Short-term wholesale electricity up despite a fall in gas

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Short-term power up despite a fall in gas

Extensions to planned nuclear outages combined with lower wind output to drive short-term baseload power prices upwards. Month-on-month the day-ahead power contract rose 6.7% to average £53.1/MWh in January. The contract is now 4.7% higher than the 2013 average of £50.7/MWh.

In contrast, short-term gas prices decreased during the month as a result of high LNG deliveries and lower demand. Day-ahead gas prices dipped 5.1% to average 65.9p/th in January.

via Energy & Gas Prices Falling – January 2014.

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