UK Power Prices: Low demand, weak NBP gas weigh on UK prompt prices

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121203_wind-turbine-picture-300x200UK baseload and peakload prompt power prices slumped Monday to a fresh four-year low as NBP spot gas prices fell further on comfortable supply, a market source said.

On the OTC market, day-ahead baseload dropped to the lowest value since April 2010 at GBP35.20/MWh, while the peakload next day power price fell to GBP38.85/MWh before the Platts 11:00 BST close on Monday, both shedding more than one pound from Friday’s assessment.

UK spot power prices on the base and peak reached a new four year low on Monday, the weakest since April 6, 2010 when the contracts were assessed at GBP34.50/MWh and GBP38.50/MWh respectively, according to Platts data.

via UK POWER: Low demand, weak NBP gas weigh on UK prompt prices – Electric Power | Platts News Article & Story.

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