Wholesale Energy Market Review 29 April 2022

Wholesale Market News

Headlines This week, the majority of gas and power contracts reported losses, despite news that Bulgaria and Poland saw gas supplies from Russia cut off on Wednesday, prompting notable bullish price movement mid-week. Day ahead gas dropped 20.9% to 125.00p/th, weighed on by system oversupply following a reduction in exports to Europe, amid maintenance at

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Wholesale Energy Market Review 22 April 2022

Wholesale Market News

Headlines Near-term gas and power contracts moved lower this week, while most seasonal contracts continued to increase. Day-ahead gas dropped 11.2% to 158.00p/th, with warmer temperatures leading to reduced demand towards the end of the week. Month-ahead gas lost 7.2% to 185.16p/th and June 22 gas slipped 4.1% to 209.97p/th. Seasonal gas contracts rose 3.8%

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Smart businesses combine ESOS and SECR

Business building

The Energy Savings Opportunity Scheme (ESOS) and Streamlined Energy and Carbon Reporting Scheme (SECR) have become part of the regulatory landscape since coming into force in 2014 and 2019, respectively. These separate schemes are both mandatory for large businesses that meet the scope, but many may not realise that some parts of the compliance overlap.

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Wholesale Energy Market Review 8 April 2022

Wholesale Market News

Headlines The majority of gas and power contracts retreated week-on-week, with the predominant bearish movements seen across near-term contracts, but with gains seen further out on the forward curve – a potential consequence of risk premimums being baked into longer-dated contracts as global wholesale energy supply disruption concerns continue in the wake of the war

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Another Government energy strategy that fails to consider efficiency

At the risk of sounding like a broken record, here we are again with a new energy strategy from the Government that does not factor in the role of tackling waste and investing in energy efficiency as part of solving the growing energy crisis. The Government’s latest plan, the British Energy Security Strategy, follows a

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Wholesale Energy Market Review 1 April 2022

Wholesale Market News

Headlines The majority of power and gas contracts increased this week. Day-ahead gas climbed 16.0% to 298.00p/th, supported by colder temperatures and an undersupplied gas system towards the end of the week. The new month-ahead contract (May 2022) gained 11.3% to 298.23p/th and June 2022 gas jumped 23.4% to 301.93p/th. Seasonal gas contracts moved 2.7%

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