Thursday 6 June 2013

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


Short-term energy prices tumble



Improving weather and comfortable supplies helped to reduce short-term prices. Gas demand has fallen by around 20% over the month.

Gas demand is mostly driven by domestic requirements for space heating; therefore, when temperature forecasts are low, prices rise. The day-ahead gas contract decreased 6% to a monthly average of 66.0p/th. Despite this fall, the contract is 15% higher than in the same period last year.


High wind speeds helped day-ahead power prices to fall by 6% as more expensive gas-fired power stations were pushed off the system. Prices averaged £48.2MWh over the month, and fell to £45.4/MWh early in May, the lowest level seen so far this year.



via Catalyst Business Energy Market Brief June 2013.



Catalyst Business Energy Market Brief June 2013 - Short-term energy prices tumble

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