Market Insight

DAILY MARKET REPORT – 31/10/2024 A decrease in price levels seen yesterday as potentially some profit taking at these levels takes place and relaxes the market a little. Temperature forecasts for the coming days are above seasonal normal, which has changed significantly in recent weeks a number of times. Gas…

DAILY MARKET REPORT – 30/10/2024 A fairly flat day seen in yesterdays session with little movement across the curve. Prices therefore continuing to hold at these levels for now whilst we approach the end of October, the first delivery month of the winter season, and head towards November which…

DAILY MARKET REPORT – 29/10/2024 Markets unwound the gains seen late last week after retaliatory strikes by Israel on Iran avoided energy infrastructure – receding some of the premium gained in recent sessions. Markets however remain considerably nervous and hold considerable premium. Cooler temperature forecasts for the coming days also…

DAILY MARKET REPORT – 28/10/2024 Markets closed at their highest levels seen for some time on Friday as colder forecasts for early November and continued concerns around activities in the Middle East pushed the premium higher still. Below seasonal normal temperatures are expected in the coming days may see…

DAILY MARKET REPORT – 25/10/2024 The market remains firm as it tackles with the continued concerns around escalations in the Middle East and also those on the Ukraine-Russia border. Those have been around for some time now, but show no signs of abating as the colder temperature forecasts start to…

DAILY MARKET REPORT – 24/10/2024 A further upward movement seen yesterday as the market now pushes the front season (Summer 2025) contract to those key levels of £1 and €40 for UK and EU gas respectively. Yesterday saw the TTF Front Month contract settle at €41.38 (from €40.70) and…

DAILY MARKET REPORT – 23/10/2024 A continuation of the small upward movement seen yesterday as temperature forecasts for November were lowered below seasonal normal in the latest simulations which may start to add pressure to the supply/demand mix. Yesterday saw the TTF Front Month contract settle at €40.70 (from…

DAILY MARKET REPORT – 22/10/2024 An upward start to the week as we continue to hover around the key levels of £1 or €40 in the UK and Europe respectively for the front month contract which has been the case for some weeks now on and off. Forecasts of…

DAILY MARKET REPORT – 21/10/2024 A small decline in prices seen in Fridays session to end a relatively quiet week. Windy weather over the weekend saw spot electricity prices fall to low or negative values for selected hours which is expected to continue in the days ahead. After several…