Market Commentary
- PPA and Green Gas Pricing is rangebound.
- Pricing has seen some support from economic news and moves in the broader commodity complex.
- Traders have been trying to assess what a US credit downgrade means, along with the uncertainty over how Iranian nuclear talks evolve.
- UK and European Union are expected to agree further climate cooperation by pledging to link their carbon markets.
- The spread between CO2 prices diverged post-Brexit (i.e. the difference between UKAs and EUAs).
- Renewable performance continues to be robust with high solar forecast through the week.
- UK system power pricing was negative circa £15 MWh through Saturday afternoon as we struggled to manage high solar output.
