WhoshouldIsee Tracks

ENERGY MARKET

INSIGHTS

Monthly updates on energy market trends and factors influencing energy prices.

February 3, 2025
UK gas and power prices in January were influenced by a myriad of factors including: fluctuating temperatures, increased uncertainty over global geopolitical tensions, and renewable generation.
January 2, 2025
UK gas and power prices in December were influenced by a myriad of factors including: fluctuating temperatures, increased uncertainty over global geopolitical tensions, and renewable generation.
December 3, 2024
November saw UK gas and power markets experience volatility, which was driven by colder temperatures, lower wind output, and robust gas storage levels, which remained above 90% for the majority of the month.
November 1, 2024
UK NBP gas and power contract prices remained volatile due to fluctuating gas demand and ongoing geopolitical tensions.
October 4, 2024
September saw volatility in the UK energy markets, driven by Norwegian gas supply disruptions due to maintenance, cooler-than-expected weather, and rising geopolitical tensions. Early in the month, gas prices spiked as key Norwegian facilities underwent maintenance works, though supplies gradually recovered as the month progressed. Cooler weather conditions increased gas demand for heating, while strong wind generation helped offset some of this pressure.
September 9, 2024
August has been a month of bullishness across the curve on both gas and power prices. Despite preparations for the winter period on schedule and looking healthy come October, markets have edged higher overall. Wider supply concerns coming from the wars in Ukraine and the Middle East have been a focus throughout August, as fighting close to a key supply area (Sudzha), where Russian gas flows still enter Europe via Ukraine.
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