Business Renewals

Wholesale Energy November 2017

Wholesale Prices

Most forward curves on the wholesale markets rose steadily throughout the month from £48/MWh to finish on £54/MWh supported by higher gas prices, fluctuating wind generation and issues with continental power generation.

Unplanned outages and the announcement of a Bank of England interest rate saw day ahead gas prices increase strongly through the month from 48p/therm to finish at 57p/therm, a near 19% increase within month.  Wholesale spot prices are now nearly double what they were only 5 months ago.

Exchange rates saw a quieter month with slight increases against the $ and starting and finishing positions against the euro flat at 1.13.

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