Latest Market Updates

Whether energy bills are £2,000, £3,000 or £4,000 a year, they are still massive compared to the £600-£800 yearly bills most homes paid for energy pre-2021.     The big question for many billpayers is when energy bills will go back to normal. Sadly, that might not happen for years. Cornwall Insight…

DAILY MARKET REPORT – 25/05/2023 A small downward movement on the prompt contracts, but stable on the curve, in yesterdays session – which mirrors many of the sessions in recent days. This morning Ofgem have confirmed the latest Price Cap figures which, for the first time in 18 months, sees a…

DAILY MARKET REPORT – 24/05/2023 A continuation of a relatively quiet market of late, with only very small movements in our monitored contracts in yesterdays session. Much of this ‘calmness’ will be a welcome sign to many after incredible volatility over the past 18-months or so and will be hoping…

DAILY MARKET REPORT – 23/05/2023 Yet another calm session to start the week off which saw no real overall movement across the board. The prompt remains soft with a clear winter premium – something the market has been used to for many years with the exception of the last couple…

DAILY MARKET REPORT – 22/05/2023 Markets held steady to end the week showing a fall of decent proportion against values of the previous week, something most definitely welcome. This is supported by gas storage levels increasing and holding close to the 2019/2020 trends – which both saw 85% being hit…

DAILY MARKET REPORT – 19/05/2023 A fall in prompt prices pushed levels to those not seen since 2021, with the TTF front month now sitting below €30/MWh and UK NBP below 70p/therm. The latest temperature outlook continues to show June to be a warmer than seasonal month, which has been…

DAILY MARKET REPORT – 18/05/2023 A small uptick in curve prices in yesterdays session, but not so on the prompt contracts as supply continues to hold strong and underpin confidence levels. Yesterday saw the TTF June contract settle at €31.95 (from €31.82) and the NBP June contract at 72.95p (from…

DAILY MARKET REPORT – 17/05/2023 Another calm session, something now of common occurrence, saw a further bearish tone across the board. We now see the UK gas winter contract close to 120p/therm, having held around 150p/therm until recently. Similarly we also see spot prices at much more sensible levels, although not back…

DAILY MARKET REPORT – 16/05/2023 A bearish session to get the week underway, with the curve contracts attracting the most movement with the TTF winter contract now below €50. Yesterday saw the TTF June contract settle at €32.31 (from €32.77) and the NBP June contract at 74.45p (from 75.93p). Norne…