Blog

State of the Energy Market – 19th May 2022

Daily Updates Despite the ongoing war between Ukraine and Russia raising fears about Europe's energy security, the gas and electricity markets have eased again on Thursday 19th May, with the UK benefiting from above-average temperatures and plentiful LNG and Norwegian...

State of the Energy Market – 10th May 2022

Daily Updates Wholesale prices are continuing to soften as warm weather and plentiful supplies overwhelm political risk related to Russian supply and commodity sanctions. Demand is projected to fall this week, with warmer and windier weather on the way and...

State of the Energy Market – 28th April 2022

Daily Updates A very interesting day of trading has seen prices fall across the board on Wednesday, 28th April. Amidst the backdrop of Russia turning off the gas taps to Poland and Bulgaria, sharp increases to prices are expected, however...

State of the Energy Market – 26th April 2022

Daily Updates Tuesday's (27th April) prices have been dominated by the news that Russia had turned off the gas taps to Poland and Bulgaria for failing to make payments in rubles as per the instructions that Russia had released a...

State of the Energy Market – 25th April 2022

Daily Updates Monday's (25th April) forward contracts have traded lower, down 5% on average from the previous day's closing. The system continues to be well supplied with LNG, with 26 cargoes delivered so far this month and four more expected...

State of the Energy Market – 19th April 2022

Daily Updates We have seen a drop in wholesale energy prices on Tuesday, 19th April which can be attributed in part to confidence about Russia's willingness to modify its roubles demand. While near-term electricity prices continued to fall, gas prices...

State of the Energy Market – 14th April 2022

Daily Updates Both gas and electricity costs were largely stable on 13th April, but began to rise in the afternoon. Despite the drop in the amount of Russian gas flowing via the Ukrainian pipeline, which has remained unchanged since the...

State of the Energy Market – 8th April 2022

Daily Updates Although the Norwegian gas flows to the UK appeared to be back to normal levels following a small decline in the last couple of days, the amount of gas reaching Europe via the Ukrainian gas pipeline has dropped....

State of the Energy Market – 7th April 2022

Daily Updates The long-awaited Energy Security Report was finally announced by the government yesterday, 7th April.  We’ve been commentating in our daily updates on what we expected to see in the report and there was little in the way of...

State of the Energy Market – 6th April 2022

Daily Updates The energy prices have flipped and recent trades have shown a small increase yesterday (6th April) against Tuesday’ close. One of the Norwegian fields has reported a problem, which will possibly lead to drop of incoming gas volumes...

State of the Energy Market – 5th April 2022

Daily Updates Tuesday's (5th April) prices have seen a small fall, but curve prices have increased by as much as 8% for both gas and power. The increase in the curve prices appears to be driven by the fact that...

State of the Energy Market – 4th April 2022

Daily Updates Monday (4th April) followed a very similar approach to Friday with the market initially opening with an increase in prices, but as the day has worn on, prices have been falling and May 22 is currently 6% down...

State of the Energy Market – 1st April 2022

Daily Updates Wholesale prices for May 22 gas and power opened on Friday (1st April) approximately 4% up against the previous night’s close driven by concern over Russia potentially turning off the gas taps to Europe if the G7 countries...

State of the Energy Market – 31st March 2022

Daily Updates After initially opening up against Wednesday's prices, the energy wholesale prices have softened on Thursday (31st March), but gas for May 22 was at 3% above Wednesday’s. Conflicting factors have led to smaller price movements. Some parts of...

State of the Energy Market – 29th March 2022

Daily Updates Wholesale gas and power prices initially opened with further aggressive gains yesterday (30th March 2022), backed by the concern over what would happen when we reached the 31st March deadline set by President Putin for all gas payments by...

State of the Energy Market – 28th March 2022

Daily Updates This week started with both gas and power markets now trading up on Friday’s (25th March) close, with gas for April 22 currently up by 7% and power for Apr 22 currently up by 5%. Temperatures are due...

State of the Energy Market – 25th March 2022

Daily Updates The big announcement regarding LNG deliveries from the US to the UK and the rest of Europe was made on 24th March, meaning that President Biden confirmed that the US would deliver an additional 15 billion cubic metres...

State of the Energy Market – 24th March 2022

Daily Updates The wholesale price increases on Wednesday (23rd March) were driven by the news that President Putin had insisted on all ‘unfriendly countries’ being required to pay for the gas that they buy from Russia in Roubles. This caused...

State of the Energy Market – 13th April 2022

Daily Updates Both gas and electricity costs were largely stable on 13th April, but began to rise in the afternoon. Despite the drop in the amount of Russian gas flowing via the Ukrainian pipeline, which has remained unchanged since the...

State of the Energy Market – 12th April 2022

Daily Updates A reduction in the amount of Russian gas coming through the Ukrainian pipeline to Europe was observed on 12th April, meaning 21% down on the previous day, and concern over whether Russia had recently carried out a chemical...

State of the Energy Market – 11th April 2022

Daily Updates Good wind levels predicted for the UK and temperatures returning to normal this week, and in some areas being above seasonal norms, has seen the market open down this morning (11th April 2022) and continue to tail off...