Market Insight

DAILY MARKET REPORT – 25/02/2025 A flat session in the end yesterday as small movements were seen overall. This morning Ofgem confirmed the upcoming price cap effective 1st April at £1,849 as a ‘headline rate’ – much higher than forecast. We had forecast a value of £1,834 split at…

DAILY MARKET REPORT – 24/02/2025 Today sadly marks the third anniversary of the conflict in Ukraine. A small downward tick seen to close out the week last week, which simply continues the downward movement enjoyed over the last week or so. This week may be a key week as…

DAILY MARKET REPORT – 21/02/2025 Further downward movement seen yesterday, albeit small, as the market continues to hold fundamentals in comfortable view. Temperatures for the coming days are higher than seasonal normal and expected to hold close normal for the remaining days of winter delivery in the latest forecasts…

DAILY MARKET REPORT – 20/02/2025 The downward momentum continued yesterday after a small bounce was seen in the previous session. Considerably warmer temperatures for the days ahead, followed by close to seasonal normal levels for the coming weeks will help alleviate any pressure on EU gas storage levels. Those levels,…

DAILY MARKET REPORT – 19/02/2025 An upward bounce seen yesterday, but likely not caused by the ‘positive’ talks between the US and Russia who appear to both see a pathway forwards to ending the conflict in Ukraine. Talks seemed to focus on structuring high level agreements, perhaps with both…

DAILY MARKET REPORT – 18/02/2025 Further downward movement seen yesterday, pushing the TTF front month contract below €50 once again where it has remained above since the end of January. Today sees the meeting of a face to face US and Russian delegation in Saudi Arabia to discuss the…

DAILY MARKET REPORT – 17/02/2025 Talks of a potential deal being made between the US and Russia over the conflict in Ukraine, whilst appearing to exclude Ukraine and Europe from the discussions, appear to be giving the energy markets some confidence. The US are also becoming more aggressive with…

DAILY MARKET REPORT – 14/02/2025 The ‘correction’ continued aggressively yesterday with around 8% fall in prices. Mixed news including a potential start of talks around ending the conflict in Ukraine and EU gas storage rules ahead of next winter looking to push some of the fear out of the…

DAILY MARKET REPORT – 13/02/2025 A continuation of the final hour from Tuesdays session was seen early on yesterday, pushing price levels down further where they held for much of the day with some varied movement throughout the session. Warmer temperature forecasts for the week ahead will have given…