Commodities Climb, Power and Gas Follow
Most power and gas contracts increase along with commodity prices. Report suggests higher carbon price needed to help phase out coal
In the energy market last week most near-term power and gas contracts decreased, while all seasonal contracts increased. The market reacted to the National Grid’s Winter Outlook report earlier this month, with power for delivery in November dropping by 4.2%, and prices for December and January falling too. In other energy news, discover why Carbon was a big talking point last week.