Monday’s opening day to the week saw the power curve lose some of its value early on as further periods of low demand have been comfortably well supplied. Despite demand levels being higher due to the UK exporting power to Europe, support came from renewable sources, wind generation contributing 5% to the total mix.

There has been erosion of near term spark spreads, which has led to more coal generation coming online, the less efficient gas reducing its contribution to the fuel mix to 40%. As the afternoon approached on Monday, Crude rebounded which put pressure on the gas curve to lift. This in turn saw the power curve to lift towards the market close, to finish the day at similar prices to Friday.