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Utility SwopShop Weekly Market Insights Week Ending 12th December
Gas
UK gas prices climbed on Thursday, driven by a modest technical rebound, alongside revised forecasts showing slightly cooler temperatures for early January and lower wind generation. The NBP spot price gained almost 2%, closing at 68.75 p/therm, while the Summer-2026 contract on the forward curve increased by 0.4% to 63.26 p/therm.
Power
The UK spot power price surged by 17% to close at 80.25 GBP/MWh, driven by reduced renewable generation and prolonged outages at the 595 MW Hartlepool 1 and 2 nuclear units. On the forward curve, the Summer-2026 contract rose by 0.6% to 65.76 GBP/MWh, following gains in gas and carbon markets.
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