Crimea tensions fail to halt continued slide
Despite gas and electricity prices surging 10% on 3 March following heightened tensions in Crimea, gas and power prices fell over the month as the threat of conflict diminished. But increased volatility characterised March from this point onwards. Overall, economic fundamentals of low demand and high supply continued to weigh on gas prices. These falls fed into power contracts, with annual April 14 power down 1.1% over the month to £49.4/MWh.
Catalyst Business Energy Market Brief April 2014