Energy and Utility Management Consultants

Wholesale Market Price Update - 5th March 2014

March 2014


Wholesale electricity and gas prices continued to fall gradually over the past 2 weeks, before spiking drastically on Monday, resulting in the largest daily gain seen in over 2 years. This 8% jump was triggered by the Ukraine crisis, with an increasing risk of war developing in the region and Russia threatening to significantly increase the price of gas channelled through Ukraine into mainland Europe. However, by Wednesday both markets had largely recovered with the situation looking more stable. Falling coal prices, continued mild weather and exceptionally healthy supply have all helped to counteract price increases and direct the markets back to the low prices seen last week.





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