Jan15 – Business Energy Market Brief – Long-term contracts down on weaker commodities

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Long-term contracts down on weaker commodities

Sharp falls in oil, as well as continued reductions in coal prices, pulled long-term contracts down over December. Summer 15 gas dropped 3.4% to average 50.1p/th, ending the year 19.5% lower than levels seen at the start of 2014. Long-term power prices followed, with the summer 2015 contract dropping 1.6% month-on-month to average £47.1/MWh. Annual April 2015 power was down 2.2% to average £49.2/MWh.

via Catalyst Business Energy Market Brief January 2015.

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