Energy and Utility Management Consultants

Wholesale Market Price Update

November 2013


After a sustained steady period, wholesale electricity and gas prices have surged over the past few days to the highest levels since April. The main drivers for these increases have been forecasts of unseasonably cold weather over the next few weeks, expected to increase demand, and rising oil prices, due to ongoing Libyan supply issues and expectations of continued US economic stimulus. Gas prices have been further impacted by various Norwegian gas field and UK storage outages, and a reduction in LNG (Liquefied Natural Gas) imports over the coming weeks. The electricity market has been largely unaffected by record low wholesale coal prices.





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