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Energy Prices (Mid May 2017)


The House of Lords Science and Technology Committee has stated that, “The incoming government must end its cycle of indecision on nuclear policy, and we urge it to take a clear, firm view on Small Modular Reactors and wider civil nuclear strategy,”

The clear underlying downtrend in prices since the start of the year, despite upward twitches, may continue, particularly if the short-term UK gas and power markets continue to be well-supplied across the summer.


Oil and Gas UK, the offshore industry association, has warned that the cost of oil and gas trade could double to £1.1 billion if Britain fails to agree new tariffs with the EU in the event of a hard Brexit.

“While low winds may persist over Western Europe in the short-term, a gradual increase is predicted to take place just before the end of the month. Milder (but not warmer than average) temperatures, alongside stronger winds, are the most likely scenario for June,” says Marex Spectron’s meteorological desk.

Summary position: 

Oil $51.83barrel

Coal $64.28/MT

EUA 17 €4.52/TCO2

Gas 42.03p/th Oct 17

Gas 42.03p/th Apr 18

Electricity £41.73/MWh Oct 17

Electricity £40.65/MWh Apr 18