Energy and Utility Management Consultants

Wholesale Market Price Update

December 2013


Over the past 2 weeks wholesale electricity prices have drifted lower. Mild weather, and forecasts of continued warm temperatures into the New Year, have lowered expected demand, whilst the return online of the Dungeness B-21 nuclear reactor and high wind generation have both improved supply. Other key drivers have been Brent crude oil and gas, which have both been volatile over the period. Gas wholesale prices spiked on 3rd December due to cold temperatures and reduced supply from Norway, but prices have fallen over 5% in the following weeks.





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