Latest Market Updates

DAILY MARKET REPORT – 24/02/2023 A balanced session overall yesterday with little movement in either direction. Flows, temperatures and overall general outlook remain largely unchanged which provided for a lack of direction and keeps the market in its ‘holding pattern’ for now. Today of course marks the one-year anniversary of…

On Monday (27th February), Ofgem are due to announce the result of the latest Price Cap for the period 1st April to 30th June 2023. Auxilione have been tracking the development of the Price Cap, as we have done in previous periods, and outline our final forecast for the upcoming…

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…