Latest Market Updates

DAILY MARKET REPORT – 24/01/2024 A flat session yesterday, ending almost unchanged to where it started. Whilst this may not seem exciting or interesting, it is a good sign. If we cast our minds back a few years, the current spot prices were ‘normal’ levels during winter months. We are nearing…

DAILY MARKET REPORT – 23/01/2024 A bearish start to the week, as those temperatures start to increase after a few days of cold. No change on the outlook in terms of supply which remains stable, gas storage which remains just under 75% or temperatures which remain to show above or…

DAILY MARKET REPORT – 22/01/2024 A slight uptick to end the week in Fridays session, but overall a bearish week last week. Temperatures have now started to increase and are expected to be above seasonal normal for the coming weeks as forecasts now start to look towards the end of…

DAILY MARKET REPORT – 19/01/2024 A level session seen yesterday after a series of bearish ones of late as the market continues to hold at some long-term lows and below key levels such as €30/MWh and 70p/therm on the front month gas contracts. The latest weather runs show that the…

DAILY MARKET REPORT – 18/01/2024 The bearish sentiment continues. A further downward movement in yesterdays session to push values to new lows, not seen for some time, were welcomed backed by comfortable supply levels and a temperature forecast towards the end of winter that suggests no further cold spells for…

DAILY MARKET REPORT – 17/01/2024 No significant change to levels across the board yesterday as prices hold at current levels in yesterdays session. The current cold spell is nearing its end, with warmer temperatures expected next week. Activity in the Red Sea continues to be a key focus for commercial…

DAILY MARKET REPORT – 16/01/2024 Markets continued their downside trend to start the week off, pushing through key psychological levels (typically round numbers such as €30). No change to the temperature outlooks in the latest long term runs, with some colder days for the rest of the week before jumping…

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…