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Energy Prices (Mid June 2015)

Electricity:  

Timera Energy predicts that the UK’s spare margin of capacity is likely to remain very tight over the next three winters. They say “more plant closures and a cold winter would appear to leave the UK power market in a precarious position.”

Gas: 

Lancashire council is to decide next week whether to approve the application to drill four shale gas wells by Cuadrilla Resources in the county.

Summary position: 

Oil $62.37barrel

Coal $58.55/MT

EUA 15 €7.63/TCO2

Gas 45.70p/th Oct 15

Gas 46.85p/th Apr 16

Electricity £44.05/MWh Oct 15

Electricity £44.70/MWh Apr 16