Autumn Budget, Carbon Prices and Levies
Power prices move higher, following gas prices. Government’s Autumn Budget underwhelming for energy
Last week’s big talking point was the Autumn Budget. It wasn’t as clear-cut as we expected but important points like the total carbon price were discussed. The government also stated there would be no new low-carbon levies to support renewables until the burden of such costs on the consumer bill is reduced. In the wholesale market, the majority of power and gas contracts increased. Summer and winter 18 contracts grabbed the headlines hitting two-year highs.