Thursday 6 June 2013

Catalyst Business Energy Market Brief June 2013 http://www.energy-broker.co.uk/catalyst-business-energy-market-brief-june-2013/


Electricity & Gas Prices Slip As Demand Falls


Month-on-month annual power and gas prices fell in May as a result of increased temperatures and reduced coal prices. Lower carbon, coal, gas and oil prices have pulled annual power contracts lower. The monthly average annual October 2013 contract fell 2.3% to £51.6/MWh. This is 1% below the 2012 average of £52.9/MWh but 1% above the May 2012 average of £51.9/MWh.




Annual gas prices also slipped as LNG supply concerns faded and oil prices remained low.

The monthly average annual October 13 gas price decreased 1.8% to 67.4p/th, a 5% increase compared to May 2012 when the average price of annual gas was 64.1p/th.

On average oil prices were flat.

The monthly average price of Brent crude oil was $103.1/bl, 0.1% lower than April.

A week economic outlook placed downwards pressure on oil prices, but they were supported by tensions in the Middle East.


The European Parliament’s rejection, on 16 April, of proposals to back-load 900mn carbon allowances under the EU Emissions Trading Scheme pulled carbon prices to an all-time low of €2.7/t. Prices have since recovered slightly after EU ministers re-affirmed their continuing support for the proposal.



via Catalyst Business Energy Market Brief June 2013.



Catalyst Business Energy Market Brief June 2013

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