Near-Term Prices Rise, Seasonal Contracts Fall
Near-term power and seasonal contracts continue their recent trends. Government confirms investment in low-carbon innovation.
The colder weather took its toll on the near-term market last week, with power and gas contracts both experiencing gains. Seasonal contracts, however, moved in the opposite direction – perhaps due to the slight decrease in Brent crude oil. In other energy news, the Department for Business, Energy and Industrial Strategy confirmed its plans to invest around £100mn in low-carbon industrial innovation.