Latest Market Updates

DAILY MARKET REPORT – 23/02/2023 A bullish session was seen yesterday as markets continue to stay in their ‘holding pattern’ seen of late. The latest long term temperature forecast shows a ‘dip’ to be expected around 7th March, with temperatures from today getting to and staying below seasonal normal until…

DAILY MARKET REPORT – 22/02/2023 A bearish session once again followed Mondays bullish start to the week, but this time some new interesting values seen in certain contracts. EUAs breached the €100 marker after coming close several times recently and Henry Hub dipped below $2 for the first time in…

DAILY MARKET REPORT – 21/02/2023 A mixed day yesterday showed a bullish start to the session before retreating back later in the day. EUAs hit a record level of €99.99 before retreating slightly yesterday as markets overall showed an upward trend until later in the session where they returned close…

DAILY MARKET REPORT – 20/02/2023 A bearish end to the week saw the Dutch TTF front month contract fall below €50, a level not seen since late 2021. Whilst the market continues to show new levels of comfort, there are still around six weeks left of the winter period and…

The energy price cap, which protects consumers from unbridled increases, is still set to rise from £2,500 to £3,000 in April. Tony Jordan, senior partner at energy consultancy Auxilione said: ‘Unfortunately, we’re not going to get all the benefit for the current price until the price cap decision in July.

DAILY MARKET REPORT – 17/02/2023 A bearish session yesterday, removing the gains seen from Wednesdays session, once again maintaining an area of comfort the market seems to have found of late. A warm week ahead is expected before dipping below seasonal normal as we close out February, and the latest…

Tony Jordan, senior partner at energy consultancy Auxilione, has said the Competition and Markets Authority would be ready to step in if they saw any evidence of British Gas getting a preferential deal. “There are ‘glass walls’ around the supply of energy” says Jordan. “Centrica can’t trade…

DAILY MARKET REPORT – 16/02/2023 An upwards move across the board yesterday as the end of winter became that little bit further away. A move once again in temperature forecasts to show an earlier cold spell to be expected next week, rather than in March, will have helped push up…

“I imagine households will be a lot more savvy about looking for the best deal now,” said Tony Jordan, a consultant at Auxilione. “In the back of their minds, they may still have worries about company collapses and stability.” To read the full story, click here.