Market Insight

DAILY MARKET REPORT – 09/07/2024A softer start to the week, as the front contracts dipped a bit more than the curve in yesterdays session.No real change to the outlook with temperatures expected to dip before rising again over the coming days.In the US, the energy industry is checking the impact…

DAILY MARKET REPORT – 08/07/2024A flat end to the week as contracts stay close to where they were on the previous days session as the US celebrated Independence Day and the UK welcomed a new government last week.Temperatures are expected to dip later this week before returning to just above…

DAILY MARKET REPORT – 04/07/2024A downward movement seen in yesterdays session, although still moving in small measures in either direction and continues to hold around price levels enjoyed now for many weeks.Spot UK power prices, once again on a week day rather than a weekend, hitting lows with negative periods…

DAILY MARKET REPORT – 03/07/2024A fairly flat session seen yesterday, with a slight uptick on some contracts but nothing notable.Temperature forecasts maintain an unchanged outlook with cooler temperatures for the coming days before getting back to and holding above seasonal normal for the rest of the month and into August.Yesterday…

DAILY MARKET REPORT – 02/07/2024A softish start to the week as prices came off slightly in places.Cooler temperatures are expected this week, although expected to rise again into next week.EU gas storage levels remain strong, now over three-quarters full. Visund is still suffering around 50% of it’s capacity being available. This is…

DAILY MARKET REPORT – 01/07/2024Welcome along to July.Fridays session was fairly flat in the end with not much movement seen across any of the contracts.Cooler weather is expected this week (being below seasonal normal) after seeing some high temperatures of late, although they are expected to be above seasonal normal…

DAILY MARKET REPORT – 28/06/2024The market continues to hover in the window it has for many days now, moving either slightly up or down between sessions.As we reach the end of June, August becomes our front month on many contracts.Day ahead power prices are low today thanks to low and…

DAILY MARKET REPORT – 27/06/2024An unwinding of the gains seen in the previous session as we seem to once again have found a bit of a holding pattern/range for the time being.The warmer weather is expected the drop this week, much closer to seasonal normal than we’ve enjoyed this week…

DAILY MARKET REPORT – 26/06/2024A small uptick in prices across the board seen in yesterdays session.This came as further power related issues at Equinors Hammerfest LNG terminal were reported.Yesterday saw the TTF Front Month contract settle at €34.85 (from €34.08) and the NBP Front Month contract at 81.59p (from…