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Energy Prices (Mid January 2016)


Weather forecasts for the next few weeks have become more uncertain. While some forecasters have said that temperatures will rise to normal or above normal levels by the end of the month, others have cautioned that changes in the stratosphere, if they develop, could lead to a sustained cold end to the winter.


Norwegian gas production is expected to fall around 7% this year, from a record 115 BCM in 2015, according to the Norwegian Petroleum Directorate.

Summary position: 

Oil $29.60barrel

Coal $37.65/MT

EUA 15 €6.72/TCO2

Gas 30.53p/th Apr 16

Gas 30.85p/th Oct 16

Electricity £34.20/MWh Apr 16

Electricity £33.73/MWh Oct 16