State of the Energy Market – 21st June 2022

Daily Updates

For the first time in quite a while, there was a deviation between gas and electricity prompt wholesale prices on Monday 20th June. There was an industry wide IT challenge that caused trading to halt for a period of time, but over the course of the rest of the day, there was little change and so we expect to see Tuesday’s (21st June) prices to close marginally up compared where prices closed on Monday (20th June).

Gas

July 22 wholesale gas prices decreased slightly to close at 200.84 pence per therm.

Power

Wholesale power prices increased by 2% and closed at £203.06 per MWh.

In other energy related news:

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