Blog

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 – 12th July 2022

Daily Updates Tuesday (12th July) has been another volatile day with quite extreme increases at the market opening gradually being eaten up during the day, leaving us with a prompt increase of 8% currently for August 22 gas at the...

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....