Market Insight

DAILY MARKET REPORT – 05/06/2025A flat session overall yesterday, but perhaps one of two halves.With some small adjustments to the planned Norwegian outages, but flows still expected to drop as much as 100mcm in the coming days, and wind generation levels dropping over the coming weeks – this would have…

DAILY MARKET REPORT – 04/06/2025A continuation of the upward trend seen in yesterdays session.With lower Norwegian output expected throughout June, mostly due to planned maintenance which may see up to 100mcm lower flows, this seems to be the main focal point of the current concerns.If we look at the injection…

DAILY MARKET REPORT – 03/06/2025A bullish move upwards to start the week.Talks between Russia and Ukraine took place yesterday, albeit seemingly a short discussion at which proposals were exchanged for consideration. It is believed the Russian expectation is unmoved from its previous stance. This follows a significant Ukrainian drone attack on Russian…

DAILY MARKET REPORT – 02/06/2025Welcome along to June.A bearish session to end the week seen on Friday with further tariff suggestions being commented on social media by the US President – which included suggestion of further tariffs on China and doubling those already existing for steel.As we turn fully into…

DAILY MARKET REPORT – 30/05/2025A small downward movement seen in yesterdays session as the June contracts come to a close, meaning our front month references also move on a month.The Norwegian output slowly increasing, back above 300mcm now, will help the confidence levels in terms of supply.Controversy in the US…

DAILY MARKET REPORT – 29/05/2025A slight uptick seen in yesterdays session as we head towards the end of the month.Mixed short term news, including variations in flow levels from Norway as they manage both planned and unplanned maintenance.Yesterdays day ahead power prices are low, usual for a weekday, for much…

DAILY MARKET REPORT – 28/05/2025A mixed day seen yesterday as speculation of the US looking to impose sanctions on Russia were circulating early afternoon, but then failed to hold with any convicting impact on the market.Norwegian flows still below their ‘normal’ levels thanks to planned maintenance which is also topped…

DAILY MARKET REPORT – 27/05/2025A small upward move to end the week seen in Fridays session.Norwegian flows have been rather volatile ahead of a period of prolonged planned maintenance this summer – which will reduce flows until early July by up to 100mcm.Over the weekend high winds reduced spot prices…

DAILY MARKET REPORT – 23/05/2025A further small downward move seen in yesterdays session, after pushing upwards earlier in the week with comfort returning after the large decrease in Norwegian output mid-week.This morning Ofgem confirmed the UK domestic Price Cap value at £1,720 as a headline rate, representing a 7%…