Innovative Energy Consultancy Ltd
Innovative Energy Consultancy Ltd

December Markets Update


  • On 30th November, market close data revealed the one-year forward price for commercial gas closed at 38.81 ppt, a small rise since the end of October (88.60 ppt).
  • With a cold weather forecast for the month ahead, this upward trend is expected to continue throughout December.



  • Market close data on 30th November placed the one-year forward price for commercial electricity at £48.26/MWh, a big increase from £45.71/MWh on 30th October.
  • The UK’s supply is set to be challenged this month as weaker renewable generation and colder temperatures will increase demand for power, gas, and coal.



  • The national decision to approve the widespread use of the COVID vaccine has buoyed UK oil prices as hopes of an economic recovery set in.
  • As of 1st December, Brent prices rose to around $48.14 (£35.40) per barrel and WTI crude gained 0.7% from the end of November to $45.47 (£33.73).



  • Following rising fuel markets towards the end of December, coal followed suit, offering some resistance to the back of the curve and limiting losses.
  • Coal deliveries to US power plants rose to 115.74 million st in the third quarter, 21% lower than 146.59 million st in the same quarter a year ago.
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