Multi-Year Highs for Seasonal Power
All power contracts follow direction of their equivalent gas contracts
With cold weather creeping in, demand for power is increasing with day-ahead power contracts rising by 3.1%. In contrast, all other near-term power contracts for this winter decreased. Winter and summer 18 contracts, and the winter 19 contract, all reached two-year highs. After record highs at the start of November, Brent crude oil and coal prices decreased. Finally, the government are in the news with greenhouse gas reduction plans and the 2017 autumn budget.