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Energy Prices (Mid April 2018)

Electricity:  

Prices could be driven higher if there is any further souring of relations between Russia and the West, the conflict could potentially pose a threat to gas and coal supplies to Europe.

National Grid has predicted in its Summer Outlook that UK Peak power demand this summer is expected to be 2% lower than last year and minimum demand 3.5% lower, this will be due to increased renewables generation. 

Gas: 

Depleted gas inventories have not only been seen in Europe over the winter, with the US ending the winter with gas stocks that are 20% lower than normal.

Heating demand should be reduced as Europe has been forecast warmer than normal temperatures over the next 10 days; this should result in a fall in prices.

Summary position:  

Oil $71.63barrel 

Coal $82.70/MT 

EUA 18 €14.05/TCO2

Gas 48.73p/th Oct 18

Gas 46.15p/th Apr 19

Electricity £49.43/MWh Oct 18

Electricity £47.20/MWh Apr 19