Latest Electricity and Gas Prices March 2013

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Cold weather and supply concerns push day-ahead contracts to yearly highs

January saw the UK gripped by freezing temperatures, which drove short-term electricity and gas prices up to 11 month highs. The weather over February was, as forecast, just as cold. As a result day-ahead electricity and gas prices reached yearly highs.

Day-ahead electricity prices climbed over 2% to average £51.22/MWh and reaching £58.0/MWh on 25 February. Day-ahead gas increased similarly to a monthly average of 68.4p/th as a result of low gas storage levels and colder weather.

via Catalyst Energy Market Brief – Latest Electricity and Gas Prices | Catalyst Commercial Services – The Market Leading Business Energy Broker.

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