Market Insight

DAILY MARKET REPORT – 18/10/2024 A fairly quiet day as prices remained flat to the previous session yesterday. No change to the overall outlook with plenty of gas held in EU storage facilities and temperature forecasts for the week ahead continue to show seasonal normal expectations. Yesterday saw the…

DAILY MARKET REPORT – 17/10/2024 The daily yo-yo effect continues as yesterday saw a further small decline in price levels, but holding close to some key levels as they have done so now for a number of recent sessions. EU Gas storage appears to have reached its limit as…

DAILY MARKET REPORT – 16/10/2024 A downward turn seen in yesterdays session as we once again follow the yo-yo trend seen commonly in recent weeks. Some warmer temperatures are expected in the days ahead, and renewables have been pushing spot power prices to low (or negative) values for some…

DAILY MARKET REPORT – 15/10/2024 An upward start to the week as the market reacts to unplanned issues with the Norwegian output and further developments in the Middle East and also that on the Ukraine-Russia border. The market remains extremely nervous, despite holding a strong fundamental outlook for the…

DAILY MARKET REPORT – 14/10/2024 A small downward movement seen to end the week on Friday, but still holding close to key levels reached. Little change in the outlook with eyes remaining on the Middle East, whilst some further issues in the Norwegian gas infrastructure limits the output capacity…

DAILY MARKET REPORT – 11/10/2024 Back into the yo-yo of sessions as yesterday saw prices rise once again with the front month contracts back above those key levels of £1/therm and €40/MWh. It is expected that Russian gas will increase to Hungary after a memorandum of understanding was signed…

DAILY MARKET REPORT – 10/10/2024 A further bearish session yesterday, continuing to unwind the gains seen late last week as the market takes out some of the premium injected in recent weeks once again. Geopolitical factors remain the key driver to movements in either direction with eyes focussed on…

Being a little over half way into the calculation period for the upcoming January 2025 Price Cap, we thought we’d update where we see things going – based on current market conditions. Since the split of Price Caps into quarterly announcements following the ‘energy crisis’ a couple of…

DAILY MARKET REPORT – 09/10/2024 After rising for much of last week on the back of the escalations in the Middle East, a softer session was seen yesterday after key price levels were hit on the front month contracts, suggesting some profit taking. With no key driver to push…