Market Analytics

  • Brent ICE 1st nearby ($/b) 68.28 0.19%
  • TTF ICE Month-Ahead (€/MWh) 23.94 0.39%
  • TTF ICE Cal 2022 (€/MWh) 20.69 0.00%
  • NBP ICE Month-Ahead (p/th) 61.23 1.02%
  • Henry Hub NYMEX ($/MMBTU) 2.96 0.03%
  • NE Asia LNG JKM Platts ($/MMBTU) 9.65 0.06%
  • API 2 ICE Cal 2022 ($/t) 77.87 0.27%
  • DE EEX Base Cal 2022 (€/MWh) 62.40 0.13%
  • FR EEX Base Cal 2022 (€/MWh) 62.81 0.11%
  • EUA ICE Dec'21 (€/t) 50.45 0.51%

Latest Market Fundamentals :

  • European gas prices remain strong on supply and storage demand.
  • There is strong Chinese and Korean demand for LNG which is currently exceeding the reduction in Indian imports due to COVID.
  • Carbon touched the historic 50 €/t level before retracing lower.
  • EUA Carbon remains in a firmly upward trend with possible further upside price risk.
  • Both EUA Carbon and Coal prices were also up providing additional upward pressure to curve prices.
  • Inflation risk Intensifies across the broader commodity space with supply shortages multiplying.
  • Macro-economics and broader energy markets are still key.

 

“I would expect to see continued price volatility in the short term across European energy markets.

We remain cautiously bullish on the medium term given draw down in European gas storage, strong carbon pricing and support across the broader commodity complex.

New Stream continue to advocate fixing PPA and GPA pricing into current market strength but on short term basis (12 month) to enable us to re-fix if market continues to move higher”.

 

Jamie Banks,

PPA Manager at New Stream

 

New Stream Market Price Assessments

                                                

Price  reference is based on a new stream assessment of the evolution and settlement of historic traded contracts and a forward curve of baseload power.

   

Historic Day-Ahead Power Auction Prices from the UK’s Block 5 Auction (15:00-19:00 GMT/BST).

  

Price reference is based on a New Stream assessment of the evolution and settlement of historic traded contracts and a forward curve of the NBP.

Historic UK NBP Gas day ahead close prices.

New Stream Market Data

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Daily peak generation by fuel type of the UK’s three largest contributing sources: CCGT, Nuclear and Wind.

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Historical Futures Prices: ECX EUA Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from ICE.