Posts by Dr Tony West

UK Wholesale Gas Prices - Pulse Business Energy

Energy Broker: January 2018 Market Report

Wholesale energy markets ended January 2018 approximately 5% lower though with some price volatility throughout the month. While there was some reasonably bullish news under-pinning both the gas and oil markets in January, this was out-weighed by a healthy UK system because of a good overall supply position. Movements in the structure of the forward […]

UK Wholesale Electricity Prices - Pulse Business Energy

Energy Broker: December 2017 Market Report

Whereas UK’s energy prices were quite volatile during December 2017, particularly for this winter’s delivery, prices ended the month pretty much where they started. As might be expected, market movements were primarily related to changeable weather conditions, though there was some fundamental impact related to short term disruptions to supply in Europe because of the […]

UK Wholesale Gas Prices - Pulse Business Energy

Energy Broker: November 2017 Market Report

November 2017 was a reasonably volatile month for wholesale energy prices; markets were firm too, with oil prices rising ~5%, UK power ~10% and gas ~20% over the month. The price volatility was driven by both political, the pending OPEC meeting, and fundamental issues, primarily a colder than normal November, with signs that winter may […]

UK Wholesale Electricity Prices - Pulse Business Energy

Energy Broker: October 2017 Market Report

Wholesale energy prices have generally moved up during October 2017. UK’s gas and electricity annual prices increasing by just under 5% whereas oil prices increased about 10%. Prompt energy markets were volatile, driven primarily by changing short term weather forecasts and forward UK prices trended up, primarily because of stronger oil prices and weaker sterling. […]

UK Wholesale Gas Prices - Pulse Business Energy

Energy Broker: September 2017 Market Report

Despite a relatively volatile month for oil, and news that some French nuclear plant will be off-line during October at least, forward UK energy prices ended the month at similar price levels to where they started. Throughout the month, UK power and gas prices were also quite volatile with the general nervousness, resulting in a […]

UK Wholesale Gas Prices - Pulse Business Energy

Energy Broker – August 2017 Market Report

After several months of seeing the annual price move pretty much sideways, the market eventually moved up quite strongly, reflecting the structural strength demonstrated by the power market. Historically, August is normally a flat month so it was perhaps somewhat surprising to see UK energy prices rise >5% in August, taking prices back up to […]

UK Wholesale Electricity Prices - Pulse Business Energy

Energy Broker – July 2017 Market Report

During the past few months, there have been several fundamentally significant developments reported; the permanent closure of Rough (UK’s large gas storage facility), an extension to the maintenance period at Kollsnes Gas field in Norway, various announcements related to restrictions in OPEC oil exports and other political matters. Generally speaking, such news would normally be […]

UK Wholesale Gas Prices - Pulse Business Energy

Energy Broker: June 2017 Market Report

As we have seen in recent months, while there has been some day to day volatility, month on month UK energy prices have again changed little, generally moving up less than 1% compared to end May 2017. The forward curves for rolling annual prices also moved little, reflecting little fundamental change in market structure and […]

UK Wholesale Electricity Prices - Pulse Business Energy

Energy Broker: May 2017 Market Report

Annual UK energy prices moved down then up within a 5% range during May 2017, ending the month slightly up by the end. The forward curves for rolling annual prices moved little reflecting little change in market structure and sentiment, despite an extension to the OPEC production agreement and UK General election jitters. The market […]