/2024	72.76
23/01/2024	72.39
24/01/2024	74.37
25/01/2024	75.30
26/01/2024	74.61
29/01/2024	75.75
30/01/2024	71.33
31/01/2024	75.25
01/02/2024	76.52
02/02/2024	73.98
05/02/2024	76.10
06/02/2024	76.89
07/02/2024	74.93
08/02/2024	73.06
09/02/2024	72.80
12/02/2024	70.88
13/02/2024	69.12
14/02/2024	68.17
15/02/2024	68.90
16/02/2024	69.50
19/02/2024	66.00
20/02/2024	63.88
21/02/2024	64.33
22/02/2024	65.22
23/02/2024	64.71
26/02/2024	65.44
27/02/2024	66.36
28/02/2024	68.43
29/02/2024	69.05
01/03/2024	69.10
04/03/2024	69.85
05/03/2024	70.60
06/03/2024	72.68
07/03/2024	71.06
08/03/2024	68.35
11/03/2024	70.51
12/03/2024	67.18
13/03/2024	67.80
14/03/2024	67.27
15/03/2024	70.89
18/03/2024	75.81
19/03/2024	78.05
20/03/2024	78.07
21/03/2024	70.93
22/03/2024	71.46
25/03/2024	75.82
26/03/2024	74.70
27/03/2024	71.65
28/03/2024	72.74
02/04/2024	72.74
03/04/2024	70.92
04/04/2024	65.55
05/04/2024	69.47
08/04/2024	69.72
09/04/2024	72.29
10/04/2024	72.84
11/04/2024	68.76
12/04/2024	72.07
15/04/2024	75.23
16/04/2024	80.90
17/04/2024	83.33
18/04/2024	75.28
19/04/2024	84.13
22/04/2024	77.92
23/04/2024	77.07
24/04/2024	77.25
25/04/2024	78.06
26/04/2024	78.27
29/04/2024	74.96
30/04/2024	75.13
01/05/2024	71.57
02/05/2024	74.55
03/05/2024	81.02
07/05/2024	81.11
08/05/2024	75.43
09/05/2024	78.05
10/05/2024	80.46
13/05/2024	76.86
14/05/2024	78.21
15/05/2024	78.61
16/05/2024	78.76
17/05/2024	81.15
20/05/2024	79.57
21/05/2024	83.26
22/05/2024	85.41
23/05/2024	88.34
24/05/2024	90.54
28/05/2024	86.56
29/05/2024	86.38
30/05/2024	84.57
31/05/2024	88.46
03/06/2024	89.85
04/06/2024	87.43
05/06/2024	85.81
06/06/2024	82.31
07/06/2024	85.36
10/06/2024	82.47
11/06/2024	86.51
12/06/2024	85.60
13/06/2024	85.73
14/06/2024	86.85
17/06/2024	86.38
18/06/2024	84.83
19/06/2024	86.87
20/06/2024	87.23
21/06/2024	84.05
24/06/2024	85.08
25/06/2024	86.45
26/06/2024	83.68
27/06/2024	78.42
28/06/2024	85.02
01/07/2024	86.22
02/07/2024	83.18
03/07/2024	83.19
04/07/2024	81.45
05/07/2024	87.00
08/07/2024	85.21
09/07/2024	82.14
10/07/2024	80.26
11/07/2024	78.43
12/07/2024	79.05
15/07/2024	78.48
16/07/2024	79.39
17/07/2024	80.40
18/07/2024	78.93
19/07/2024	79.23
22/07/2024	78.73
23/07/2024	78.85
24/07/2024	79.46
25/07/2024	80.06
26/07/2024	81.13
29/07/2024	82.09
30/07/2024	82.31
31/07/2024	84.12
01/08/2024	84.08
02/08/2024	83.02
05/08/2024	84.80
06/08/2024	82.28
07/08/2024	83.87
08/08/2024	84.88
09/08/2024	78.26
12/08/2024	89.27
13/08/2024	90.04
14/08/2024	85.96
15/08/2024	87.62
16/08/2024	89.90
19/08/2024	85.75
20/08/2024	83.81
21/08/2024	81.91
22/08/2024	79.93
23/08/2024	84.81
27/08/2024	87.89
28/08/2024	89.87
29/08/2024	89.46
30/08/2024	89.47
02/09/2024	91.59
03/09/2024	89.19
04/09/2024	85.60
05/09/2024	84.10
06/09/2024	85.54
09/09/2024	76.63
10/09/2024	80.13
11/09/2024	82.81
12/09/2024	83.50
13/09/2024	83.47
16/09/2024	81.62
17/09/2024	79.45
18/09/2024	80.83
19/09/2024	81.71
20/09/2024	80.07
23/09/2024	80.80
24/09/2024	80.72
25/09/2024	79.34
26/09/2024	77.28
27/09/2024	80.91
30/09/2024	82.65
01/10/2024	84.31
02/10/2024	89.28
03/10/2024	85.82
04/10/2024	86.72
07/10/2024	89.35
08/10/2024	86.97
09/10/2024	84.92
10/10/2024	86.99
11/10/2024	90.39
14/10/2024	90.94
15/10/2024	86.40
16/10/2024	87.57
17/10/2024	88.03
18/10/2024	82.29
21/10/2024	86.17
22/10/2024	87.21
23/10/2024	87.56
24/10/2024	91.43
25/10/2024	92.41
28/10/2024	93.75
29/10/2024	94.03
30/10/2024	91.25
31/10/2024	88.68
01/11/2024	88.73
04/11/2024	77.33
05/11/2024	90.93
06/11/2024	88.12
07/11/2024	88.26
08/11/2024	90.12
11/11/2024	91.92
12/11/2024	95.08
13/11/2024	93.23
14/11/2024	93.72
15/11/2024	95.31
18/11/2024	95.92
19/11/2024	101.11
20/11/2024	96.22
21/11/2024	98.28
22/11/2024	94.47
25/11/2024	100.26
26/11/2024	98.63
27/11/2024	95.67
28/11/2024	94.96
29/11/2024	95.63
02/12/2024	101.39
03/12/2024	102.82
04/12/2024	96.30
05/12/2024	92.98
06/12/2024	93.90
09/12/2024	113.97
10/12/2024	103.01
11/12/2024
12/12/2024
13/12/2024
16/12/2024
Date

ELECTRICITY MARKET NEWS

Published	News
02/01/2024	UK power contracts moved in line with NBP gas. Spark spreads were up along the curve with the exception of March 24.
03/01/2024	UK power contracts shed value driven by the underlying NBP gas. Front year UK Emissions fell 7% yesterday which put further downward pressure on the curve. French nuclear availability for the remainder of this week is expected to be 48.9GW/day which is 1GW above the 2019-2023 average, comfortable French supply will gratify the UK power bears.
04/01/2024	Prompt power prices climb amid lower wind generation. Generation was revised down to less than 20% below average for the remainder of this week. Similarly, the remainder of the curve moved up in line with the underlying NBP.
05/01/2024	The UK prompt and near curve lifted on Thursday driven by stronger gas and weak prompt wind. Wind production for the remainder of the week was revised downwards by 0.6GW/day. Wind generation in the UK will remain below seasonal normal until the end of the 3rd week in Jan before returning to seasonal normal.
08/01/2024	Near curve spark spreads shed value on Friday’s session although front month was able to buck that trend. France regained its position as Europe’s top power exporter in 2023 overtaking Sweden. A 15% year on year increase in nuclear output allowed France to reclaim the top spot. Increased hydropower and wind generation coupled with subdued domestic demand also contributed.
09/01/2024	UK Power contracts fell in line with NBP and UKAs. Front year carbon fell 7.5% on Monday which added pressure to the far curve. French nuclear availability will average 54GW/day for the rest of January, which is 4.6GW/day above the 2019-2023 average and will likely mean French power exports to the UK remain healthy this month.
10/01/2024	The UK power curve once again conceded to bearish pressure from carbon and gas markets. Carbon fell a further 2.5%. UK net power imports from France through January so far have averaged 2.3GW/day across all three interconnectors, which is 1.4GW/day more than the imports received from France in January 2022.
11/01/2024	The UK power curve shed value yesterday amid a largely unchanged gas market and weaker carbon. Front month traded £1.08/MWh lower, the corresponding spark also lost £0.65/MWh.
12/01/2024	Despite an upcoming increase in power demand amid low temps and wind generation being up to 20% less than seasonal normal next week, UK power contracts still traded weaker day on day. So far this winter the UK has benefited from a healthy French power supply. French run-of-river hydropower in January so far has averaged 5.9GW/day, 0.9GW/day above 2019-2023 average. Additionally In 2024 so far, French demand levels averaged 59.5GW/day, 8.6GW/day below 2019-2024 average for the same period.
15/01/2024	UK Power traded higher session on session amid stronger NBP gas and a more bullish weather picture. In the week commencing 15th Jan UK temperatures set to average 3°C below seasonal in, likely increasing heating demand. Similarly wind output set to average 11GW/day, 10-20% below norm, likely supporting gas-for-power demand. The cold snap and period of relatively weak wind, comes at a time with low nuclear generation in UK which influenced the pick up in the power curve.
16/01/2024	Power prices and sparks alike were pressured by high wind production and weaker European gas hubs. TTF, Europe’s most liquid hub saw their front month contract dip below EUR 30/MWh bringing the UK NBP and associated power curve down with it. UK Front month power shed the most value day on day across the curve, losing £4.51/MWh to settle at £72.50/MWh.
17/01/2024	The UK power front month contract dropped to a fresh 5-month low, settling at £71.55/MWH after losing £1/MWh session on session. UKA’s continued their descent, closing lower for the seventh consecutive session to settle at £34.76/tCO2.
18/01/2024	Yesterday the UK power curve closed lower session on session, the outcome of continued bearish weather fundamentals coupled with a weaker carbon market. Wind-power generation is predicted in line with seasonal normal for the remainder of this week; but will rise well above norm by more than 20% during next week.
19/01/2024	UK power contracts recovered some of this week’s losses, front season Summer 24’ gained £2/MWh but remains down week on week. UK Carbon also bucked its bearish trend, gaining £0.69/tCO2. Power net imports have averaged 1.8GW/day in January so far, 0.8GW/day lower than average net imports received in January 2023, elevated wind levels in the UK so far this month are likely contributing to the 1.8GW net import level.
22/01/2024	The prompt traded lower on Friday amid strong upcoming renewable generation. The curve was lifted by the underlying NBP contracts trading higher. UK carbon also contributed to lifting power contracts, Dec ’24 emissions settled £1.73/tCO2 higher.
23/01/2024	Power prices tracked losses across the bearish fuel mix. Temperatures across mainland Europe have been forecast well above seasonal average for the remainder of the week. Europe’s biggest gas consumer Germany will see temperatures at least 3 degrees above seasonal normal until the end of the month, the UK will similarly see temps comfortably above normal during this period which will reduce power demand. Demand for the rest of month will be approximately 2-3GW below seasonal normal.
24/01/2024	Power contracts registered further losses driven by the bearish outlook. British nuclear generation has averaged 3.3GW through January to-date, 2.5GW below the 2019-2023 average for January.
25/01/2024	UK power curve followed a bullish trend on Wednesday, supported by bullish gains on NBP. Most of far curve lifted, supported by a stronger UK carbon contract for December ’24. The front month spark spread lifted £0.67/MWh likely driven by a downward revision in UK temperatures for the first half of February, temps across the back end of February are now expected to be below seasonal normal.
26/01/2024	The front month UK power contract Feb-24 lost £3.04/MWh in value during yesterday’s session, while the associated spark spread lost £1.27/MWh, a sign the upside risk is fading as we approach delivery. UK Wind power generation across the next few weeks was revised higher, this will alleviate some pressure from gas fired generation. Carbon equally eased by £1.29/tCO2, a wider impact of the comfortable level of wind generation coupled with the bearish complex.
29/01/2024	The UK power curve drew support from the wider fuel mix on Friday. Temperatures over the first half of February will be 1-3 degrees above seasonal normal which will supress heating demand. The front month power contract Feb ’24 gained £0.77/MWh, however the spark spread lost a notable £1.19/MWh highlighting power fundamentals remain comfortable.
30/01/2024	Week 6 traded at a tighter premium to the front week on Friday, which rose on the day but expired in line with its average assessment this week.
31/01/2024	UK power settled higher day on day driven by gains on the NBP gas hub and UK carbon. Carbon rose 6% yesterday recovering most of the losses made on Monday.
01/02/2024	UK Power once again drew support from the underlying NBP gas hub. March 24 gained £1.10/MWh however spark spreads along the curve were mostly unchanged.
02/02/2024	Power prices continued their descent on Thursday amid largely bearish fundamentals. Both temps and wind in the first half of February are expected above seasonal normal, solar generation will begin the month below normal before returning to seasonal average from mid-February onwards. Seasonal normal solar for February is between 750MW-1GW so underperforming solar is negligible in this period of weak to normal demand.
05/02/2024	UK power contracts lifted on Friday amid bullish carbon and gains in the NBP near curve. Carbon gained £1.41/tCO2 which supported near curve contracts. Wind generation in the UK is set to average 10-20% above the norm at 14.9GW. Similarly wind power production this week across France, Germany and the Netherlands is set to be well above the seasonal norm by more than 20%.
06/02/2024	Monday saw the UK power curve retreat in line with NBP amid a mostly bearish fundamental picture. An unplanned full capacity outage on the 1.5GW Viking Link interconnector between the UK and Denmark began on 4 February and is expected to return to service by 7 February.
07/02/2024	UK Power bucked the trend set by the NBP yesterday and registered marginal losses. UKAs shed 7.1% day on day which would have been one of the key reasons for losses seen on the curve. The day ahead contract was supported by weak wind generation and a 24-hour extension to the Viking link outage, now expected to return on Feb 8th at 2300.
08/02/2024	UK Power shed value in line with NBP gas and Carbon. The Dec-24 UKA contract fell a further 2.2% session on session. Sparks along the curve remained steady. A comfortable French power market continues to contribute to bearishness in the UK, as French supply margins remain comfortable due to reliable nuclear.
09/02/2024	UK power prices also contracted on Thursday. A late rally in UKAs meant carbon was able to hold its value, limiting the bearish impact of the wider fuel mix.
12/02/2024	Friday saw the power curve dropped in value, pressured by NBP and higher prompt wind. Wind-power production for week commencing 12th Feb was revised upwards, now expected 10-20% above seasonal normal at an average of 13.7GW.
13/02/2024	UK carbon shed value on Monday, falling £0.75/tCO2. The move in carbon coupled with comfortable temperatures and above seasonal normal wind generation from late Feb into march helped soften prices along the power curve. Front month power dropped over £3/MWh with the corresponding spark losing £0.85/MWh.
14/02/2024	Wind power is expected to drop below seasonal normal for the remainder of the week but make a swift return to above normal early next week and remain comfortable until mid-March. UKAs remained resilient yesterday and gained £0.83/tC02 reducing losses on the far curve. Summer ’24 the front season UK power lost £0.61/MWh.
15/02/2024	The UK power curve took lead from the NBP gas hub on Wednesdays session. Further weakness was seen in the spark spreads, although Summer 24 sparks remained resilient. Week ahead Baseload power fell by £1.32/MWh with the spark contracting £0.89/MWh, front-week wind output was revised 1.8GW higher to 14GW.
16/02/2024	The NBP has opened similar to yesterday with prices slightly higher than last nights close. However, trading continues to be range bound after heavy losses in recent days. Poor wind generation and an unplanned outage at Kollsnes is adding support with the fundamentals still bearish. The UK system is 4mcm long at open with total demand at just 207mcm, nearly 80mcm below seasonal normal. LNG send out has increased to 61mcm driven by vessels diverting away from French LNG terminals, due to ongoing strike action, to the UK and other European terminals. However, Norwegian imports along the Langeled pipeline have decreased with the 23mcm capacity loss at Kollsnes now with an end date of tomorrow. Temperatures in the UK are very mild at 7 degrees above seasonal normal today, resulting in the weak demand figures.
19/02/2024	UK Power fell on Friday, driven by bearish NBP gas coupled with strong prompt wind generation. Wind gen for the week commencing 19th Feb was revised from 15.2GW to 15.8GW, taking it to 3.5GW above seasonal normal.
20/02/2024	The UK power curve shed value on Monday’s session as losses on Carbon and NBP weighed on power contracts. UKAs for Dec ’24 fell 4.3%
21/02/2024	Wind generation for the remainder of the week is forecasted 10-20% above seasonal normal at 14.2GW. Carbon climbed 2.2% on Tuesday’s session which supported far curve contracts. The UK’s latest capacity market auction for 2024-25 delivery cleared at £35.79/kW per year.
22/02/2024	European gas prices remained relatively unchanged on Wednesday as temperatures fluctuations stabilised. LNG vessels reaching European shores remain ample with the majority of U.S. originated cargoes continuing to see Europe as the preferential market; driving off a combination of reduced sail time, higher frequency trading and the logistical challenges faced in both the Red Sea (piracy) and the Panama Canal (low water levels), discouraging Asian demand from U.S. producers. European demand also continues to wane off mild fundamentals with the 10day EU storage withdrawal falling to 2.3TWh/d, a six year low for this time of year. By end-of-day the front month NBP Gas contract closed marginally up, settling at 58.85p/th. Spark spread remained relatively unchanged post the announcement of the T-1 24/25 capacity market auction which cleared at £35.79/kW/year, a 40% drop compared to 23/24 auction. Both the Sutton Bridge and Severn Power CCGT power stations were not awarded capacity, placing questions on whether they shall run next winter. Nevertheless, ample supplies and current expectations of interconnector flows from France in Winter24 has reduced concerns of market tightness.
23/02/2024	Strong supply fundamentals within season saw continued downward pressure on the European power and gas market yesterday with the front month NBP Gas contract dropping 3.4% day-on-day. Continental temperatures remain +1C above seasonal average and has combined with the lowest EU storage withdrawals over February thus far in seven years, 43% lower than the 2018-2023 average. Additionally, strong oil prices have buoyed LNG exports from the U.S. of late, record production from the Permian basin has contributed to excess gas supplies; a by-product of oil extraction in the region. This has weighed heavy on U.S. gas prices and increased the arbitrage opportunities for shipping LNG into Europe, a region in need of additional supplies now Russian gas has been curtailed. With the restrictions of passage in both the Suez and Panama canals, Europe continues to be seen as the paramount destination for not-on-contract LNG cargoes. The power market also followed the bearish sentiment held within the continental gas market with the winter’24 contract notably dropping £1.58/MWh.
26/02/2024	Front month power gained £1.27/MWh on Fridays session, boosted by gains on the NBP. UK power imports from Denmark averaged 0.5GW last week, roughly 0.2GW less than imports received in the week before.
27/02/2024	Mondays gains on the UK power curve were driven by the upward trend on British NBP gas hub. March baseload power, currently the UK’s Front month contract gained £1.96/MWh during yesterday’s session. Gas-fired power generation during February to date has averaged 8.5GW, 2.4GW below the 2019-23 average.
28/02/2024	The UK power front-month contract settled at £58.75/MWh, gaining value for the third consecutive session, having climbed 7.3% from a near two-year low set on 19 February. The UK’s latest T-4 capacity auction cleared at a record £65/kW, 42.8GW of generation was secured for the delivery year 2027/28. The previous record of £63/kW was achieved last year for the 2026/27 delivery period.
29/02/2024	Prices across both the UK & continental Europe continued on its sharp rebound on Wednesday with the front month contract lifting 2.3p/th to settle at 63.27p/th. Despite fundamentals remaining largely unchanged, concerns over Norwegian summer maintenance cast uncertainties over the supply margin overhang in Europe by end of September. Nevertheless market equilibrium remains stable in the prompt with temperatures across NW Europe expected to remain 1.5C above seasonal average for the forthcoming week. EU storage has seen the lowest withdrawals over February since 2014, averaging only 3.21TWh per day, 38TWh less than Feb’23; an equivalent of 35 medium sized LNG tankers. Supply from LNG has grown significantly since Russia’s invasion of Ukraine and whilst flows has begun to slow from its seasonal high in January, as the marginal supply of gas into the continent, the reduction is primarily driven by diminished consumption demand.
01/03/2024	Prices partially retreated on Thursday off assurance from core fundamental supplies into both the UK & continental Europe. The greatest price drop was seen on the Q3’24 contract which fell 1.48p/th by end-of-day off the combination of record storage levels and a low maintenance schedule on Norwegian gas fields. Summer’23 itself saw the lowest output from Norwegian fields since 2014, mainly attributed to stress caused by extended runs during the previous year as Europe looked to maximise supplies in wake of Russia’s invasion of Ukraine.
04/03/2024	This year Norwegian flows are expected to return to seasonal average flow rates, easing the reliance on LNG and enforced consumption reduction. LNG demand in NE Asia continues to remain low as mild temperatures, logistical challenges faced from avoiding the Red Sea and faltering economies in the region takes its toll. Total flows into the region dropped 15% month-on-month, higher than that witnessed in Europe which is seen as the preferable destination for not-on-contract cargoes in the Atlantic theatre.
05/03/2024	UK Power prices rose in line with NBP gas on Monday. The April 24 baseload contract which is now the front month rose £1.21/MWh, however the spark spread lost £0.58/MWh. The French nuclear authority ASN confirmed corrosion at the 910MW Blayais 4 nuclear reactor in Western France. Issues with corrosion plagued French nuclear reactors in 2022 with nuclear outages rising 47% in 2022.
06/03/2024	Like NBP, UK Carbon contracts have seen significant upward moves over the last few trading sessions which has contributed to the uplift in Power contracts. Day-Ahead power received support not only from NBP gas but a sharp reduction in wind. The UK will see wind power generation go from a high of 17GW on Tuesday 5th to an average of 6.8GW on Wednesday 6th March.
07/03/2024	In the prompt horizon strong wind generation for remainder of this week, at a daily average output of 15.1GW which is 20% above average is likely to reduce gas-for-power demand.
08/03/2024	The UK power curve fell through Thursday’s session, tracking underlying movements at the NBP gas hub. In a similar vein, UK Carbon for December ’24 fell 1.7% session on session
11/03/2024	The UK power curve had a mixed session on Friday, but overall movements were muted. Far curve contracts were pressured by UKA December ’24 dropping by 0.8% day on day. UK power supply was set to begin improving as Hartlepool 1 was expected to begin ramping up on the 8th of March. Nuclear power production during 1-7 March averaged 3.5GW, 0.8GW below the average output for the same period 2023.
12/03/2024	Strong supply fundamentals across the UK & continental Europe saw a notable drop in gas prices on Monday. Much of the focus now resides within summer injection requirements and with storage at its highest levels since 2011 for this time of year, the Summer’24 contracts dropped 5% day-on-day to settle at 62.54p/th. EU storage currently sits at 691TWh, a 209TWh greater than the five-year average off a combination of low consumption demand within the industrial sector and mild temperatures throughout much of this winter. LNG flows have begun to react to the oversupplied market with last week receiving the lowest weekly flows since Sept’23 as demand begins to taper. Power followed the bearish sentiment within gas to drop and indeed exceeded the proportional price falls as sparks awidened. Due to strong renewable supply, clean sparks for the summer peak contracts are currently negative, suggestion zero CCGT running for period, subjecting running profiles to much shorter late evening run-times. Additionally, reports are suggesting that the UK government is expected to reveal plans to introduce a zonal pricing system later today. This aims to better reflect the supply and demand dynamics of specific zones in the UK, the expectation would be that prices increase nearer to demand centres and therefore increase the rollout of generation, specifically renewable, in those zones.
13/03/2024	The UK power curve rose during yesterday’s session amid a downward revision in wind generation and temperatures from the 22nd march onwards. These revisions will lead to more CCGT power demand. Front month power rose £0.60/MWh which the corresponding spark rose £0.04/MWh.
14/03/2024	UK Power contracts had a mixed session on Wednesday, week ahead power gained £1.69/MWh driven by a downward revision in wind power generation for the upcoming week, generation levels are now expected at seasonal normal and will likely average 11.5GW. The UK power near curve followed the bearish NBP hub on Wednesday session, however far curve contracts were able to buck the trend as seasons from summer 25 onwards made modest gains.
15/03/2024	Thursday saw a sharp uplift across the global energy complex as speculative funds bought heavily into the close on marginal supply tightening in U.S. gas. Weekly withdrawals in the world’s largest gas producer were slightly higher than expected, albeit only by 6bcf & equivalent to just 1.5 LNG vessels. The uplift compounded reduced LNG flows reaching Europe over the last few weeks despite the continent remaining fundamentally well supplied. EU storage itself remains 60% full, a record level date-for-date and 50TWh above this time last year. Curtailment in LNG flows is expected to increase over the next few months as Europe looks to balance summer injection flows, yet without consistent flows from Russia via Nordstream, risk for next winter is keeping volatility inflated. The UK power market followed much of the uplift in gas compounded by further rallies within both the EUA & UKA carbon markets with sparks remaining largely unchanged. By end-of-day the front month contract had lifted £2.44/MWh to settle at £61.17/MWh.
18/03/2024	The UK power curve made gains on Fridays session, with front month power adding £2.09/MWh. French nuclear availability for the week commencing 18th March is expected to average 44GW, which is 2.5GW above the 2019-2023 average. The UK – France peak spread initially widened to about £10 after corrosion was found at Blayis 4 nuclear reactor in France but has dropped back by about £5. However, the IFA1 interconnector between UK-France scheduled to undergo planned construction works from 18-21 March, limiting the UK’s ability to benefit from comfortable French nuclear supply.
19/03/2024	Front Month UK Power gained £3.11/MWh session on session, however the associated Spark lost £0.54/MWh. Wind power generation expectations for the remainder of this week were revised up from 11.5GW to 12.9GW, which is at least 20% above the seasonal norm, the coming week is expected 10-20% above normal. UK nuclear generation in March so far has averaged 3.5GW, 1.4GW below the 2019-2023 average for the month.
20/03/2024	UK curve contracts lost value on Tuesday after a sell off in UKA’s. Dec 24 UKA’s lost 5.3% day on day. The prompt horizon has also been pressured with ample wind generation.
21/03/2024	The UK power curve shed value yesterday as it came under pressure from bearish NBP moves. Gas-fired power generation averaged 8.8GW through March to date and wind-power production averaged 10.6GW, 3.2GW less and 1.9GW above the respective 2019-2023 averages so far. Despite higher wind generation, low nuclear output in the UK this month has encouraged more CCGT running.
22/03/2024	UK Power prices fell in line with NBP and weaker carbon. UK Front month lost £2.74/MWh with the spark spread losing £0.38/MWh.
25/03/2024	UK Power contracts lifted on Friday in line with NBP and UKA upward moves. Sparks however lost value following and upward revision in wind power generation from week commencing 25th march until mid-April.
26/03/2024	The UK power curve lifted in line with NBP gas and carbon on Monday. Front month power traded £2.58/MWh. Wind output in the prompt was revised higher by 0.3GW for the remainder of this week and 1.6GW for next week which helped soften spark spreads.
27/03/2024	Strong UK wind generation coupled with above seasonal temps as we approach April continues to be a bearish driver for UK prompt prices. UK nuclear availability is scheduled to be 5GW in April ‘24, 1.2GW more than April ’23, this will relieve some pressure on the UK generation stack as Nuclear capacity has struggled in march.
28/03/2024	Across the channel, French nuclear and hydro availability remain robust, and yesterday saw the French weekend baseload product trade between 14 -17 EUR/MWh, while the UK weekend baseload traded at £57.5/MWh, a clear indication of strong Easter weekend interconnector flows from France to Britain.
02/04/2024	Prices across the wider energy complex in both Europe & the UK fell across the curve on Thursday with the May’24 contract notably softening 1.65 £/MWh. Strong supply fundamentals and warm temperatures took hold as low gas storage withdrawals across the EU continued to erode embedded risk premiums within the summer contracts. March closed with a total withdrawal of 42TWh from EU storage, 13TWh less than the five-year average and settling the winter’23 season with 670TWh remaining in storage; a 14year record high. With not-on-contract LNG supply now the marginal supplier of gas into Europe, flows have begun to curtail to keep the market balanced. As a consequence last week saw Europe receive the lowest volume of LNG since Nov’21, showcasing the healthy supply fundamentals.

03/04/2024	UK power contracts fell on Tuesday amid bearish fuel markets and strong wind generation. Wind in the first two weeks of April is expected to average 14.9GW and 11GW which is at least 20% above seasonal normal.
04/04/2024	UK curve shed value midweek as wind power for the remainder of this week was revised upwards by between 1-2GW. Nuclear availability in the UK scheduled to be 4.7GW through April, 0.9GW more than same period 2023 and a significant uplift on the 3.6GW average produced during Q1 ’24. The Increased wind in the prompt horizon and healthier nuclear outlook has put pressure on sparks.
05/04/2024	The UK Power far curve lifted slightly during yesterday’s session, reflecting a small 0.5% gain on UKA December ’24 and gains in the NBP. Front month power traded £1.04/MWh higher, while the UK near weekend product traded as low as £9/MWh due to between 15-17GW of wind generation.
08/04/2024	Front month UK power traded £1.50/MWh higher day on day during Fridays session amid stronger Gas prices. UK imports in April so far have averaged 1.8GW, same as the 2020-2023 average whereas Gas-fired generation in April thus far has fallen to 6.7GW, 5.2GW less than the 2019-2023 average showing the impact of strong renewables and mild temps.
09/04/2024	Power contracts closed higher session on session, supported by NBP and UKAs. UK carbon traded 2.2% higher. UK Nuclear is exceed 5GW for the first time this year in the coming days while UK wind is expected 2.5GW above normal until mid-April so despite the uplift in overall power prices spark spreads have remained mostly unchanged.
10/04/2024	UK power dipped lower amid bearish NBP and UKAs. Wind power generation for next week is expected to be above the model average by 10-20%, likely to average 9.9GW. Solar power production is also set to be above the norm next week, with output likely to average 2.4GW. UK May ‘24 premium to France continues to widen on strong French supply. On March 1st the UK May ‘24 held a €21.92/MWh premium to the French equivalent, which has this week widened to the UK being €43.66/MWh above France.
11/04/2024	UK power front month contract ultimately settled lower during Wednesday’s session, tracking losses at NBP gas hub, UK Carbon allowances for December ’24 fell 1% session on session, weighing on some far curve contracts.
12/04/2024	Geopolitical risk priced into the energy complex took the forefront on Thursday as tensions rose sharply across key markets. Expectations of the conflict in Gaza spilling into wider regions saw the market spike with the front month NBP gas contract lifting 6.1p/th to settle at 73.6p/th. Furthermore, continued attacks on Ukrainian power and gas infrastructure and the EU assessing the partial ban of Russia LNG into Europe also contributed to the sharp uplift. Supply fundamentals remain largely well supported and unchanged nevertheless; EU gas storage is well ahead of their summer injection schedule and the continent remains the optimal region for USA originated LNG once costs and frequency is taken into consideration. Carbon, a preferred energy contract for speculative hedging complimented the uplift in gas with the EUA Dec’24 contract rising 8.2% to settle at 68.03 €/t, its highest close in three months.
15/04/2024	The UK power curve lifted on Friday in line with bullish gas and Carbon. The December ’24 UKA contract rose 2.6% contributing to gains on the far curve. Solar power production also forecast above norm in week commencing 15th April at a daily average output of 2.4GW.
16/04/2024	European gas prices saw a modest uplift on Monday despite notable price swings throughout the day. With immediate fears of a significant escalation of the conflict in the Middle-East dampened, prices opened up lower as the embedded weekend risk priced into both gas and carbon eroded. Nevertheless, the combination of supply disruption in Norway and temperatures set to drop in the latter stages of the month saw prices slowly lift throughout with the May’24 NBP contract eventually settling at 78.07 p/th, a +2.27p/th daily change. Other fundamentals remain relatively stable however with storage injection taking advantage of mild temperatures and high renewable output since March, leaving EU gas storage facilities 62% full, notably higher than the 43% 5-year average for this time of year. Additionally, one of the benefits of rising crude prices has been the uplift in USA shale production, creating an over supply in gas extraction in the region. This has pushed US gas prices way below the break-even point of many producers and creating a supply glut which has aided LNG exports. Both the UK & EU have benefitted from this increased production with the region receiving 5TWh of LNG more per week in April compared to March. Power prices followed gas for within season contracts but saw slight drops in Winter24 and beyond off lower UKA carbon prices. By close-of-day, the Winter’24 contract had softened -£0.20/MWh to settle at £96.75/MWh.
17/04/2024	Power contracts lifted on Tuesday amid stronger gas and carbon. Front month power gained £3.91/MWh, however, sparks for contracts delivering during this summer marginally lost value.
18/04/2024	UK power contracts traded lower in line with the NBP gas hub and UKAs. However, most spark spreads lifted amid a downward reforecast in UK temps by 1 degree until the end of April, UK temps are currently sitting 2-3 degrees below seasonal normal which could increase CCGT demand.
19/04/2024	UK power climbed on Thursday’s session in line with NBP gas. UK power Q4 ‘24 baseload contract was €3.65/MWh below French counterpart yesterday, while UK power Q1 ‘25 baseload contract at a €6.32/MWh discount.
22/04/2024	UK near winter power prices are at a discount to French equivalents due to risk premium being embedded within French nuclear power, driving French winter prices higher. UK prompt and near curve contracts have maintained their premium to their French counterparts and French exports to the UK this summer are expected to remain healthy.
23/04/2024	The UK power curve shed value on Monday in line with the NBP gas hub. Front week wind output is expected to average 8.4GW following a 1GW upward revision. The UK imported an average of 2.6GW from France via interconnectors in the period 1-21 April, which is 1.2GW above the April 2023 average and this trend is expected to continue due to strong French nuclear and renewable amid early snowmelt supporting hydropower output and water reservoirs.
24/04/2024	Mild weather in the front week pressured UK prompt power. Temperatures in northern Europe are forecasted to jump from below averages this week to 1-3°C above norm next week. UK Emissions for December ’24 contract increased by 0.85%, limiting losses on the far curve.
25/04/2024	Stronger NBP prices coupled with lower wind generation in the UK for the remainder of this week supported prompt power prices on Wednesday. Increased heating demand is likely for remainder of this week as temperatures are set to average 1-3°C below norm in the UK. Front month power gained £2.17/MWh to settle at £62.69/MWh.
26/04/2024	UK Power contracts traded marginally higher on Thursday as it drew support from UK NBP Gas. Clean Spark Spreads were mostly unchanged
29/04/2024	UK power closed the week lower amid comfortable wind generation, with forecast above seasonal normal by 10-20% in the week commencing 29th April. Far curve contracts fell in line with bearish sentiment amid a decrease of 0.5% in UKA December ’24.
30/04/2024	The UK power curve lost value on Tuesday with Winter ’24 losing £2.24/MWh. Most Near curve sparks also lost value, a likely reaction to the increase in temperatures and an upward revision in wind during the next week softening demand
01/05/2024	UK Power traded higher on Tuesday. The June 24 baseload contract which is now the front month gained £2.3/MWh day on day. Wind-power production through the remainder of the week has been revised downwards to be in line with the seasonal norm, at an average of 8.4GW. Total demand in the UK through April so far has averaged 31.8GW, which is 0.7GW above the 2019-2023 average.
02/05/2024	NBP front month contract fell by 2.1% session on session. The UK maintained a net power import position through April, with net inward flows averaging 3.3GW, 0.2GW above April 2023 average.
03/05/2024	Energy prices surged across both the UK & continental Europe on Thursday with the front month NBP gas contract notably lifting 5.57p/th, a 8% day-on-day rise. The rally has come contrary to steady fundamentals and has primarily been driven from increased demand in EUA Carbon, a particular product of interest for long-term investment firms and those looking to speculate on price moves. The commodity has been specifically volatile of late, attributed to the developments in the Hamas-Israeli conflict in the Middle-East, lifting throughout the day off concerns over the possible incursion of Rafah on the Gaza Strip. Antony Blinken, the U.S. Secretary-of-State stated on Wednesday “we cannot and will not support a major military operation in Rafah absent a clear, credible plan to protect civilians. We’ve not seen such a plan”. Nevertheless, with the Israeli Prime Minister affirming “We will enter Rafah and eliminate the Hamas battalions there”, the standoff between Israel and its allies has forced up embedded risk premiums.
07/05/2024	Power prices shed value in line with UK NBP movements, despite wind generation being more than 3GW below seasonal normal. UK emissions falling £0.39/tCO2 also contributed to the losses on power.
08/05/2024	UK power tracked Gas and Carbon on Tuesday. Front month power traded £1.53/MWh higher.
09/05/2024	Sparks were relatively flat on the curve but up in the prompt due to the below seasonal normal wind.
10/05/2024	The UK power curve lifted on Thursday, with the prompt being supported by low renewable generation. Front week wind generation was revised downward by 1.2GW to 6.8GW, now 10-20% below average. Gas-for-power generation averaged 7.9GW through May to date, 2.5GW above the April average.
13/05/2024	UK power lost value on Friday with front month losing £2.13/MWh to settle at £65.12/MWh. France is likely to maintain a net power export position through the week commencing 13th May owing to high wind generation, above seasonal average precipitation, and strong nuclear supply. The UK won’t be able to fully benefit from the healthy French supply however, with the 2GW IFA1 interconnector between UK-France operating at reduced capacity of 1GW until 22 May due to planned construction.
14/05/2024	French nuclear availability for the remainder of this week has been revised downwards by 0.7GW however remains well above the 2019-2023 average. Sparks have seen some uplift in the prompt owing to the lower wind, however the front month spark has remained resilient only changing £0.06/MWh.
15/05/2024	Wind generation set to average 6.2GW for the remainder of this week, 10-20% below seasonal norm. Similarly wind output for next week was revised down 1GW which will support gas-for-power demand.
16/05/2024	UK power traded higher on Wednesday, driven by a 5% or £1.96/tCO2 lift in UKAs. Front month power gained £0.41/MWh. Wind power generation during May to date averaged at 4.9GW, 0.8GW lower than 2019-2023.
17/05/2024	UK power lifted on Thursday’s session amid stronger UK carbon and UK NBP. UK Front month settled at £66.41/MWh. Confidence in Q3 French power supply margins continues to pressure neighbouring hubs, the comfortable hydropower and nuclear outlook in France leaves little room for bullish momentum in the UK resulting in muted movement in UK sparks.
20/05/2024	UK power near curve traded higher on Friday. Wind power production is expected to average 6.4GW through week commencing 20th May although strong solar and warmer temperatures could help to offset the drop in wind power production through the front week.
21/05/2024	UK Power traded higher on Monday, amid a bullish fuel mix. UKAs gained £3.08/tCO2 to settle at £42.88 on Monday. UK nuclear availability is set to average 5GW in June after outage extensions, which is 1.5GW above the 2019-2023 average.
22/05/2024	UK Power continues to climb, lifted higher by NBP gas and Carbon. UK Solar-power production is set to average 10-20% below seasonal norm at 2.2GW. Front-week wind output revised upwards by 0.4GW, now expected to be within the seasonal norm at an average of 6.4GW
23/05/2024	The IFA1 interconnector is now set to return to full capacity on May 24th, a delay of 2 days. This will be followed by another outage on the May 7th until June 5th where it will operate at 1.5GW.
24/05/2024	Front week wind output revised upward by 0.7GW, now expected 10-20% above seasonal at an average 7.8GW. Solar power production next week is forecasted above norm at 3GW. The improved renewable generation has alleviated some pressure in the prompt and sparks for near term contracts have. As will the expected return to full capacity of the IFA1 UK – France Interconnector.
28/05/2024	UK Power shed value on Friday in line with NBP Gas. Near Curve Spark spreads also lost value and front month approaches delivery. French nuclear availability scheduled to average 44GW through week commencing 27th May, 7.6GW above 2019-2023 average keeping margins bolstered. French run-of-river hydropower follows a similar trend with the current average through May at 6.7GW, 1.1GW above the five-year average. The 2GW IFA1 Interconnector has returned to full capacity following a 2-week outage.
29/05/2024	UK Power traded lower in line with Gas. Additional bearishness crept into the prompt as wind generation for the remainder of this week is at 9.9GW, 20% above seasonal normal. The UK has maintained a net power import position so far through May, with net inward flows averaging 4.8GW, which is 1.5GW above the April level.
30/05/2024	UK power saw a mixed performance on spark spreads. Day Ahead and front week lost some value due to elevated wind, averaging 9.7GW for the remainder of the week, 3GW higher than normal.
31/05/2024	Gas prices rebounded slightly from Wednesday’s lows, lifting 2.6p/th on the front month gas contract despite fundamentals remaining stable. Long-term weather forecasts are showing more rain in both the UK & continental Europe over Q3’24 which in is likely to reduce solar generation; leading to greater reliance on non-renewable assets throughout the day. With the removal of immediate gas supplies from Russia from much of the European grid, the focus within the market remains drawn on continental storage injection; making sure nations have enough stores built up to combat consumption demand in the forthcoming winter. The combination of low renewable output and part of the LNG Atlantic fleet moving to the more profitable Pacific region of late has seen daily injection rates drop with May seeing 81TWh net injections, 26% less than the five-year average. Nevertheless, total storage remains well above schedule and 15TWh above this time last year. The movement of LNG cargoes from Europe to NE Asia often occurs during Q3 of each year and doesn’t tend to impact the region’s capacity to fulfil its storage requirements, however with lukewarm demand in Europe this summer the transition has occurred earlier.

03/06/2024	Power prices and spark spreads lost value on Friday. UK Power June ’24 Baseload expired at €86.68/MWh on 31 May, €53.21/MWh above French counterpart indicating that power imports from France likely through front month.
04/06/2024	UK power traded higher on Monday’s session amid worries surrounding European gas supply. Wind power production is forecast well above the seasonal norm by more than 20% at an average of 12.2GW for the rest of the week. Far curve products were also supported by a slight uptick on the UKA December ’24 contract.
05/06/2024	UK power contract moved lower on Tuesday unable to withstand significant pressure from downward moves on the NBP gas market. Renewable power is comfortable in the prompt horizon, Solar production has been revised upwards to between 10-20% above the seasonal norm, averaging 3GW for the remainder of this week, similarly wind power output remains well above the model average by more than 20% for the rest of the week.
06/06/2024	UK Front month power lost £2.29/MWh on Wednesdays session. UK Carbon December ’24 fell 2.3% session on session adding downward pressure to the power far curve.
07/06/2024	Front week wind generation was revised marginally higher, alleviating some pressure on sparks in the prompt.
10/06/2024	Summer 2027 decreased on Monday while the rest of the curve moved upwards with NBP prices.
11/06/2024	Wind power production is forecast well above the model norm by more than 20%, averaging 8.9GW for the rest of the week while solar power is in line with seasonal normal averaging 2.4GW for the rest of the week. Front month gained £2.14/MWh although sparks along the curve were mainly unchanged, indicating the uplift was driven by gas.
12/06/2024	UK Power reversed some of the previous day’s gains as front month lost £0.81/MWh. Front week wind generation was revised marginally higher, alleviating some pressure from sparks.
13/06/2024	Front week wind generation was revised downward by 0.7GW, set to average 7.7GW which is 10-20% above norm.
14/06/2024	UK power lifted session on session drawing strength from NBP Gas. The 1GW IFA2 interconnector between the UK & France is set to return to full capacity from 14:00 GB time on 14 June.
17/06/2024	UK power lost value on Friday amid weaker near curve gas and weaker UKA’s. In June so far, demand in the UK has averaged 27.4GW, which is 1.7GW below the 2019-2023 average.
18/06/2024	UK Power traded lower on Monday amid weaker gas prices.
19/06/2024	Wind saw a downward revision of 1.4GW for the front week taking it to 6.3GW which is roughly seasonal normal and prompted a £1.32/MWh uplift in sparks for front week.
20/06/2024	UK power gained value in line with gas prices. A 0.7GW downward revision in wind generation estimates for the remainder of this week to 4.9GW, which is 20% below the seasonal norm also supported prices.
21/06/2024	Gas prices across both the UK & continental Europe softened slightly on Thursday as concerns on supply constraints were partially relaxed. The Wheatstone LNG plant in Australia, offline since the early June has signalled it is to restart operations one week earlier than expected, relieving pressure on the global LNG market and subsequently reducing the price competition European destinations face to secure volume. The outright market maintains a heavy embedded risk premium as the Uniper-Gazprom court ruling lacks clarity on how this will impact third-parties and gas supplies into Europe. Gazprom continues to directly supply gas into the continent via the Turkstream pipeline into EU nations, a risk which third-party off-takers such as OMV in Austria have cautioned. Power prices followed suit but additionally dropped as the front year UK carbon price fell 7.7% day-on-day. Speculative positioning on UKA’s has increased in the product of late and heavy sell-side trading placed downward pressure on the product; one which is far less liquid than its EU counterpart (EUA’s). This dropped the outright price spread of thermal generation in the UK down, lowering overall prices with the Winter’24 contract notably dropping £1.95/MWh to settle at £88.42/MWh.
24/06/2024	UK Power prices continued declines on Friday as they track bearish NBP and UKAs. December ’24 UKAs dropped by 2% which dragged the curve lower. Front month traded £0.73/MWh lower as we approach the beginning of delivery.
25/06/2024	Prices rose with climbing NBP gas prices on Monday, while maintenance schedules at several of the UK’s nuclear units were altered.
26/06/2024	UK power lifted in line with gas on Tuesday’s session. UK Carbon gained £1.64/tCO2 lifting the far curve.
27/06/2024	Solar power production for the remainder of the week is forecast 10-20% above norm while, Wind generation is forecasted more than 20% above seasonal for remainder of the week. UKAs reversed much of Tuesdays gains losing 3% day on day which helped power contracts ease across the curve and lifted sparks marginally.
28/06/2024	Most UK curve contracts lifted yesterday with July gaining a modest £0.32/MWh in its penultimate day as front month. An Unplanned capacity reduction on the 2GW IFA1 interconnector has been extended, with capacity reduced to 1.5GW until 29 June, the Interconnector also has a planned 1GW reduction between the 2nd -5th July.
01/07/2024	UK Power near curve eased while the far curve lifted on Friday’s session. Front season Winter 24 traded £0.59/MWh higher. The 2GW IFA1 interconnector between UK - France will operate at reduced capacity of 1GW from 2-5 July for planned construction works.
02/07/2024	The power curve dropped on Monday in line with NBP gas. Front-week prices rose through the morning amid an upward revision in temperatures which is likely to increase cooling demand.
03/07/2024	Wind generation is expected to increase throughout the week, rising to 10.6GW on Wednesday and more than 14.0GW on Thursday. The increased wind dragged down Day ahead prices. UKA carbon gained £1/tCO2 supporting the far curve.
04/07/2024	Power prices fell in line with an easing gas market. Prices in the prompt, particularly day ahead shed significant value amid a sharp increase in wind power generation in the UK, with wind expected at 13GW on Thursday, almost double the previous day.
05/07/2024	Nuclear availability in the UK is scheduled to be 5.3GW through July, 0.5GW below the 2019-2023 average.
08/07/2024	UK power prices moved in line with Gas on Friday’s session with front month losing £1.43/MWh. An extended period of below seasonal normal wind in the UK will keep CCGT generation elevated for much of this month, contributing to a lift in week ahead spark value.
09/07/2024	UK power prices echoed the moves seen in the gas market. Lower wind in the prompt has pushed up gas for power demand.
10/07/2024	UK Power traded lower on Tuesday’s session driven by NBP gas. Spark spreads also lost some value across the curve owing to upward revisions to wind in the prompt horizon, as the remainder of this week and next week sits 10-20% above seasonal normal.
11/07/2024	The far curve saw weaker UK Carbon contribute to the lower sparks.
12/07/2024	UK Power traded lower on Friday driven by NBP Gas. The 2GW IFA1 interconnector between the UK and France has had an unplanned capacity reduction, reduced to 1.25GW until 22:00 London time 12 July.
15/07/2024	UK power followed in the footsteps on NBP gas on Friday’s session. Front week power bucked the trend and eased £1/MWh owing to the wind generation forecast for week commencing 15th July being revised upward by 1.1GW to 7.7GW, more than 10% above seasonal average.
16/07/2024	UK power moves mirrored that of last Friday, as an upward revision in wind put downward pressure on the front week. Front month lost roughly £1/MWh while the associated spark spread eased £0.42/MWh.
17/07/2024	The Power curve lifted in line with NBP and TTF although sparks remained mostly flat. UK wind rises from 2GW on the 17th of July to 6GW by this weekend. French nuclear availability for the remainder of this week is scheduled to average 43.6GW which is 8GW above the 2019-2023 average.
18/07/2024	UK Front month traded £/MWh lower due to bearish gas and Carbon. Wind output for rest of this week is forecast 10-20% below seasonal at an average 5.6GW while strong solar power production at an average 2.7GW for the remainder of the week could offset this.
19/07/2024	UK power traded higher on Thursday’s session. Front month gained £1.89/MWh.
22/07/2024	Power markets were also reflected by low liquidity on Friday. Wind output for the week commencing 22nd July was revised downward by 1.4GW which supported the week ahead contract, wind is now set to average 5.9GW which is within seasonal nor
23/07/2024	Power Sparks mostly increased along the curve triggered by a downward revision in wind. Front month gained £0.25/MWh on the spark.
24/07/2024	The IFA1 interconnector between the UK and France has an unplanned outage of 636mw until the 29th July potentially supporting prices this week or at least alleviating some bearish pressure. The outage coincides with a period of below seasonal normal wind excluding the 25th July; Wind generation the rest of this week will average 4.3GW versus a seasonal normal of 6.3GW
25/07/2024	Gas prices yesterday rose steadily across both the UK & continental Europe despite the fundamental outlook remaining broadly unchanged. Prices lifted greatest in the front month NBP contract, rising 3.2p/th; a 4.5% day-on-day rally. With little change in the future outlook, profit taking and technical drivers have been mooted as suggestions into why the market rose so sharply. Nevertheless there were a number of buy-side drivers which pushed up demand intra-day. LNG demand in Egypt has been looking for alternative sources of supply since the Red Sea has been deemed too dangerous for LNG tankers to utilise, challenging European buyers with additional regional competition. However, LNG supply in the region is already at its lowest level since Sep21 as ample EU storage levels and strong Norwegian gas supplies have reduced the demand for spot cargoes, most of which have transferred into the Pacific theatre. Power prices broadly followed gas with spark spreads remaining relatively unchanged. Strong nuclear availability from France has suppressed the need for CCGT demand across much of NW Europe, keeping all bar peak spreads out-the-money for the majority of Cal24-Cal25 contracts.
26/07/2024	With a strong solar power forecast expected until the end of August, it is likely that generation will continue to boost above historical averages, supporting supply margins. Wind power production in July so far has averaged 6.5GW, which exceeds the five-year average by 1GW.
29/07/2024	UK power traded higher in line with gas however week ahead prices were also supported by an upward revision in temperatures for the week commencing 29th July. Solar power generation in the UK through July so far has averaged 2.3GW, which is 0.2GW above the 2019-2023 average.
30/07/2024	The UK system has opened 8mcm/day long this morning. Temperatures in the UK are peaking today and are expected to remain above the 10-year average until the weekend. Gas for power demand is higher due to weak wind generation and will remain until the end of this week. Wind generation is forecasted to lift next week, along with higher nuclear output with assets returning online. Total export nominations to the continent are at 339mcm/day. MRS continues to nominate injections into storage, and Rough nominates 4mcm/day, slightly less than the previous day. The UK currently has one LNG cargo expected to arrive on the 3rd of August at Milford Haven
31/07/2024	Front month power traded lower day on day driven by the week ahead product which sits in August losing £2.92/MWh owing to a 1GW upward revision in week ahead wind. A Full capacity planned outage at the 1.4GW UK-Denmark Viking Link interconnector between 5-18 August will wipe out flows temporarily between the two nations, however temps returning closer to seasonal demand should reduce some of the excess cooling demand alleviating the pressure from the loss of the Viking link.
01/08/2024	Front month gained £1.16/MWh in the last day of trading. UK wind power is expected to be above seasonal normal for the first half of august, exceeding historical averages by approximately 20%. UK Power still maintains its premium to French power, and current price spreads suggest we should see imports from France continue in August.
02/08/2024	UK power lifted amid stronger NBP gas. Front month gained £2.30/MWh.
05/08/2024	Above seasonal wind in the first half of august put downward pressure on power prices in the prompt. Sept 24 the front month contract settled £0.81/MWh lower day on day.
06/08/2024	UK Power contracts eased on Monday amid a weaker energy complex. UKAs lost £0.30/MWh putting downward pressure on the near and far curve. Wind generation for the rest of this week is set to average 10.6GW, more than 20% above seasonal normal. A production restriction at Golfech nuclear power plant in France was extended and will now end on 14 August, however French supply margins remain wide due to high production levels from the remainder of the nuclear fleet.
07/08/2024	UK Power prices similarly recouped Monday’s losses. UKAs gained £0.48/tCO2 supporting the far curve.UK nuclear generation is expected to reach almost 6 GW in mid-august, up from 4.1GW in mid-July.
08/08/2024	Global gas markets saw a further uplift yesterday as the geopolitical landscape continued to place upwards pressure on prices. Ukrainian forces currently fighting a defensive war in the Dombas region surprised many by taking the fight into Russia itself, attacking the Kursk region and capturing the strategic Sudzha region, circa 70km North of the Ukrainian city, Sumy. The Sudzha region is important to European gas supplies as it holds the processing plant which sends natural gas from Russia into Eastern Europe via Ukraine, exiting at the Velke platform on the Slovakian border. Whilst supplies currently remain flowing as per forecast, the risk of losing such supply equating to 12TWh per month saw the front month NBP contract lift 4.7p/th, a 5% day-on-day uplift. LNG would be the likely replacement source, already under strain given the Atlantic fleet has seen a notable reduction in vessels this summer, most of which have departed for the more lucrative markets in N.E Asia. This has added further concern onto an already sensitive market; attributed to the conflict in the Middle-East off threats to Israeli gas exports into Egypt and the closure of the Red Sea for LNG vessels.
09/08/2024	Geopolitical risk took centre stage on Thursday as gas prices rallied across the majority of markets and periods in both continental Europe & the UK. Concerns over the near-term gas flows from Russia into Eastern Europe saw the Sep24 NBP contract lift 3.3p/th to settle at 98.2p/th. The front month NBP contract has surged 27% since the 23rd July as the combination of duel security of supply threats from the Russia-Ukraine war and the conflict in the Middle-East continues to squeeze what was prior, a stable fundamental outlook. The recent incursion by Ukrainian security forces into Russian territory, a first in the 18month war has been viewed as a supply risk to Europe as they current hold the key gas supply plant in the Sudzha region of SW Russia. Any sizeable reduction in flows from this plant will likely see suppliers in Eastern Europe look towards LNG procurement from the wider spot market. LNG supply whilst also showcasing 3year record low flows should see an increase in the coming months off a result of the most recent price rises. Asian markets have not been able to keep up with the price uplift with Europe who have now regained their position as the most profitable destination for Atlantic loading cargoes from September onwards.

12/08/2024	Despite upwards move in NBP gas the UK power bulls faced some resistance as 2024 dated contracts lost some value day on day due to an upward revision in wind power in the prompt horizon. Wind power for the remainder of August is expected to be 15% above seasonal normal.
13/08/2024	Bullish momentum in NBP gas and carbon markets has lent support to UK Power contracts along the curve. Strong renewables are helping the UK power mix with both wind and solar above seasonal normal this week. Severe heat in France has prompted up to 2.4GW of nuclear capacity to be cut, although capacity remains above seasonal normal, and curtailments have not affected flows to the UK.
14/08/2024	Temps in the UK are expected to average 1-3 degrees above the seasonal normal for the remainder of this week which will likely support cooling demand. Forecasts of cooler weather and well-above-average wind output weighed on week ahead prices.
15/08/2024	The UK far curve made modest gains on Wednesday following a pickup in UKAs, UK carbon for December 24’ delivery gained £0.36/tCO2. Front month was the exception losing £0.20/MWh while Winter 24 gained £0.69/MWh.
16/08/2024	The front month Sept ‘24 gained £1.30/MWh on Thursdays sessions, with the spark gaining a modest £0.19/MWh. September ’24 UK power prices are at a premium to European counterparts indicating the UK is expecting to maintain a net power import position for the front month contract.
19/08/2024	The UK power curve made marginal gains on Friday as front month gained £0.49/MWh. Cooling demand is expected to ease this week with temperatures set to average within the norm, before rising to 1-3°C above average in week 35. The Viking interconnector between the UK and Denmark retuned to service on the 18th August following 2 weeks of planned maintenance.
20/08/2024	UK power prompt contracts gained yesterday following a downward revision in wind for the remainder of august and the first half of September. The far curve moved in line with NBP gas and UKAs.
21/08/2024	UK power contracts dropped day on day yesterday following a sell off in NBP while sparks made marginal gains. Front month lost £3.18/MWh.
22/08/2024	Power prices continued to ease amid a weakened wider complex. UKAs lost £0.37/tCO2 settling at £40.55/tCO2.
23/08/2024	UK Power traded in lower in line with Gas during yesterday’s session, sparks on the near curve also lost some value. The £1.26/MWh decline on the week ahead spark could partially be attributed to improved wind during that horizon coupled with approx. 1GW of CCGT generation returning to service this weekend. UK Nuclear generation is expected to average 5.4 GW over next week before easing further to 5GW in the start of September due to maintenance.
26/08/2024	UK power traded higher day on day although gains were modest, front month settled £0.40/MWh above the previous close.
27/08/2024	Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East. Libya's eastern-based government announced the closure of all oil fields on Monday, halting production and exports. US Federal Reserve Chairman Jerome Powell signalled it was time to cut US interest rates at his speech at the annual Jackson Hole conference in Wyoming on Friday. Powell suggested the 2% inflation target was within reach.
28/08/2024	UK power traded higher day on day although gains were modest, front month settled £0.40/MWh above the previous close.
29/08/2024	UK front month settled £1.12/MWh higher as it approaches the final days of trading before delivery. Temperatures across France, Germany, Italy, most of central and eastern Europe through the first week of September were revised upward to more than 3°C above norms likely boosting cooling demand. UK Temps will also remain above seasonal normal for the first half of September while UK wind power production for next week was revised downward to below the norm at an average of 5.5GW.
30/08/2024	The swift return from an unexpected one-day outage at the Freeport LNG terminal in the USA relieved partial fears of a LNG supply constraint, softening the NBP Gas market across much of the curve on Thursday. The LNG export facility had initially shutdown on Wednesday after the fire safety suppression system had been unexpectedly activated during routine maintenance. Geopolitical risk embedded within Continental & UK energy markets remains volatile, heightened by the planned Norwegian end-of-summer maintenance schedule which began on Thursday. By close-of-business the Winter’24 contract had fallen by 0.59p/th to settle at 105.05p/th. UK power prices followed much of the movements in the gas markets albeit at a lesser rate as forecasted wind generation over the next two weeks rebounded slightly to narrow spark spreads. That said, wind generation in NW Europe is still expected to generate less than seasonal averages, placing pressure on alternatives sources of generation.
02/09/2024	UK power lifted in line with NBP gas and drew further support from UKAs. UK carbon lifted £1.1/tCO2 predominantly supporting far curve contracts.
03/09/2024	UK Power also shed value on both the outright contracts and the spark spreads At an average of 5.6GW, wind power for the remainder of week 36 is forecast below the norm while solar generation is in line with seasonal average for the remainder of the week.
04/09/2024	Prices sold off throughout much of Wednesday as a result of strong renewables forecasts in the prompt, the end-of-summer Norwegian planned maintenance schedule going to plan thus far and the commitment-of-trades-report showcasing an increased long position by investment funds on last week’s close. Much of the emphasis within European & UK gas markets of late has focussed on the geopolitical climate off the Russo-Ukrainian War and the continued conflict in the Middle-East threatened supply metrics. This intensified over August as Ukraine took ground in the Kursk region of Russia which includes the key gas processing plant in Sudzha; feeding Eastern Europe with piped gas and threatening potential supply disruption into the region if the plant was taken offline. With the immediate danger now seemingly dissipated, the embedded risk premium has begun to erode with the largest fall occurring in the front month NBP contract which fell 3.45p/th to settle at 85.7p/th
05/09/2024	The Front month contract is now slightly lower than the opening mark of the 6th August when Ukraine entered the region and 22p/th lower than its peak on the 12th August when initial reports of damage to the gas processing plant in Sudha, saw prices spike.
06/09/2024	Prices finally bounced for much of the European & UK gas markets yesterday, ending their most recent fall since mid-august. The largest gains, albeit relatively modest was seen in the Oct24 NBP contract which rose 1.09p/th to settle at 86.79p/th off a combination of profit taking opportunities and stable fundamentals. With the Norwegian gas summer maintenance well under way, which has removed inflows of circa 140mcm/d into the continent, overall storage injections into Europe have dropped to 1.7TWh/d on average over the last 10 days, half the previous daily average injection prior to the start of the planned maintenance. Despite outright capacity now sitting above 92% and well-above target, the sensitivity to any changes in fundamentals and the geo-political climate are more acute. Power prices followed on much of the rally in gas bar the prompt which continued to drop as rising renewable generation forecasts saw the UK Power peak week-ahead clean spark spread narrow –2.95 £/MWh to settle at -4.60 £/MWh deep out-the-money for any CCGT plants.
09/09/2024	A slight drop in temperatures and renewable generation over the next few weeks saw gas prices rebound slightly with the front month contract rising 1.21p/th to settle at 88p/th by close-of-business. With little change on the geopolitical landscape over the last few sessions, demand-supply metrics have come back into the spotlight as heavy planned maintenance in Norway has reduced the continents flexibility to deal with any change to immediate fundamentals. The 10-day average daily injection rate for European gas storage has dropped to 1.3TWh its lowest rate since early May, however with overall storage levels sitting at 93%, the slowing of injections has been partially expected.
10/09/2024	Near curve contracts following an upward trend through morning trading, likely reflecting similar gains on the UK NBP near curve. European wind generation this week is expected to average more than 20% above norm, with UK wind at 11.8GW in Britain which will likely push down gas-fired power demand. During September to date UK net power imports from France have averaged 2.4GW, this is 1.4GW higher than September 2023.
11/09/2024	UK power took direction from NBP gas across the curve despite a downward revision in wind which now takes forecast to 3GW below seasonal normal for next week. Front month traded £3.62/MWh lower.
12/09/2024	UK power contracts lifted on yesterday’s session spurred on by NBP, although spark spreads along the curve went further negative, with front month losing £0.42/MWh spark value.
13/09/2024	An unwind of the embedded risk within global gas eroded throughout much of yesterday as the damage report off Hurricane Francine thus far has been limited. Initial forecasts had the Hurricane to make landfall near the Cameron LNG facility but a late eastwards diversion saw the plant miss direct contact and the strongest winds. With the immediate risk now passed and LNG vessel loading recommencing, the front month NBP contract soften 3.2% to settle at 84.65p/th. However, much uncertainty remains in the European Gas & Power markets as limited supplies and potential weather displacements is holding prices from falling further. The UN world meteorological organisation (WMO) announced on Thursday of a 60% chance that a switch from neutral conditions to a La Nina scenario will occur by the end of W24 (Mar25). Although originating in the Pacific, its global outreach is immense and often brings a higher frequency of Hurricanes in the Atlantic and colder conditions in the Europe. With piped gas from Russia no longer an option for Western Europe, any increased demand and colder than average winters will place notable stress on prices.
16/09/2024	UK power made gains day on day. Front month closed almost £1/MWh higher, however near curve sparks were largely unchanged.
17/09/2024	UK power saw bearish moves as it came under pressure from Gas and healthy power supply in the prompt. French nuclear availability is set to average 43.8GW for the rest of the week, 7.4GW above the 2019-2023 average. The full capacity unplanned outage on the 1GW IFA2 interconnector between the UK and France is expected to end on 20 September.
18/09/2024	UK Power traded higher on Tuesday’s session buoyed by NBP moves. However, Sparks were down across the board. Strong wind output is forecasted in the UK for the coming week, the expectation is wind will be more than 20% above the average which is likely to offset low solar.
19/09/2024	UK power saw losses on Wednesday’s session amid bearish gas, carbon lost £1/tCO2 which also pressured the far curve.
20/09/2024	Thursday saw a significant downwards correction across all major European Gas & Power markets off breaking news suggesting that gas flows between Russia & Eastern Europe via the Ukraine may continue beyond Dec24; contrary to previous market sentiment. Ukraine had signalled earlier this year that they would not extend their transit agreement, responsible for 14bcm/year beyond the current terms due to end on the 31st Dec 2024. Nevertheless, reports of Azerbaijan potentially offering a technical solution rocked the market with 2025 contracts coming under notable pressure, with the Summer’25 NBP Gas contract falling 7.1p/th, a 8% day-on-day reduction in price. With no physical pipeline between Ukraine and Azerbaijan and Azerbaijan’s TAP pipeline (via Turkey into Southern Europe) already flowing to near capacity, any viable agreement is likely to revolve around either a financial or physical swap between Russia-Azerbaijan before ultimately flowing through Ukraine via existing infrastructure. With Ukraine & Russia currently engaged in armed conflict, no official confirmation has been yet announced nor has the details of any possible agreement and expected flows.
23/09/2024	Uncertainty on the claims that Ukraine would sign up to a replacement to the Russian Gas transit agreement saw the gas and power markets rebound on Friday with the front month NBP Gas contract rising 74.86p/th to settle at 83.36p/th. On Thursday the news agency Ukrainska Pravda had quoted government officials in stating that an agreement had been reached between to relevant parties to utilise Azerbaijani Gas to replace the 14bcm/year previously expected to cease flowing through Ukraine from 1st Jan 2025. On Friday however the news agency back tracked stating there was currently no agreement in place nor any relevant negotiations. Nevertheless, Azerbaijan has publicly declared they have been approached by both the EU and Ukraine in finding a solution to the ending of this transit agreement. Power prices followed on much of the movements in gas albeit, however 2025 contracts at a slightly lesser rate given the prospect of transit flows via Ukraine remain a viable option off potential negotiations between the relevant parties on the transit deal replacement.
24/09/2024	UK Power settled higher on Monday’s session, although sparks went further negative. Wind power expectations for the first week in October have been revised upwards 2.0GW to 11.1GW, over 20% above norms.
25/09/2024	Prices remained relatively balanced on Tuesday as colder temperature forecasts for the beginning of October offset expectations of higher than average renewable generation over the same period. By close-of-business the front month NBP Gas contract had risen 0.2p/th to settle at 86.31p/th. The minor uplift saw prices return to their previous levels seen prior to the now retracted announcement of an Ukrainian-Azerbaijani agreement which suggested a replacement for the Russian Gas transit agreement due to end of the 31st Dec 2024; a 12% fall & rise since Thursday. Whilst it is understood the Azerbaijani government has been approached by parties involved in the transit agreement, no official details have been made and developments remain unclear into whether any agreement will be made or whether existing flow volume will be fully replaced. Power prices have continued to lag behind like-for-like gas as the market has priced in potential extra gas supplies from 2025 onwards, reducing the reliance on more expensive thermal units across the European continent. The end-of-day the Winter’24 contract had fallen 0.38 £/MWh to settle at £80.25/MWh.
26/09/2024	The combination of falling temperatures in the first two weeks of October combined with low LNG inflows saw the UK & continental gas markets continue its rise and recovery from last week’s price crash. The Q4 NBP contract eventually closed 3.69p/th up day-on-day to settle at 94.06p/th, the first time the contract has closed above its pre-Thursday price crash settlement price. LNG inflows remain low with <20TWh discharging across Europe this week, amongst the lowest inflows since 2021. A combination of high storage levels, the return of Norwegian gas capacity and steady demand in NE Asia has capped European inflows throughout this summer. In addition, the threat of a possible incursion into southern Lebanon by Israeli forces has increased the risk premium across near-term gas contracts. Last October the Tamar gas field was temporarily closed following the attack by Hamas and the IDF’s entry into Gaza. The field is currently a key supplier of gas into Egypt with any shortfall likely to drive up LNG demand.
27/09/2024	Thursday saw another day of high volatility in the continental gas market as conflicting fundamentals saw prices fluctuate throughout the day. The market initially rose at a steady pace throughout the day off a mixture of colder temperatures forecasts, adverse weather conditions in the Gulf of Mexico off Hurricane Helene and the continued escalation of the conflict in the Middle-East; the concern being that any incursion into Southern Lebanon by the IDF could hamper regional gas supplies. Prices fell suddenly however off a late in the day statement by the head of the Slovakian state-owned gas company SPP, clarifying that they were continuing to seek a resolution to the ending of the Ukrainian transit deal and that negotiations were ongoing. Nevertheless, the drop could not be sustained and the front month NBP contract eventually settled up 0.86p/th to close at 91.41/th.
30/09/2024	The rising escalation of the conflict in the Middle-East compounded low LNG inflows and cooler temperature forecasts over October to lift prices across the curve in both the UK & continental Europe. The most notable uplift was seen in the Dec’24 contract which rose 0.46p/th to settle at 98.21/p/th, its highest close in over two weeks. The assassination of the leader of Hezbollah, Hassan Nasrallah on Friday questioned the wider geopolitical impact on the commodities market with key export gas plants off the coast of Israel particularly vulnerable to attack. With potential risk of a ground invasion by the IDF into Southern Lebanon and its unknown consequences, the market has seen embedded risk premiums for mid-term contracts rise. The geopolitical risk has compounded a squeezing of the fundamental outlook of late with last week experiencing the lowest LNG inflows into Europe since Oct’21. Whilst overall European storage levels remain close to record levels and Norwegian maintenance working to schedule without any significant delays to service, the cooling of temperature forecasts has seen expected demand rise, pushing up forward prices.
01/10/2024	The imminent threat of a major incursion by the IDF into southern Lebanon and the risks it holds on global gas supplies saw energy markets across the UK & continental Europe rise throughout much of yesterday. Q4’24 saw the largest movement day-on-day, rising 1.19p/th to settle at 96.36p/th. Prices have begun to creep up off genuine concerns of the conflict spilling into other theatres, much as the initial conflict with Gaza eventually drew in Lebanon twelve months after hostilities began in earnest. Nevertheless, with limited impact to immediate supplies, the overall rise concerning the gas market has been modest, especially given the Red Sea is already a no-go route for LNG cargoes of late. Fundamentals additionally have been tightening over the last week with cooler temperatures expected in the near-term, potentially drawing forward the winter gas storage withdrawal itinerary earlier than previously forecast. Without piped Russian gas into central Europe and a La Nina Pacific cooling event holding a 60-70% likelihood by the end of the year, the market currently questions Europe’s ability to cope with a possible seasonal downturn in temperatures. Whilst European gas storage is expected to provide ample cover until the end of March, the greater emphasis now sits with Summer’25 if storage levels were significantly depleted. With EU countries now placing minimum storage levels on their domestic asset by the end of each summer, any significant depletion is likely to push up prices to draw in flexible LNG supplies from other regions.
02/10/2024	The UK gas market has opened in line with last nights close but has since softened through the morning. The front month Nov-24 contract is currently pricing at 97.50p/th, roughly 1p/th lower than the previous session. Commodity markets strengthened yesterday following escalations in the Middle East and after Iran launched missile attacks against Israel. The ongoing conflict continues to provide bullish support despite bearish improvements in the fundamentals. Milder weather this week has seen a drop in demand. LNG send out is up around 23mcm with 3 cargos expected to hit UK shores this week. This increase in LNG is allowing for an increase in storage injections, with nominations into UK medium range storage sites at 16mcm today. However, Langeled nominations have reduced following 2 unplanned outages, taking a combined 18mcm offline, at Asgard and Troll.
03/10/2024	UK power closed lower on Wednesday session in line with NBP GAS. Sparks on the near curve were mostly flat however contracts delivering in 2025 closed lower. The 2GW IFA1 interconnector between the UK and France is expected to come online on the 24th October following a planned outage.
04/10/2024	UK Power settled higher yesterday; Front month gained £2.98/MWh to settle at £84.96/MWh. Wind power production next week has been revised upward to well above average at 11.2GW. Far curve contracts follow bullish momentum as the UKA December ’24 was supported through morning trading, rising almost £1/tCO2 to settle at £36.65/tCO2.
07/10/2024	Continued escalation of the conflict in the Middle-East saw the UK & continental gas markets rally throughout much of Friday off weekend covering and dour expectations of Israel’s response to Iran’s rocket attack earlier in the week. The front month NBP contract saw the largest uplift, rising 2.2p/th to settle at 102p/th, its highest close since mid-August. Whilst an attack on Iran’s nuclear program is expected to be off-limits at this stage, the same could not be said for Iran’s crude operations which currently account for 4m barrel’s per day of global production. With the U.S. President, Joe Biden stating that discussions were being held concerning possible strikes to Iranian oil infrastructure, gas markets reacted wildly with the Q1’25 NBP price lifting 5% since the public disclosure. Despite the forecast of limited immediate impact to gas supplies, the threat of a wider conflict and crucial LNG flows from the Strait of Hormuz has increased the embedded risk premium across all contracts. In addition to the bleak geopolitical outlook, fundamentals continue to tighten with both temperatures and wind generation falling across much of NW Europe within month. Whilst overall EU gas storage levels remain near record highs, any prospect of a colder-than-expected winter will test the continents supply framework with not-on-contract LNG cargoes now the marginal supply of gas to the region. The prospect of which is likely to keep the market volatile as Europe competes with NE Asia for market share.
08/10/2024	UK power settled lower on Monday and near curve sparks also lost some value. November 24 the front month contract fell £0.93/MWh. Despite being revised down 0.5GW session on session, British wind power generation is expected to average 10.7GW over Week 41, over 20% higher than average which will suppress demand from CCGTs.
09/10/2024	Lower demand fundamentals within the front month coupled with a slight softening of the geopolitical outlook on Tuesday to push down prices across the energy complex. The New York Times reported that Israel was focused on targeting military bases and intelligence sites as a response to Iran’s missile attack on the nation last week. Whilst oil infrastructure has been mooted as a possible target given Iran’s reliance on the commodity, the global impact to such a scenario is one which many of Israel’s allies are keen to prevent. Iran currently produces 4m barrels per day of crude with China the major destination and western nations are additionally not keen to see a sharp uptick in crude pricing so soon after the global economy has begun to settle off the 2021-2023 inflation surge. The breaking news saw the short-term embedded risk premium erode throughout the day with the Nov’24 NBP contracting shedding 4.53p/th to settle at 97.07p/th. On top of this came updated temperature forecasts which saw milder temperatures across much of NW Europe than previous across the front 4 weeks, showcasing a +1-2c improvement, reducing the need for gas storage withdrawals as we get deeper into winter.
10/10/2024	Lower demand fundamentals within the front month coupled with a slight softening of the geopolitical outlook on Tuesday to push down prices across the energy complex. The New York Times reported that Israel was focused on targeting military bases and intelligence sites as a response to Iran’s missile attack on the nation last week. Whilst oil infrastructure has been mooted as a possible target given Iran’s reliance on the commodity, the global impact to such a scenario is one which many of Israel’s allies are keen to prevent. Iran currently produces 4m barrels per day of crude with China the major destination and western nations are additionally not keen to see a sharp uptick in crude pricing so soon after the global economy has begun to settle off the 2021-2023 inflation surge. The breaking news saw the short-term embedded risk premium erode throughout the day with the Nov’24 NBP contracting shedding 4.53p/th to settle at 97.07p/th. On top of this came updated temperature forecasts which saw milder temperatures across much of NW Europe than previous across the front 4 weeks, showcasing a +1-2c improvement, reducing the need for gas storage withdrawals as we get deeper into winter.
11/10/2024	UK power traded higher on Friday’s session, a near term downward revision in UK wind generation amid rising NBP prices lifted the UK front month contract by £3/MWh.
14/10/2024	UK Power fell on Friday’s session, front month lost £1.31/MWh. UK Carbon made marginal gains day on day which limited some of the losses on the far curve.
15/10/2024	UK Power prices tracked moves on the NBP gas hub and UK Carbon market, Dec 24’ carbon climbed 1.3% session on session. Wind output for the rest of week 42 was revised downward by 0.7GW while front-week wind output saw an upward revision of 1GW to a daily average output of 11GW, 10-20% above the norm. Interconnector capacity with France has been reduced from 4GW to 1GW until 18 October due to outages on the IFA1, IFA2 and ElecLink interconnectors. National Grid posted a capacity market notice for 16:30 London time on 14 October due to supply margins being below the 500MW threshold set out in capacity market rules.
16/10/2024	UK Front month lost £1.27/MWh, to settle at £86.36/MWh; sparks along the curve also fell deeper into negative territory. The UK is likely to maintain a net power import position through the front quarter, as UK power Q1 ’25 base and peak contracts both hold a premium to European counterparts.
17/10/2024	UK power continued declines on Wednesday driven by both weaker gas and UK carbon, stronger renewables also supported bearishness. Forecast wind power generation for this week has been revised up 0.5GW and is now expected to average 13.5GW.
18/10/2024	Prices across the UK & continental Europe saw a modest rally in the near-term yesterday with the front month contract rising 0.5p/th to settle at 98.4p/th by close-of-business. The rise in the near-term has been attributed to an unplanned outage on the FR-UK IFA2 interconnector for a further month. The interconnector which has the ability to transfer up to 2GW of electricity between the two nations has been regularly flowing in the UK of late due to the higher prices at delivery compared to its counterpart. With the loss of this interconnector flow and with CCGT’s remaining as the marginal unit of despatch, the extra demand saw spark spreads for November peak contracts widen by 0.53 £/MWh to close at 12.32 £/MWh. The uplift in the prompt however could not be sustained with seasonal contracts continuing their weekly downward shift, the most notable was the S25 Power contract which fell 0.65 £/MWh. The winter outlook assessment by Metdesk on Wednesday evening showcased a marginally warmer Q1 than seasonal expectation, reducing the need for larger gas storage injections for next summer and subsequently pressurising prices off lower demand.
21/10/2024	UK Power settled between lower on Friday’s session although UK carbon limited losses at it gained £0.35/tCO2 day on day. UK power demand through October to date has averaged 31.2GW, which is 0.7GW less than the October 2019-2023 average.
22/10/2024	UK power also made gains yesterday. Front-week wind output revised upward by 1.1GW, now set to average 10GW which is within the norm. The 2GW IFA1 UK-France interconnector is currently operating at 1GW due to planned construction works but is set to return to full capacity on Thursday, which will take some pressure off from UK generating assets.
23/10/2024	November 24 the front month power contract gained £1.45/MWh. The UKA December ’24 carbon product climbed £0.45/tCO2 from Monday’s close, lending support to the far curve. The UK has maintained a net power import position so far through October, with net inward flows from 1-21 October averaging 3.3GW, which is 1.3GW above the October 2023 average.
24/10/2024	UK front month power gained £2/MWh during yesterdays trading session. Wind power production for the rest of this week was revised downward by 0.5GW yesterday, and is now set to average 8.4GW, which is 10-20% below the norm.
25/10/2024	UK Power front month saw a £2.60/MWh uplift as there is now more certainty on renewables with the contract approaching delivery. Baseload spark spreads remained resilient on the near curve, although far curve lost some value day on day.
28/10/2024	UK power gained along the curve. The upward moves were driven by a combination of NBP bullishness and a downward revision in renewable generation. UK wind power generation was revised and on Friday was forecast to average 7.4GW through week commencing 28th Oct, which is more than 20% below the norm.
29/10/2024	UK Power shed value in line with NBP gas. Near curve sparks gained significant value session on session due to increased confidence in forecast, November 24 Base clean spark spread gained £1.14/MWh.
30/10/2024	Limited wind power production and ongoing outages on IFA2 and ElecLink interconnectors between UK and France are lifting demand for gas-fired power generation, the front month spark spread gained £1.48/MWh becoming positive for the first time since 6th February.
31/10/2024	UK power contracts reversed some of the previous session’s gains. UKAs settled £1.68/tCO2 lower which put downward pressure on the curve contracts. November Sparks reversed it's gains falling back into negative territory.
01/11/2024	UK Power front month traded £1.59/MWh, both near and far curve contracts softened amid weaker gas although the Winter 25 contract remained resilient. Front week temperatures revised upward to more than 3°C above the norm while front week wind generation was revised 1.7GW higher and is now set to average 7.9GW which is still 20% below normal.
04/11/2024	Wind output for the rest of this week was revised downward by 1.6GW to a daily average output of 4.4GW, the forecast now sits well below the norm. Similarly Front week wind generation was revised down by 1.7GW lower
05/11/2024	The 1.4GW NSL interconnector between the UK and Norway is operating at a reduced capacity of 1GW until 8 November due to capacity curtailments to maintain operational security in Norway.
06/11/2024	UK Far-curve contracts showed gains through early trading, following a rise on the UKA Dec ’24 and UK NBP.
07/11/2024	The UK power curve gave in to downward pressure from NBP gas. Wind output for the rest of the week is set to average well below norm at 4.6GW. Front week wind output was revised 0.5GW downward and site more than 20% below the norm.
08/11/2024	UK power front quarter and front season prices rose through the morning, tracking underlying NBP movements. The Viking link and the NSL interconnectors are both expected to return to their full capacities of 1.4GW this afternoon.
11/11/2024	The UK front month December ‘24 price climbed on Friday’s session, tracking gains at the NBP gas hub. 1GW Elec Link UK-France interconnector set to return to service on 15 November, while IFA2 is expected to begin operations again on the 14th, although only 0.5GW will be available between 14th -17th November.
12/11/2024	UK power lifted in line with NBP. Sparks on the near curve lost value while the far curve was able remain resilient.
13/11/2024	UK Power curve saw mixed moves on Tuesday’s session as the far curve made gains, however near curve contracts registered small losses. UK renewables are mirroring Germanys current ‘Dunkelflaute’ weather pattern, a period of little wind and sunshine that has increased near term reliance on conventional generators.
14/11/2024	The current cold snap combined with an uptick in wind has put pressure on UK power sparks.
15/11/2024	As gas lifts buoyed by temps and geopolitics, power contracts despite trading higher have lagged causing sparks to settle marginally lower. UKAs gained £0.67/tCO2 on Thursdays session.
18/11/2024	UK Power traded higher on Friday buoyed by NBP Gas. Wind output for this week was revised upward by 0.3GW on Friday to 11.8GW an now sits 10-20% above the norm.
19/11/2024	UK power began the week higher as wind output for next week was revised down 1.8GW to 9.1GW which is 10-20% below normal. Interconnector capacity between the UK and France will continue to be reduced for the remainder of Nov, the 2GW capacity IFA1 is set to operate at 1GW from 21-29 November due to planned construction works, while a planned outage at the 1GW ElecLink will be extended by 10 days, returning to service on 1 December.
20/11/2024	UK power conceded to pressure from NBP gas. Reduced gas-fired power generation is likely through the remainder of the week as wind forecasts are well above average at 13GW, additionally UK December ’24 carbon fell 0.9% from Monday’s close weighing on front season prices.
21/11/2024	Upward wind revision in the prompt put downward pressure on UK power week ahead. The curve was driven by NBP gas so traded higher day on day.
22/11/2024	UK front month power gained £2.31/MWh on Thursdays session, in contrast the front month spark lost £1/MWh due to most of the uplift being driven by NBP gas.
25/11/2024	Wind power output revised upward from meeting the norm to above average in the first week of December and will now likely average 12GW. The improved renewable picture put downward pressure on front week and front month sparks.
26/11/2024	UK power prices were supported by bullish NBP moves on Monday’s session. UK front month gained £1.92/MWh.
27/11/2024	The climbdown from recent highs continued on Tuesday as the market gained further assurance that immediate gas flows from Russia via Ukraine would continue until the end of the year. Whilst the expectations that flows will cease from the 1st Jan 2025, these flows came under immediate threat after one of the major off-takers of gas from this pipeline, the Austrian state owned OMV announcing that they would cease payments to Gazprom.
28/11/2024	UK power front month lost £1.17/MWh day on day. Wind power generation was revised up 1.1GW for the front week, now set to average 13.7GW..
29/11/2024	UK power contracts eased on Thursday. Spark spreads also softened amid milder conditions and UK nuclear availability set to increase.
02/12/2024	UK power prices lifted on Friday’s session in line with NBP gas. Gas-fired power generation averaged 12.7GW through November, 0.8GW higher than the five-year average.
03/12/2024	UK Power traded higher on Monday’s session. Cooler continental temperatures and lower wind forecast through next week, as the market transitioned from December to January as front month, are driving UK power front-week prices.
04/12/2024	Front month power gained £0.33/MWh and the spark spread saw a similar move gaining £0.31/MWh. Much of the power curve shed value on Tuesday’s session, UKAs trading weaker would have contributed to the decline in outright power prices.
05/12/2024	UK power fell on Wednesday session as NBP came under significant downward pressure. Sparks across the curve lost value, markedly the front month contract lost £0.68/MWh session on session.
06/12/2024	UK power prices eased yesterday. UK Wind output was revised upward a further 3.1GW for the remainder of this week, averaging 18GW, well above average. Although near curve sparks recovered after losing value the previous day.
09/12/2024	The UK has maintained a net power import position in the first week of December, with net inward flows averaging 3.1GW, 1.5GW above the December 2023. Near curve sparks recovered on Friday’s session with front month gaining £0.25/MWh. Wind power production revised down 1.4GW from below average to well below average for the week commencing 9th Dec, and as of Friday was set to average 8.1GW.
10/12/2024	Front week wind output revised upward 1.6GW to 14.9GW, more than 20% above the norm. However, wind generation for the remainder of the current working week will however between 1-2GW. Reduced interconnector capacity is also adding to bullishness in the prompt as DA gained £20/MWh session on session. There is no transmission capacity available on the 1GW BritNed interconnector between the UK and the Netherlands until 13 December due to an unplanned outage and the 1GW ElecLink between UK-France remains offline until 15 December due to a planned outage.
11/12/2024	Low wind output during this week continues to support the day ahead prices, as day ahead base reached £180/MWh. Front month power traded £1.75/MWh higher, spark spreads long the curve also picked up increasing profitability for CCGT generators.
12/12/2024	Weak wind output of 2.5GW forecast for Thursday meant power Day-ahead continued to see bullish momentum. Week ahead wind output was revised down from 14.9GW to 13.8GW but remains well above average. A unplanned outage on the 1GW BritNed UK-Netherlands interconnector has now been extended from 13 December 2024 to 31 January 2025.
13/12/2024	Prices across both the UK & the continental energy complex continued its most recent downturn as milder temperature forecasts into the Christmas period weighed heavy on markets, already primed for notable drop in consumption demand seen annually during the festive period. Combined with this has been an upward revision of wind generation across NW Europe with the front two weeks expected to see a 24% uplift against seasonal averages. Nevertheless, concerns remain over the rapid dwindling of continental storage and high LNG prices in NE Asia has placed doubt on prices falling further. EU storage now stands at 920TWh, 10% lower than Dec23 with the 10-day daily average withdrawal sitting at 5.6TWh, notably higher than likewise temperatures would suggest versus past years. With heavy withdrawals amid mild temperatures combined with modest LNG supply, the regions ability to deal with any future cold snapped is likely to be severely tested. Furthermore, with the EU storage targets agreed at a 90% fulfilment requirement for all nations by the 31st Oct 2025, the current heavy withdrawals are placing further emphasis on the summer injection season. Close attention is expected to remain on the status of Russian gas flowing through Ukraine with the transit deal set to end on the 31st Dec 2024. Market prices already showcase an expectation that the 13bcm annual flows will cease beyond this date with Ukraine stating no extension will be signed, yet with ceasefire negotiations expected to take place in early 2025 with the in-coming Trump administration, the re-introduction of gas transit between the two nations may remain a possibility.
16/12/2024
17/12/2024	European power prices declined on Monday, with all near and far curve contracts posting losses across the board as strong renewables and mild temperatures eased demand. UK renewable generation has increased from 6 to 19GW from Friday. The wind generation is set to remain high for this week which will keep a more bearish picture at the front of the market. The next sizeable shift in wind forecasts will come on 27th December when industrial demand is low.
18/12/2024	On the power side there was divergence across the curve, with near term spot prices losing value, whilst the curve posted gains. Strong wind generation and renewable output helped contribute to sizeable losses across the spot markets in the UK. The UK DA contract was down by £21/MWh as wind output increased by 12.8GW. The spot price is £140/MWh lower than the same time last week highlighting the bearish picture. France and the UK had a cross border capacity auction close with 164MW allocated from France to the UK at €21/MWh. UK to France allocated 50MW. The 1GW Britain to Netherlands interconnector remains offline until the end of January and the Eleclink remains down until 9th Feb, meaning cross border flows in Europe will see restricted capacity until January month end
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