Wholesale Energy Market Review 27 May 2022

Wholesale Market News

Headlines Wholesale gas and power prices were relatively mixed throughout the week, with gains across day-ahead markets and further out on the forward curve too. However, front month contracts across gas and power recorded losses, somewhat indicative of the on-going wholesale price volatility in recent weeks. Day-ahead gas rose 18.4% to 116.00p/th, buoyed by an

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TEAM Energy appoints two climate action experts to their Energy Services

As part of their commitment to grow the Consultancy arm of the business and support organisations to achieve their net zero ambitions, TEAM Energy is continuing to grow their Energy Services team by appointing two energy and sustainability experts. Accomplished energy management professional, Tosin Murele has joined the business as Analytics Consultant, and data and

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Wholesale Energy Market Review 20 May 2022

Wholesale Market News

Headlines The majority of gas and power contracts decreased this week. The day-ahead contracts were an exception with day-ahead gas jumping 96.0% to 98.00p/th. Day-ahead gas was supported early in the week by lower levels of LNG send-out and restricted Norwegian supply as a result of maintenance. Month-ahead gas lifted 2.3% to 158.55p/th while the

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Wholesale Energy Market Review 13 May 2022

Wholesale Market News

Headlines Wholesale gas and power prices continued on trend this week, with on-going volatility across both markets – with losses observed across most near-term contracts, with some gains observed further along the forward curve. Day-ahead gas fell 23.1% to 50.00p/th, following the continuation of much warmer weather across the UK, supressing domestic heating demand, coupled

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Wholesale Energy Market Review 06 May 2022

Wholesale Market News

Headlines This week saw mixed price movements; near-term gas and power contracts recorded strong losses, whilst longer dated seasonal contracts increased. Day-ahead gas fell 48.0% to 65.00p/th, following a prominent decline in price observed on Friday 6 May. Prices were driven by strong system oversupply aided by higher Norwegian flows alongside reduced LDZ demand, amid

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6 months on from COP26, what have we achieved?

We are now six months on from COP26, in which nations gathered in Glasgow to discuss the damage climate change is having on the world and made commitments to getting us back on track with the promise to limit global warming to 1.5°C. So, what progress has been made since the Summit in November 2021,

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