This January, temperatures have been on average 15% higher than the seasonal norm, contributing to lower demand for power and gas. Alongside this, falling oil prices have pulled the annual power and gas contracts down. Short-term prices have been lower with high LNG supply and nuclear outages. Annual April 14 baseload power decreased 1.2% to a monthly average of £52.5/MWh in January.
Wholesale Energy & Gas Prices Falling - January 2014