Business Renewals

Wholesale Energy January 2018

Wholesale Prices

The day ahead curve followed a weakening gas market and stronger wind generation as we saw prices opening the New Year at £54/MWh before gradually falling off to finish the month just under £49/MWh.

After Ineos confirmed at the end of December that the Forties Pipeline System was fully operational and UK and European temperatures above average we saw modest falls within the day ahead markets.  After starting the month trading at 52p/therm we saw the month end on £48.50/therm.

January also saw some respite for the £ against both the euro and the dollar reaching €1.14 and $1.41 respectively.

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