Latest Market Updates

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…

DAILY MARKET REPORT – 14/12/2023 A slight uptick in yesterdays session, after having a few bearish sessions of late, isn’t a surprise to see. Supply outlook still looking healthy may help to keep and hold this level for the foreseeable, after breaking below some key levels recently that have been…

DAILY MARKET REPORT – 13/12/2023 A further bearish session seen yesterday as the market pushes to new long term lows on the back of a high degree of comfort with the winter delivery so far. Barring any surprises, the supply and demand mix is forecast to be comfortably met. That said…

DAILY MARKET REPORT – 12/12/2023 A sizeable move downwards in yesterdays session to start the week off. The latest weather runs show at or just above seasonal normal temperatures to be expected until early January which will further help keep panic at bay. At the same time, plenty of LNG heading…

DAILY MARKET REPORT – 11/12/2023 A downward end to the week as markets showed yet another bearish session to unwind the previous days gains. With the colder weather now passing, and expected to stay close to seasonal normal for the coming weeks, markets appear once again calmed. Combined with a flurry…

DAILY MARKET REPORT – 08/12/2023 A further small uptick seen in yesterdays session following several days of downward movements over the past week. The latest temperature forecasts continue to show a warm few days ahead followed by close to seasonal normal until well into January. Couple that with continuing healthy gas…

DAILY MARKET REPORT – 07/12/2023 A slight bounce in yesterdays session, which is unsurprising after a few consecutive bearish sessions. Yesterday saw the TTF Front Month contract settle at €39.31 (from €38.13) and the NBP Front Month contract at 98.25p (from 95.38p). No unplanned outage this morning and we see…

DAILY MARKET REPORT – 06/12/2023 A further bearish session seen yesterday as the market pushes to new lows and through some crucial psychological levels on the front contracts. Continued healthy flows and seasonal normal weather are helping to give comfort to the market. Yesterday saw the TTF Front Month contract…