Seasonal Power and Gas Contracts Reach New Highs
Day-ahead power and gas revert to norm after spiking in the previous week, whilst seasonal contracts and carbon prices reach new highs. Analysis shows UK carbon emissions in 2017 drop to lowest levels since 1890.
Last week we saw day-ahead power and gas prices fall back to normal levels after considerable spiking the week before. Seasonal power and gas contracts along with carbon prices reached new highs after experiencing losses in the previous week. Outside of the wholesale market, recent analysis showed that the UK’s carbon emissions in 2017 had fallen to their lowest levels since 1890 which was primarily as a result of the reduction in coal use last year.