Latest Market Updates

The National Grid ESO had five coal plants on standby last winter to add extra capacity at times of peak demand. This winter, only Ratcliffe has remained online after the four other units closed. The system operator’s main contingency measure is therefore to pay families to switch off devices, which…

DAILY MARKET REPORT – 15/01/2024 And we’re back! Welcome to our first daily report of 2024 after a couple of weeks break and a Happy New Year to all of our readers. Remember the numbers in brackets are the values shown from our last report on 22nd December and not the…

DAILY MARKET REPORT – 22/12/2023 This will be our last daily report of 2023, and we shall return on 15th January after a well-earned break. We hope you have a great Christmas and New Year break yourselves. Another small rise in yesterdays session as the impact of shipping diversions in the…

DAILY MARKET REPORT – 21/12/2023 Another small bounce seen in yesterdays session as the market looks for a comfortable position following a series of downward sessions in recent weeks. It’s almost as if we’re back to a normal, with sessions moving in either direction but only by small movements ……

DAILY MARKET REPORT – 20/12/2023 As you were. After a reaction to attacks on ships in the Red Sea, which caused some concern around impact to deliveries of key fuels, markets returned to their bearish sentiment in yesterdays session – pushing to yet new long term lows. Meanwhile Norways Equinor and Germanys …

DAILY MARKET REPORT – 19/12/2023 An unsurprising uptick seen in yesterdays session after reaching low points following several bearish sessions of late. The uptick however appears to be in response to several attacks on ships in the Red Sea of late and concerns around impacts of rerouting cargoes. There are…

DAILY MARKET REPORT – 18/12/2023 Markets continued the bearish trend on Friday to end the week with price levels not seen for a considerable time. As mentioned on Fridays report, this is in stark contrast to the price levels of just a year ago and 2023 has been a year…

Some experts have said Ofgem’s plans are a good idea while others believe it will be a detriment to household finances. Tony Jordan of energy consultants Auxilione said: “This is all part of Ofgem’s plan to level out the price cap so that direct debit and prepayment customers pay the same…

DAILY MARKET REPORT – 15/12/2023 An unwinding of the previous days gains saw prices push back towards the recent lows in yesterdays session. There is continued confidence in the near-term outlook with regard to supply levels and temperature forecasts out to the end of January showing very close to seasonal…