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 previous report, European storage has been gradually replenishing over the last week. However, the long-term risk persists, since the Russia-Ukraine crisis appears unlikely to be resolved anytime soon, and additional sanctions may be applied.

Gas

Wholesale gas prices for May 22 fell slightly on Tuesday, 12th April closing at 211.15 pence per therm. This was a 0.87% drop against Monday’s (11th April) closing price.

Electricity

Tuesday’s (12th April) wholesale power prices for May 22 closed at the same price as Monday’s close, at £192.78 per MWh, which was a 0.0% movement against Monday’s close.

In other energy related news:

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