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Utility SwopShop Weekly Market Insights Week Ending 13th November
Gas
British gas prices moved higher on Thursday, with the NBP spot surging by 12.3% to 232.40 p/therm, amid stronger demand. Further along the curve, the Summer-27 contract rose by 5.8% to 167.65 p/therm, due to supply concerns.
Power
UK spot power prices rose on Thursday, with the day-ahead contract trading 3.4% higher at £183/MWh, supported by forecasts of weaker wind generation and increased reliance on gas-fired power plants. Further along the curve, the Summer 2027 contract gained more than 5% to £130.06/MWh, driven by rising gas and carbon prices amid concerns over Norwegian supply disruptions.
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