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...

The Energy Crisis – Looking Ahead

The increased energy market volatility is leading to significant damage for the national and global economies. That is why it is more important than ever that the voice of businesses is heard at a time when government is shaping policy...

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...