Energy Broker: April 2019 Market Report

Prices were much more volatile this past month (April 2019) with the recent bearish run coming to a halt. Whereas far forward prices (greater than 2 years forward) have not changed much month on month, rolling annual prices in the...

Energy Broker: March 2019 Market Report

March 2019 could not have been more different to March last year – no ‘Beast from the East’ for starters, in fact we experienced some quite balmy temperatures for the time of year, which were generally above seasonal normal, and...

Energy Broker: February 2019 Market Report

Prices dropped pretty much all along the curve during February 2019, with the forward curves for the rolling annual prices increasingly tending towards contango. Temperatures were generally above seasonal normal; some days were remarkably warm, with record high temperatures experienced...

Energy Broker: January 2019 Market Report

During January 2019, movements in the structure of the forward curves for the rolling annual prices indicate a shifting sentiment, with nearby prices dropping about 5%, whereas forward prices increased. Even though average temperatures during the month were about normal...

Energy Broker: December 2018 Market Report

Let me start by wishing a Happy New Year to all our readers. Like last month, UK’s energy prices peaked in the middle of the month driven by short term temperature effects but ended December slightly lower month on month...

Energy Broker: November 2018 Market Report

November 2018 was, as usual for this time of year, a reasonably volatile month for wholesale energy prices; peaking at 8-10% higher in the middle of the month, however, forward prices ended up pretty much where they started or even...

Energy Broker: October 2018 Market Report

Wholesale energy prices have dropped significantly during October 2018 - UK’s gas and electricity annual prices decreasing by just over 10%; crude oil prices also decreased about 10% too. However, spot UK energy markets were volatile, driven primarily by changing...

Energy Broker: September 2018 Market Report

Whereas oil prices have continued with their seemingly ever-increasing run up, UK’s gas and power had a much more volatile month. By mid-month UK gas had touched highs not seen since 2011 for annual contracts and UK power reached levels...

Energy Broker: August 2018 Market Report

During August 2018 UK energy prices increased relentlessly, they were up by 10%, with forward curves for rolling annual prices also increasing their backwardation further; structurally supporting the market strength. Notably, CO2 prices also increased significantly, demonstrating that gas demand,...

Energy Broker: July 2018 Market Report

During July 2018, UK energy prices mostly rolled up the backwardated annual forward curves, meaning prices generally increased slightly, by the end of July 2018. There were some exceptions, essentially nearby months for power were slightly more bullish than gas....