Market Insight

DAILY MARKET REPORT – 20/01/2025Markets finished upwards on Friday after a rollercoaster week following that aggressive rise on Monday.Low wind today has pushed spot power prices to high levels once again. Day ahead prices set yesterday close to £200, with peaks hitting £500 in the late afternoon.A mixed weather outlook in…

DAILY MARKET REPORT – 17/01/2025A small downward movement seen in yesterdays session as the market continues to slowly recover from Mondays bullish run.No real change in overall outlook as we await the inauguration of President Trump into office on Monday where it is expected he will maintain his view of…

DAILY MARKET REPORT – 16/01/2025A fairly flat session yesterday with only small movements seen in most contracts.It is worth pointing out however that the US Henry Hub month ahead contract has been creeping upwards for several months and is now about $4. The last time we saw it do this was…

DAILY MARKET REPORT – 15/01/2025A small downward movement seen in yesterdays session, but not enough to unwind the surge seen on Monday.With continued discussion around whether or not Ukraine will be asked, or persuaded, to permit Russian gas flows to assist certain countries largely impacted by the end of the…

DAILY MARKET REPORT – 14/01/2025Just a couple of weeks into January and we’ve already had plenty of market activity – including some incredible spot power prices – but also yesterday saw a dramatic increase in prices along the near-term curve also.EU gas storage levels are sitting around two-thirds full, which…

DAILY MARKET REPORT – 13/01/2025A flat end to a session which showed some bearish sentiment initially on Friday.Temperatures are now expected to return close to seasonal normal this week after a cold spell.Prices continue upwards this morning, continuing the trend seen late on Friday, despite the better outlook for the…

DAILY MARKET REPORT – 10/01/2025A further small downward movement seen along the curve in yesterdays session once again.In the near term however, UK day ahead prices cleared at very high prices as expected. A tight market was forecast again as temperatures stay low and wind generation remains low.Temperatures are expected to…

DAILY MARKET REPORT – 09/01/2025A bearish session seen yesterday across the curve, however much of the focus was on how tight the UK electricity system was.Several notices were issued by National Grid ESO in an attempt to balance the system, and cashout prices hit £2,900 several times throughout the…

DAILY MARKET REPORT – 08/01/2025A flat session by the end of the day after a bearish start seen yesterday.Lower wind generation expected for much of this week has pushed spot power prices upwards once again whilst being squeezed with lower temperatures. Both are expected to subside into next week on current…