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Weekly Energy Market Update 30/11/2018

In the UK, cooler weather saw demand rise and despite healthy supplies and high wind output, the system was slightly undersupplied. The colder British weather sparked an increase in demand, resulting in the system being under-supplied (although only marginally). This was surprising considering good supplies and wind output. There were continued arrivals of LNG to…

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Wholesale Energy Prices Update 23/11/18

There were continuing market falls last week as the cold came and went with little impact and oil stayed down. Last week’s anticipated problems from the cold Europe weather never materialised, negating the already built-up risk premium, compounded by more temperate forecasts coming through. Oil maintained its downward trajectory with a sharp drop, as Saudi…

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opec production cuts affect the market

Wholesale Energy Market update 12/5/17

UK prices – Data shows forward annual gas and electricity prices in the wholesale market. Once again the market saw a week of volatility, ending in more price drops. Forecasts of warmer weather for Europe pulled energy prices down through the week but Macron’s win in the French elections and encouraging US employment figures arrested…

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warm weather affects energy market

Wholesale Energy Market update 05/5/17

UK prices – Data shows forward annual gas and electricity prices in the wholesale market.   The market was very active last week, with May’s weather forecasts for Europe pulling prices back from the previous week. The week kicked off with oil maintaining its steady fall drop due to the continued increase in production in…

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Wholesale Energy Market 28/4/17

UK prices – Data shows forward annual gas and electricity prices in the wholesale market. Prices were yo-yoing for most of the week but settled as falls. The unusual cold snap prompted rises at the beginning of the week but, by the middle, they’d gone the opposite way. The early week saw oil rose with…

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Wholesale energy prices update 24/02/17

UK prices – The table and graph below shows the forward annual gas and electricity pricing. Price Drivers and Outlook Last week saw a lot of volatility in wholesale gas and electricity prices, but trading closed relatively unchanged compared to where it opened. Energy prices rose initially as oil prices drifted upwards, European weather forecasts…

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