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Energy Prices (Early October 2015)

Electricity:  

Increased interconnection capacity between Britain and Europe, could lead to imports providing around 21% of British peak power demand by 2022, up from 7% now, according to analysis by Reuters.

Gas: 

Cold weather and infrastructure problems could turn the short-term market higher, particularly as we move further into winter, against a background of reduced UK storage capacity for the next 12 months and the threat of further potential production cutbacks at Europe’s largest field, Groningen.

Summary position: 

Oil $48.31barrel

Coal $48.15/MT

EUA 15 €8.17/TCO2

Gas 40.45p/th Oct 15

Gas 41.00p/th Apr 16

Electricity £41.40/MWh Oct 15

Electricity £42.10/MWh Apr 16