- UK electricity prices rose by around £1.75/MWh over the past month as coal and gas prices staged a modest recovery. The UK front-month baseload contract rose to average £37.05/MWh in July from £35.8/MWh in June, an increase of 3.5%. The gains reflected strength in related coal and gas markets.
- UK forward prices for electricity also strengthened further and continue to reflect tightness over the coming winter. Baseload prices for the coldest winter months are now above £48/MWh, up by around 6% from £45/MWh last month. Peakload prices are trading at around £58.9/MWh over the same period, up from £53.4/MWh on average last month.