Energy Markets Weekly: Strong renewables and storage progress keep prices subdued

UK and continental markets saw further softening this week as strong renewable generation and healthy storage injections kept balances comfortable. Gas traded in a tight range under 80p/therm, while UK Day-Ahead Baseload slipped below £30/MWh, its weakest levels of the year. Carbon and oil remained relatively stable, helping keep the forward curve anchored despite very weak spot fundamentals.