Blog

A record breaking day for the global commodities markets

On Monday 13th September, we saw new records across the global commodities markets. Jean-Philippe Marty, Sales Trader, talks us through the volatile market activity seen across the gas and power markets yesterday.

Yesterday was a day of records! Here's a snapshot of the volatility we saw across the global gas and power markets.

As supply outlook remains weak, the main EU gas hub, TTF (Title Transfer Facility) for Winter-21 reached an all time high of €61.595/MWh. Meanwhile the front month TTF...

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Maximum Day Ahead N2EX prices peak at the highest level since mid-January

Head of Sales Trading, Fanos Shiamishis, comments on the widening between base and peak power prices and the continued volatility with gas as news on Nord Stream 2 on integral gas pipelines pushes prices higher. Meanwhile, Spot Power Trading Analyst, William Lake, explains the system price movements observed in August as the within-day-system went short leading to expensive units to make up for deficits. William also reveals that maximum day ahead N2EX prices peaked to the highest level since...

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UK REGO demand has doubled in the last 4 years

Last week we held our Non-Commodity Costs and Generator Revenue Streams webinars, which included for the first time, a comprehensive look at Renewable Energy Guarantee of Origin (REGO) prices. Head of Pricing, Tom Putney, recaps on the key price forecasts we shared in the webinars and takes a deep-dive into REGO price history.

As the demand for renewable power has risen significantly as corporates focus on climate targets, the UK electricity market has become more saturated with new and...

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Corporate PPAs: The answer to achieving decarbonisation goals and evidencing additionally

During the COVID-19 pandemic, a number of businesses have accelerated their journey to net-zero and one-fifth of the world’s largest organisations have now set net-zero targets. Vice President of Sales & Marketing, James Graham, shares his thoughts on why there’s been an acceleration in net-zero goal setting among large businesses and how Corporate PPAs can help to achieve their long-term decarbonisation goals, providing ‘additionality’ (additional renewable generation capacity) to the grid ...

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IPCC Report: Top three takeaways and how we should respond, by CEO Robert Groves

The Intergovernmental Panel on Climate Change (IPCC) released its report ‘Climate Change 2021: Physical Science Basis’ outlining the most recent update on the climate system and climate change. Chief Executive Officer, Robert Groves, shares his key takeaways from the report, highlighting the leading role of the energy sector in the journey to net-zero and what’s needed to address the climate emergency.

Last week’s IPCC report provided an eye-opening view of the current climate change landscape...

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Supporting independent renewable generators with versatile online trading products as the climate emergency accelerates

Last month we hosted a seminar event centred around net-zero where we gathered insights and perspectives from industry experts and customers. In this blog Senior Originator, Jack Rankin reflects on the discussions from a breakout session he led on the day, covering: the requirement for new-build renewable generation assets; supporting these projects with an online trading tool to lock-in wholesale prices up to five years ahead; and the role technology plays in enabling generators to execute...

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Global demand for gas drives price increases in July

Head of Sales Trading, Fanos Shiamishis, comments on the lack of European gas supply as global demand increases, resulting in a significant risk premium for the coming months. Meanwhile, Spot Power Trading AnalystWilliam Lake, explains the system price movements observed in July as the within-day-system went short for a sustained period leading up to an eventual price high. William wraps up with a view of volatility in the gas market, which impacted day ahead prices throughout the month. 

A...

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20 net-zero facts to celebrate 20 years of SmartestEnergy

This year marks SmartestEnergy’s 20th anniversary and our commitment to the transition to net-zero has only grown stronger. As proud business sponsors of ‘Net Zero Week’, we’ve joined forces with industry partners and government officials for the UK’s first net-zero awareness week (17-23 July). As a next generation energy company, we are playing an active role in educating businesses, consumers and the wider public to achieve ambitious net-zero targets by 2050To kick-off our activities for...

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Wholesale prices spike to over £90/MWh and unusual colder weather for June cause price volatility in short–term energy markets

Head of Sales Trading, Fanos Shiamishis comments on record-high energy prices for the forward markets in three years, as the Winter-21 Baseload price hit £97.14 on Friday 2nd July - we last saw forward market prices this high back in September 2018, when the price was £88/MWh. Meanwhile, Head of Spot Dispatch Trading, Simon Kneale explains the volatile movements in system prices throughout June that lead National Grid to take an expensive back-up of Short Term Operating Reserve (STOR)...

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Could pumped hydro storage be the silver bullet to net-zero?

Head of Smart Generation Sales, Angus Widdowson discusses the role of energy storage in the UK’s transition to net-zero and reveals some exclusive statistics from our new State of the Market Report, launching this September. 

On the approach to COP26 which takes place in November this year, net-zero has never been more topical. Prime Minister Boris Johnson has committed to legislate a new target to cut national emissions by 78% by 2035. This is a significant increase from the UK’s original...

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