Energy and Utility Management Consultants

Wholesale Market Price Update

December 2013


Over the past fortnight short term electricity prices have crept upwards, increasing by 9% since mid November, following reduced supply from wind and nuclear and an increase in gas prices. Longer term prices have remained level, owing to predictions of a warmer than usual January and February and a healthy supply outlook. Short term gas wholesale prices have risen, with a brief cold snap driving a surge in demand. Long term gas prices have experienced a slight increase in line with the oil market, which has been influenced by continuing supply outages in Libya and growing Chinese demand.





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