Latest Market Updates

DAILY MARKET REPORT – 21/05/2025 After several weeks of little to no movement, yesterdays session saw an upwards movement. Whilst mixed reasons were at play, the loss of some 50% of the Norwegian output with both Kollsnes and Troll both on planned outage for a couple of days won’t…

DAILY MARKET REPORT – 20/05/2025 Yet another session of very little movement to get the week underway. This comes as the much-anticipated progress of peace talks pivoted on calls between the Presidents of the US, Ukraine and Russia. Despite the US-Ukraine call lasting just minutes and the US-Russia call two…

DAILY MARKET REPORT – 19/05/2025 Another session of little movement seen on Friday to end a week of little action throughout. Early in the week the anticipation of face to face talks between Russia and Ukraine on Thursday likely pushed the ‘let’s see what happens there’ agenda, but President…

As we usually do, once the calculation period closes, we publish our prediction for the upcoming domestic price cap. The next one being effective 1st July 2025. Ofgem will shortly be announcing the final values. Our prediction is that the current value (effective 1st April 2025)…

DAILY MARKET REPORT – 16/05/2025 No real movement seen from yesterdays session as it was confirmed President Putin would not be in attendance at the peace talks with Ukraine. This does seem to have frustrated expected progress from earlier in the week when the idea of a face-to-face meeting…

DAILY MARKET REPORT – 15/05/2025 A small downward movement seen in yesterdays session, unwinding the gains seen in the previous one. The US President has been on tour in the Middle East and securing trade deals with Saudi Arabia and Qatar. Today also sees face to face discussions between…

DAILY MARKET REPORT – 14/05/2025 More small upward movement seen in yesterdays session, continuing the bullish trend of the last couple of days. No real change to fundamentals, but perhaps the consideration around the potential change in Russian gas to Europe – expected to be banned in stages later…

DAILY MARKET REPORT – 13/05/2025 An upward start to the week, as Fridays losses were quickly retraced in yesterdays session. This was despite news of direct talks between Russia and Ukraine, at the highest possible level, later this week and the US announcing agreed tariffs with China who set…

DAILY MARKET REPORT – 12/05/2025 A small downward movement to end the week seen in Fridays session, following both up and down days across the earlier sessions. Over the weekend it seems some progress may have been made with in person talks expected between Russia and Ukraine on Thursday. It…