Dec 20 EUA trading over €29/tCO2e. Increased volatility expected over build up to EU summit on the 10th December. Wednesday representatives are expected to meet to discuss EU Climate Law #Carbon#energy#EUA
Within day power market rallies to over £300/MWh, after National Grid issue a Capacity Market Notice. With prices extremely strong between 17:00 & 19:00 this evening.
The market is providing substantial opportunities for our Market Access customers #Power#MarketAccess
LNG cargoes to Europe appear to be slowing. With the Japanese Korean Marker the LNG spot price increasing 40% in the last month. The JKM is now back above $3/mmbtu. #LNG
UK power Sat 23/05/20 contract trades in negative territory. As weak demand and strong renewable generation see the Grid battle to keep the system balanced.
Carbon prices have fallen to a 6-month low to €22/tCO2e following the crash in oil prices. As the number of new cases of #coronvirus in Europe rise exponentially. #EUETS
Oil prices took a nose dive to $31/bbl as Saudi Arabia said they will be increasing production in response to Russia refusing to agree to production cuts. Brent Crude has since recovered to $36/bbl. #pricewar#SaudiArabia#coronavirus
Strong start to the week for UK gas prices, with the Day Ahead and Feb 20 contract trading 1p/th higher at the get go. Prices have opened firmer as the UK’s natural gas network is forecast to be under supplied, as LNG send out dips. #gas#LNG
In our monthly #EnergyMarketUpdate, November saw Ofgem announce that they'll be suspending the liquidity window and the market making obligation. Watch here for November's Outlook: ow.ly/6cs750xv11T