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Weekly market update - UK Gas & Power: Bullish Shift on Geopolitical Jitters, Weekend Reversal

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 9th  April –15^th April 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £68.56/MWh for the Summer-26 seasonal power price on 12^th April. In this blog, Fanos shares the market news and updates from the last week. 

The gas and power markets opened the week on a softer note on Tuesday, trading sideways amid robust supply and strong renewable generation. Norwegian flows...

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Weekly market update -UK Gas and Power: Bearish Trend with Short-Term Fluctuations

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 2^nd  April – 8^th April 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £64.33/MWh for the Summer-24 seasonal power price on 5^th April. In this blog, Fanos shares the market news and updates from the last week. 

The week began with a shift in focus to May and June contracts as April and Summer 2024 contracts expired, boosting liquidity in those months. Milder...

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Weekly market update -European Gas Prices Ease on Ample Supply, UK Power Contract Expires

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 26^th March – 28^th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £63.25/MWh for the Summer-24 seasonal power price on 26^th March. In this blog, Fanos shares the market news and updates from the last week. 

European gas prices retreated on Tuesday, buoyed by healthy supplies. Europe remains on track to exit winter with record-high storage levels for this...

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Weekly market update - Volatile Price Swings for UK Energy as Fundamentals Clash With Outages

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 19^th March – 25^th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £66.40/MWh for the Summer-24 seasonal power price on 19^th March. In this blog, Fanos shares the market news and updates from the last week. 

The UK gas system opened 3mcm undersupplied Tuesday morning as temperatures held steady day-on-day but gas burn for power generation increased amid low...

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Key Takeaways from our latest Generator Revenue Streams Webinar

In this blog, Alex Walmsley, Head of Pricing and panel speaker of our recent Generator Revenue Streams webinar covers the factors effecting generators ranging from wholesale price movements to renewable energy subsidies and support mechanisms.

1. Wholesale Price Movements:

UK Power prices have continued their decline over the past 6 months owing to a mild winter and strong gas storage stocks. Weaker structural demand has further helped prices remain soft.

The power and gas markets...

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Rising Non-Commodity Costs: Key Takeaways from latest webinar

In this blog, Mark Cox, Strategic Account Manager, host of our recent Non-Commodity Costs webinar, dissects the impending rise in non-commodity costs on your business energy bill and the knowledge to navigate this changing environment and make informed decisions about your energy strategy.

Non-commodity costs, a significant portion of your energy bill, are projected to rise in the coming years. Let's delve into the key factors driving this trend:

Policy Shifts and Subsidy Adjustments

The...

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Weekly market update - Norwegian Outages, LNG Competition Counter Bearish Signals in UK Energy

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 12^th March – 18^th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £66.42/MWh for the Summer-24 seasonal power price on 18^th March. In this blog, Fanos shares the market news and updates from the last week. 

Tuesday saw a less volatile trading session for gas. After an initial softer open, prices recovered small losses to close nearly flat. The UK gas system...

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Weekly market update - Volatile Swing in UK Gas & Power Markets Amid Shifting Fundamentals

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 5^th March – 11^th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £63.98/MWh for the Summer-24 seasonal power price on 5^th March. In this blog, Fanos shares the market news and updates from the last week. 

The TTF rally continued on Tuesday with news sources citing the announcement by US Producer EQT of their intended cut in production as the cause of the...

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Unlocking Revenue Potential in the Evolving CfD Landscape: Insights for AR6 and Beyond

In this blog, Leigh Brown, Senior Business Development Manager at SmartestEnergy, delves into the evolving landscape of Contracts for Difference (CfDs) as registrations open for the latest allocation round. He discusses the industry concerns and the importance of a reformed approach that prioritises the long-term benefits of growing the UK’s renewable energy landscape.

The Contracts for Difference (CfD) scheme plays a vital role in supporting the UK's transition to a low-carbon future by...

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Weekly market update - Bearish to Bullish Reversal for UK Gas and Power Markets

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 27^th February – 4^th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £62.12/MWh for the Summer-24 seasonal power price on 4^th March. In this blog, Fanos shares the market news and updates from the last week. 

Last week's bearish sentiment took a pause as the UK gas system opened undersupplied on Monday, with demand holding firm and supplies down day-on-day....

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