Blog

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 19th March – 25th 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 19th 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 12th March – 18th 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 18th 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 5th March – 11th 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 5th 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 27th February – 4th 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 4th 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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Weekly market update - Bearish Signals Persist Across UK Gas and Power Markets

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 20th – 26th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £56.82/MWh for the Summer-24 seasonal power price on 26th February. In this blog, Fanos shares the market news and updates from the last week. 

European gas hit an over 8.5-month low last Tuesday as fundamentals pointed to a comfortable supply/demand outlook for the remainder of winter. UK power...

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Weekly market update - High storage levels, strong wind and reduced demand keep prices low

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 13th – 19th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £58.40/MWh for the Summer-24 seasonal power price on 13th February. In this blog, Fanos shares the market news and updates from the last week.  

As prices continued to decline last week, European LNG fell to an 8-month low on Tuesday, tracking European gas as storage remains at a record high for...

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Weekly market update - Prices continue to decline amid strong renewable output and stable supplies

Sales Trader, Yulia Zhizhaeva, reports on energy market activity, covering the period 6th – 12th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £66.81/MWh for the Summer-24 seasonal power price on 6th February. In this blog, Yulia shares the market news and updates from the last week. 

Following a period of low prices, European gas had a small rebound last Tuesday when an unplanned outage at the Norwegian Nyhamna gas processing plant outage was...

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