Latest Market Updates

As we edge closer to the next quarterly cap coming to an end of being calculated in the coming weeks, we take a look at how this may impact consumers in our latest forecasts. Currently the government have in place the Energy Price Guarantee which is expected to increase from…

DAILY MARKET REPORT – 01/02/2023 The last trading day of January was a bullish one with prices rising around 5%. Issues remain on the Norwegian fleet with Kollnes still on unplanned outage. French power sector workers are planning to go on strike early next week. Freeport LNG has sought regulator…

DAILY MARKET REPORT – 31/01/2023 The March contracts now start to become our new front month as we come to the end of January. We’ve seen a rather bearish month with the market holding steading in the second half of the month. The European Commission has appointed Prisma to manage its ‘joint…

DAILY MARKET REPORT – 30/01/2023 It wasn’t quite a clean sweep of bearish sessions last week after Friday session initially gave us some hope before turning later in the afternoon to close just slightly up on the previous day. The most notable story from Friday was the confirmation of ICE planning…

DAILY MARKET REPORT – 27/01/2023 Another bearish session enjoyed yesterday as warmer temperatures are expected to see out January and welcome February over the coming days. Another bearish session today would have seen the whole week enjoy some downside, something not seen for some time. We saw the US Henry Hub…

DAILY MARKET REPORT – 26/01/2023 Markets continued their bearish direction for the third day this week in yesterdays session as the weather and supply outlook continues to give the market a level of comfort for the weeks ahead. After the DFS was activated earlier in the week by National Grid…

DAILY MARKET REPORT – 25/01/2023 A continuation of the bearish sentiment was seen across the board yesterday, pushing the levels to new lows not seen for a while to be tested. Temperatures are expected to return to seasonal normal from today and hold at or above them for the weeks…

Yesterday saw the market start the week in bearish fashion once again …. Undoing the rise seen on Friday. It was also a day of media excitement surrounding National Grid ESOs Demand Flexibility Scheme (DFS) which operated last night for real following a series of test runs late last year. It…

The first ‘aggressive’ upwards move of the year so far was seen on Friday as prices regained the losses enjoyed over the course of the week. This was mostly caused by revised downward temperature forecasts, despite EU gas storages still holding impressive levels for this time of year. So far this…