Energean approves Israel gas field development

Energean announced on Thursday it will develop a new natural gas field off the coast of Israel at an initial cost of $150 million. Energean also said it had signed an 18-month, $700 million loan facility with J.P. Morgan and Morgan Stanley to help fund

UK power utility Centrica expects 2020 net debt down 10 per cent

British utility Centrica's closing net debt last year is expected to be about 2.8 billion pounds ($3.8 billion), a reduction of more than 10% on the year, the company said in a trading update on Thursday. The company, which is scheduled to report its p

Further five-day GMB strike announced as ‘fire and rehire’ row continues with British Gas

British Gas engineers have announced five more days of strike action over the company’s ‘fire and rehire’ pay cuts. The industrial action, which will start on 20th January and will run on 22nd, 25th, 29th and 1st February, follows last week’s strike ov

STATISTICS

Markets 20/3Wednesday 21/3Thursday 22/3Friday 25/3Monday 26/3Tuesday 27/3Wednesday Var D-1 Var W-1 Avg. Max Min
Electricity
UK Cal 2025 base (GBP/MWh) 72.81 71.28 73.50 75.32 73.65 73.98 0.44% 1.60% 72.89 86.23 64.81
Oil
Brent USD/bbl (USD/bbl) 85.95 85.78 85.43 86.75 86.25 86.09 -0.19% 0.16% 81.59 87.38 75.89
Economics
Rate GBP/EUR (GBP/) 1.17 1.17 1.17 1.17 1.16 1.17 0.09% -0.38% 1.17 1.18 1.15

MARKET PRICES & TRENDS

UK Cal 2025 base (GBP/MWh)73.98
UK Q+1 base (GBP/MWh)60.88
NBP Q+1 (GBpence/therm)69.23
Brent (USD/bbl)86.09
Rate GBP/EUR1.17
UK spot base (GBP/MWh)57.47
NBP spot (GBpence/therm)68.75

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09