Latest Market Updates

DAILY MARKET REPORT – 28/05/2025A mixed day seen yesterday as speculation of the US looking to impose sanctions on Russia were circulating early afternoon, but then failed to hold with any convicting impact on the market.Norwegian flows still below their ‘normal’ levels thanks to planned maintenance which is also topped…

DAILY MARKET REPORT – 27/05/2025A small upward move to end the week seen in Fridays session.Norwegian flows have been rather volatile ahead of a period of prolonged planned maintenance this summer – which will reduce flows until early July by up to 100mcm.Over the weekend high winds reduced spot prices…

DAILY MARKET REPORT – 23/05/2025A further small downward move seen in yesterdays session, after pushing upwards earlier in the week with comfort returning after the large decrease in Norwegian output mid-week.This morning Ofgem confirmed the UK domestic Price Cap value at £1,720 as a headline rate, representing a 7%…

DAILY MARKET REPORT – 22/05/2025A small downward move seen in yesterdays session, after pushing higher on Tuesday.The Norwegian flows, much improved versus yesterday, are still lower than the usual values thanks to a series of planned outages – typical during the summer months to help ensure stability during the crucial…

DAILY MARKET REPORT – 21/05/2025After 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 have helped.Germany storage…

DAILY MARKET REPORT – 20/05/2025Yet 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 hours, it seems…

DAILY MARKET REPORT – 19/05/2025Another 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 Putin was not…

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) of £1,849 will…

DAILY MARKET REPORT – 16/05/2025No 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 was suggested, by…