Monday 11 September 2017
With coal and carbon emissions prices increasing steadily, gas-fired power generation is emerging as the favoured
option for the coming winter. Renewed buying by the UK National Grid has seen gas prices move higher again this morning with the front month up by 0.88p while the full Winter 17 contract has gained 0.69p in early trading. The UK gas system is well supplied as demand moves up on last week’s levels and prompt gas prices are little changed so far today. On the oil markets, there is an element of wait and see regarding possible supply disruption in the wake of the latest hurricane to hit the U.S. but so far, no major damage has been reported to refineries or pipelines.