April Energy Market Update

April 3, 2019

April Energy Market Update

All wholesale power and gas contracts fell further in March as comfortable gas supplies continued and above seasonal normal temperatures eased gas and power demand.

Day-ahead power declined 10.4% in March to average £45.0/MWh, with the contract ending the month at an 18-month low of £42.0/MWh. Prices followed the gas market lower, with periods of high wind generation amid storm Freya and storm Gareth also
pressuring prices. All seasonal power prices dropped in February, falling 4.4% on average.

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