Energy prices were volatile throughout April 2018 and maintained their bullish trend, with only brief respites. UK’s wholesale power prices increased by 6-8% and UK gas prices moved up nearer 10%. Oil prices moved up even more providing general underlying support to the sentiment. Backwardation in the forward curve for rolling annual prices increased further, […]
Winter revisited UK’s energy market again during March 2018 and whereas spot and day-ahead prices did respond, it was not as much as in February. However, this time forward prices reacted much more aggressively. Furthermore, negative news regarding the Groningen gas field added to the longer-term supply concerns, providing additional price support. So, despite a […]
Energy Broker: February 2018 Market Report: So, the weather did play havoc with the UK’s wholesale energy markets in February 2018, though just during the last week, and in reality, only impacting the prompt market; the day-ahead and spot prices making historical high prices. Whereas front-month (March 2018) prices did rise somewhat too, annual prices […]
Several factors are influencing the 2018 energy market, demanding UK brokers to put-forward new strategies and practices. Expertise in the area will be a key element to guarantee savings on contract renewals. This article was originally featured in The Energyst March’s Edition: The Energyst – March 2018 For many years prior to summer 2016, […]
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 […]
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 […]
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 […]
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. […]
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 […]
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