Commodity Prices Reach Multi-Year Highs, Gas and Power Follow

Oil reaches fresh highs, gas and power prices follow. Innovate UK launch smart energy fund for new business energy models. 

Last week we saw oil and carbon prices reach new multi-year highs with gas and power contracts following suit. The US President Trump’s decision to withdraw from the Iranian nuclear accord was the biggest news last week. There was a rare occurrence on Wednesday as day-ahead peak power contracts were lower than baseload power prices resulting from high levels of solar generation. Moving away from the wholesale market, Tidal Lagoon Power are looking for a 60-year Contract For Difference. The same strike price as Hinkley Point C will be given. 

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