Headlines All power and gas contracts increased this week, amid lower temperatures boosting gas heating demand, and low wind outturn in the latter half of the week. Day-ahead gas rose 13.5% to 64.60p/th, following colder temperatures supporting rising gas heating demand, coupled with low LNG send out from the South Hook terminal on Friday. Day-ahead
Headlines This week saw a continued bearish pricing trend, with all tracked wholesale gas and power contracts in GB registering week-on-week price losses. Ongoing milder weather and increased wind power generation have kept near-term prices lower this week, while longer-dated contracts have taken price direction from wider movements in international commodity markets. Day-ahead gas fell
Headlines This week saw the continuation of a more bearish price movements, after what has represented a largely suppressed wholesale pricing environment in the opening two months of 2024. Falling near-term gas contract prices set a lot of the bearish sentiment for downward trending wholesale prices in the week, and in turn, prompted power to
Headlines Most wholesale gas and power contracts experienced losses this week, opposing the trend seen in the week previous. Day-ahead gas fell 0.4% to 69.00p/th, as increased Norwegian flows provided a bearish pricing environment. Opposing its gas counterpart however, day-ahead power rose 25.2% to £67.00/MWh, with lower wind generation projections in the week ahead acting
Headlines Most wholesale gas and power contracts experienced week-on-week gains this week. However, we continue to observe subdued wholesale energy prices compared to the year previous. Day-ahead gas rose 5.1% to 69.25p/th, despite above-average temperature forecasts in tandem with strong flows from the Norwegian Continental Shelf providing greater supply security to GB. Opposing this, day-ahead
Headlines It was a predominantly bearish week for gas and power contracts this week, continuing the trend of decreasing wholesale prices observed across much of 2023 and 2024 to date. Day-ahead gas fell 5.9% to 65.90p/th, following periods of above-average temperatures during the week and further limited by reduced maintenance works across the Norwegian Continental
Headlines Wholesale gas and power prices saw downward price movements throughout the week in GB, with strong European gas storage levels and stable Norwegian and UK Continental Shelf flows acting to soften margins, resulting in most power and gas contracts falling, with the one exception to this downward trend coming from the summer 25 contract
Headlines We observed consistent bearish gas price movements across all tracked contracts this week, a likely consequence of the continued strong EU gas storage levels, at approximately 82% full at the time of writing. As a result, day-ahead gas fell 8.6% to 80.00p/th, despite below-average temperatures increasing domestic heating demand. Similarly, February 24 gas was
Headlines This week saw a reversal of recent bearish price movements across most gas and power wholesale contracts. Subsequently, we saw the majority of gas and power contracts increase week-on-week. Day-ahead gas rose 9.4% to 87.50p/th, due to lowering temperatures seen during the week, boosting gas demand for heating. Current forecasts also point towards an
13.32 04/12/23 Day 5 Early on in the day the Energy and Climate Intelligence Unit, a non-profit organisation based in the UK conducting independent research and analysis on energy and climate issues, talked about the Net Zero Tracker. This is a consortium project that look at all nations and all regions in the world
In response to the demand in net zero and carbon reduction support, we have built on our already experienced Energy Services team by appointing four new energy consultants. As an experienced consultant, over the last few years Casey Streat has honed her skills and knowledge within the energy management industry. Casey has worked on
7 Takeaways from the UK Government’s Green Day The UK Government published a series of reports, policies and consultations as part of Green Day. As it could take quite some time to read all 2,840 pages, we have pulled together 7 of our key takeaways for you, from the carbon import tax to embodied emissions
