Seasonal Gas and Power Prices Reach New Highs
BEIS Energy and Emissions Projections predict UK will miss fourth and fifth carbon budgets.
Last week, the department for Business, Energy and Industrial Strategy, published its latest Energy and Emissions Projections. The main headlines stated that the UK is expected to miss its fourth and fifth carbon budgets, and coal-fired capacity is forecasted to fall to 1 gigawatt by 2015. In the wholesale market, seasonal contracts decreased overall, while near-term prices showed mixed movements throughout the week.