Wholesale Market Review

27 January 2023

Headlines All wholesale gas and power contracts experienced week-on-week losses this week, as we continue to observe the continual decline of wholesale energy prices in the early part of 2023 to date. Day-ahead gas fell 12.4% to 138.00p/th, following warmer weather trends, particularly as the week progressed – coupled with higher levels of renewable generation, […]

Read more

20 January 2023

Headlines The majority of wholesale gas and power contracts experienced week-on-week losses this week, with day-ahead baseload power being the notable outlier. We continue to see the downturn of wholesale energy prices, particularly in comparison to pre-Christmas levels. Furthermore, day-ahead gas fell 5.1% to 157.50p/th, following the continued receipt of higher levels of LNG deliveries […]

Read more

13 January 2023

Headlines This week, we continued to broadly observe the downturn of wholesale gas and power prices, with outliers being day-ahead contracts. Recent milder weather has eased demand in the UK, allowing prices to soften. Added to this, the present gas storage picture on the continent remains strong. Withdrawals over the winter period have been less […]

Read more

06 January 2023

Headlines This week saw the continuation of lowering gas and power prices, moving down further from bearish price points set before the Christmas break. Despite a relative ‘pick-up’ in demand as we exit the festive period and industry resumes, prices remain in-line with recent levels. The continuation of milder temperatures has helped suppress demand, with […]

Read more

23 December 2022

Headlines This week saw the continuation of lowering gas and power prices, moving down further from bearish price points set a fortnight ago. As we head to the Christmas period, demand is generally trending lower with the closure of industrial plant. Similarly, we are also observing slightly warmer temperatures compared with recent weeks which is […]

Read more

16 December 2022

Headlines This week saw the reversal of previous consecutive weeks of largely bullish contract movements across both gas and power. This week in particular saw the softening of supply margins, weighing on a lot of the gains from the previous week, particularly in the near-term. We do however, continue to observe strong price disparity between […]

Read more

09 December 2022

Headlines This week saw the continuation of bullish price movements across most gas and power wholesale contracts. We continue to note ongoing pricing disparity between day-ahead contracts and those further out on the forward curve, with contracts into Q1-23 generally higher than shorter dated contracts. Subsequently, we saw the majority of gas and power contracts […]

Read more

02 December 2022

Headlines This week saw the continuation of bullish price movements across gas and power wholesale contracts, but we continue to note the ongoing pricing disparity between day-ahead contracts and those further out on the forward curve. Day-ahead gas rose 117.1% to 330.00p/th, with notably colder temperatures observed this week, driving demand higher for more expensive […]

Read more

25 November 2022

Headlines This week saw the continuation of bullish price movements across gas and power wholesale contracts, but we continue to note the ongoing pricing disparity between day-ahead contracts and those further out on the forward curve. Day-ahead gas rose 11.8% to 152.00p/th, following the gradual decline in seasonal average temperatures this week, placing higher demand […]

Read more

18 November 2022

Headlines This week saw the reintroduction of more bullish pricing sentiment across gas and power wholesale contracts, noting the ongoing pricing disparity between day-ahead contracts and those further out on the forward curve. Day-ahead gas rose 33.3% to 136.00p/th, following the continual decline in seasonal average temperatures and taking bullish direction from marked gains in […]

Read more

11 November 2022

Headlines This week saw the continuation of predominately bearish price trends across gas and power wholesale contracts, noting the on-going marked disparity between day-ahead contracts and those further out on the forward curve. All tracked GB wholesale contracts saw losses week-on-week, the noteworthy exception being the day-ahead power contract. Day-ahead gas fell 6.4% to 102.00p/th, […]

Read more

04 November 2022

Headlines This week saw the continuation of predominately bearish price trends across gas and power wholesale contracts, noting however the marked disparity between day-ahead contracts and those further out on the forward curve. Lowering levels of wind outturn seen as the week matured, coupled with colder temperatures after a markedly warm October encouraged strong price […]

Read more

Power to make change

We believe that people power can change the world. We are here to help you have a positive impact on the planet. Together we can make a difference.

Take the next step

Net Zero 2030

Leading by example, we are committed to becoming carbon neutral by 2023 and achieving net zero business emissions by 2030.

Read our net zero strategy

Our people

As an Employee Ownership Trust we embrace the three pillars of good communication, governance and leadership, putting our people first.

Learn more about us

By your side

Staying at the forefront of industry, we embrace and drive change, delivering solutions at pace and scale to meet the modern challenges of energy and sustainability.

Meet our people