Despite rising commodity prices, domestic power and gas prices fell in May, with spot prices hitting their lowest levels since October 2010. International commodity markets were generally bullish. Brent crude oil climbed 0.8% to average $109.0/bl as further violence in Ukraine and Libya increased security of supply fears. Ukraine tensions also influenced coal prices, which rose 1.6% over the month to average $82.7/t. Coal production in Eastern Ukraine and in parts of Russia has been affected by recent events.
Spot prices hit four-year lows with strong supply picture