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Energy prices fall back slightly - 12-10-2021

A shift in market movements has been seen over the last few days, with prices falling back from record highs, though the rate is starting to slow as it finds its support level.

Electric prices are showing more resistance than gas, with more expensive coal plants filling the gap in UK generation mix, with lower renewable output at present.

A better outlook of supply this winter is helping bring prices down at present. The market is hoping GazProm will respond swiftly to president Vladimir Putin’s instructions to adjust output.