Market Insight

DAILY MARKET REPORT – 20/03/2023 A bearish end to the week saw markets hit some lows not seen in a while. This comes as we are now just days away from the end of the winter season with 55% gas stocks held and temperatures expected to hold close to seasonal…

DAILY MARKET REPORT – 17/03/2023 A small uptick in markets yesterday as the values stay relatively stable in recent weeks as we head quickly towards the end of the winter season. Looking ahead, EU storage levels will close just slightly below their last five year average thanks to the recent…

DAILY MARKET REPORT – 16/03/2023 Another continued bearish session yesterday despite the French strikes, affecting LNG terminals, being announced they will continue into next week. As expected, the Budget announced by the Chancellor Jeremy Hunt yesterday confirmed the Energy Price Guarantee for households will continue at the current level of £2,500…

DAILY MARKET REPORT – 15/03/2023 A big bearish session to continue the week and has now undone the gains seen at the end of last week. We also saw a big fall in Brent and EUAs in yesterdays session. Today is budget day in the UK and it has widely been…

DAILY MARKET REPORT – 14/03/2023 A bearish end to a turbulent session yesterday, but not enough to ‘undo’ the gains seen at the end of last week. French strikes continue, which have affected energy plant maintenance and operations at LNG terminals across the country. Today the European Commission is expected to…

DAILY MARKET REPORT – 13/03/2023 After a bullish end to Thursdays session, Friday rallied further with gains over 20% seen across the board. It was surprising to most participants as no significant news drove the move. Continued French strikes, EDF instructed to inspect many welds at nuclear plants together with rumours of…

DAILY MARKET REPORT – 10/03/2023 Markets showed a mixed session, starting off rather calm before the bulls took hold in the final hours on the back of potential renewed LNG buying interest in Asia. This isn’t helped by further French nuclear issues and personnel strikes in the sector. The EU Energy…

DAILY MARKET REPORT – 09/03/2023 Markets retreated from their previous days gains and showed continued long term confidence despite the short term cold temperatures. The latest temperature forecasts suggest we may see a continuation of lower than seasonal normal levels with a second ‘dip’ around 5 degrees below normal on…

DAILY MARKET REPORT – 08/03/2023 With a short spell of colder temperatures arrive, the markets showed a small upside in yesterdays session, albeit limited. After announcing an Electricity Margin Notice and potentially calling upon the Demand Flexibility Service, both were stood down whilst coal plants remained on standby. Temperatures are…