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An update on the Energy Bill Discount Scheme

The Department for Energy Security & Net Zero have provided an update regarding the Energy Bill Discount Scheme, which will be of interest to any customers that belong to an Energy Trade Intensive Industry (ETII). Customers that classify as ETIIs...

Earn money with our Flexibility Demand Service

With the increase in wholesale prices that we have seen, especially in the last 12 months, at Pulse we have been looking for ways to help businesses to save on energy costs. If you are able to scale down electricity...

Energy Saving Tips – at home and at work

From reviewing your energy tariff to cutting the amount of gas and electricity you use, some of the advice we put together might help you to reduce your energy bill at home and at work. Some of the tips will...

Taking the Pulse of the energy market -5th September 2022

Daily Updates Following the announcement late on Friday by Gazprom that Nord Stream1 would not be switched back on, the markets were bracing themselves for an inevitable increase to prices this morning.   Oct 22 gas initially opened 25% up...

State of the Energy Market – 8th August 2022

Daily Updates This week started with wholesale energy prices showing no move in either direction. The few trades that have been made at the opening were at 1% up on Friday's prices, but since then, wholesale prices have reduced and...

State of the Energy Market – 3rd August 2022

Daily Updates  The Nord Stream 1 gas compressor stuck in Germany is to receive some special treatment, as Germany’s Chancellor Scholtz and Siemens Energy CEO, Christian Bruch, are both due to visit the compressor that is currently stuck in limbo. ...

State of the Energy Market – 1st August 2022

Daily Updates We have seen wholesale energy prices increasing slightly today. Although wind predictions are dueto pick up later in the day, there has been very little wind used to generate power so far.  There was no further news released...

State of the Energy Market – 28th July 2022

Daily Updates After the volatility seen in wholesale prices on Wednesday, this morning (Thursday, 28th Jul) has opened relatively calmly in comparison. Prompt and curve gas prices both opened down this morning and as we approach lunchtime, prices are still...

State of the Energy Market – 27th July 2022

Daily Updates As expected, Nord Stream 1 gas volumes from Russia to Europe are now down to 20%capacity. In addition, due to much reduced wind and hydro power generation, the amount of gasbeing used to produce electricity has increased to...

State of the Energy Market – 26th July 2022

Daily Updates Wholesale prices have opened up this morning with continuing concerns over Nord Stream 1 gasvolumes reaching Europe. Siemens, who are responsible for the maintenance of the 6 gascompressors on the pipeline, have stated that the compressor that has...

State of the Energy Market – 25th July 2022

Daily Updates Prompt prices opened a little down compared to Friday’s (22nd July 2022) close but as the morning has progressed, prices have started to creep back up and we’re currently at the same level as the market closed last...

State of the Energy Market – 22nd July 2022

Daily Updates Wholesale energy prices have moved up within day. Aug 22 gas has been trading approximately 5% up and Winter 22 is approximately 3% up at the time of writing. Power prices have been more neutral today and we...

State of the Energy Market – 20th July 2022

Daily Updates Comments made by President Putin during a working visit to Tehran have caused wholesale prompt energy prices to increase. Mr Putin spoke about the gas compressor which was held up following repairs in Canada and indicated that the...

State of the Energy Market – 19th July 2022

Daily Updates There was confusing news coming out of Russia as they declared Force Majeure on some of their gas contracts with some unnamed European counterparties, although this appeared to be backdated by a month. This normally means that situations...

State of the Energy Market – 18th July 2022

Daily Updates We start the week with the first ever red level weather warning from the Met Office. So you might not be surprised to hear that the amount of electricity that we’re generating from solar sources has been quite...

State of the Energy Market – 15th July 2022

Daily Updates We saw the return of the Sleipner gas field following the repairs to the gas leaks detected. This completed the issues with the Norwegian fields and restored the gas volumes from Norway to the UK and Europe to...

State of the Energy Market – 13th July 2022

Daily Updates There was an increases for August 22 power on Tuesday (12th July), which closed at £261.51 per MWh, a rise of 4% from the previous day’s close. August 22 gas also increased to close at 244.02p per therm,...

State of the Energy Market – 11th July 2022

Daily Updates The speculation regarding the return of the Russian gas compressor from Canada to Russia, via Germany, was confirmed by Canadian authorities on Sunday (10th July). This news led to wholesale energy markets opening down again this morning and...

State of the Energy Market – 6th July 2022

Daily Updates On Tuesday evening (5th July), the Norwegian government decided to intervene in the energy sector strike forcing through a settlement, which put an end to all industrial action. This was welcomed by the energy markets this morning and...

State of the Energy Market – 5th July 2022

Daily Updates The wholesale energy markets opened with further increases this morning (5th July), which continued to ramp up into the early afternoon. At one stage, Winter 22 gas topped 430 pence per therm and electricity was also up and...

The Energy Crisis Explained- What is causing it?

Prior to the summer of 2021, the UK wholesale prices, with a few exceptions, had been relativelystable for many years. Since then however, we have seen extraordinary increases in wholesalegas and power prices resulting in some significant consequences for global...

State of the Energy Market – 4th July 2022

Daily Updates After a slow start this morning (4th July 2022), the news of strikes to the Norwegian energy sector, due to take place on Wednesday this week, sent prices for August 22 increasing considerably for both gas and power....

State of the Energy Market – 1st July 2022

Daily Updates Energy wholesale prices moved upwards on Thursday (30th June) before settling during the lunch period. However, towards the close of day, there was a further upward movement across both gas and power, so we expect to see closing...

State of the Energy Market – 30th June 2022

Daily Updates Concerns over Russian gas delivery persisted on Wednesday (29th June) despite the encouraging signs seen the previous day from the restart of Turkstream flows. As a result, both the gas and electricity markets opened higher. Worries were then...

State of the Energy Market – 29th June 2022

Daily Updates Concerns over Russian gas delivery persisted on Wednesday (29th June) despite the encouraging signs seen the previous day from the restart of Turkstream flows. As a result, both the gas and electricity markets opened higher. Worries were then...

State of the Energy Market – 24th June 2022

Daily Updates Prices have been falling yesterday (Thursday, 23 June) despite concerns around the Nord Stream 1 pipeline, which will be offline from July 11 to 21 for maintenance; this will probably reduce the rate of storage injections. With fierce...

State of the Energy Market – 21st June 2022

Daily Updates For the first time in quite a while, there was a deviation between gas and electricity prompt wholesale prices on Monday 20th June. There was an industry wide IT challenge that caused trading to halt for a period...

State of the Energy Market – 14th June 2022

Daily Updates Both gas and power opened up on Tuesday (14th June) based on news that the Russian gas pipeline Nordstream 1 had dropped transportation levels by approximately one third today due to a compressor fault issue found during maintenance....

State of the Energy Market – 31st May 2022

Daily Updates As today (31st May 2022) is the last day of the month, the prompt month moves from June to July. Gas and power for July 22 both opened with increases over yesterday’s closing prices. Weather forecasts for next...

State of the Energy Market – 30th May 2022

Daily Updates The market started this week (w/c 30th May) continued the wholesale price increases we saw on Friday (27th May) with prompt prices up by 10% on gas on 6% on power. As the day progressed, these figures have...

State of the Energy Market – 26th May 2022

Daily Updates Despite a decrease in Langeled flow and the continuation of substantial exports to the continent, the gas and power markets have traded lower today (26th May 2022), undoing some of the previous gains. European gas storage is at...

State of the Energy Market – 25th May 2022

Daily Updates As liquidity remained scarce and concerns over Russian gas delivery persisted, both the gas and electricity markets opened higher on Wednesday 25th May (2022) and continued to rise throughout the day. Late in the afternoon, wholesale prices spiked...

State of the Energy Market – 24th May 2022

Daily Updates Concerns over Russian supply have pushed the wholesale market for gas and power higher over the last few days across the curve. Due to refusals to pay in roubles, Russia has now halted all exports to Finland, Bulgaria,...

State of the Energy Market – 20th May 2022

Daily Updates Friday, 20th May has been crunch day for whether the next batch of European companies would be paying Russia in roubles for gas. In what has turned out to be a welcomed anti-climax, a silent comprise of sorts...

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 – 8th August 2022

Daily Updates This week started with wholesale energy prices moving upwards. Wholesale energy prices initially opened slightly down on Wednesday with Sept 22 gas dropping by 1%. Winter 22 gas also opened down by 0.5%. However, by late morning, prices...