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Blog
Posted on: 28/11/2023
Weekly market update - Strong supplies and storage levels offset upward pressure
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 21st – 27th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £102.74 MWh for the Summer-24 seasonal power price on 23rd November. In this blog, Fanos shares the market news and updates from the last week.
Early last week, amid high storage levels and strong Norwegian flows, we saw continental gas fall to a 6-week low. UK power followed the trend and was also ...
Blog
Posted on: 21/11/2023
Weekly market update - Energy market fluctuations due to unstable weather forecast
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 14th – 20th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £101.75 MWh for the Summer-24 seasonal power price on 14th November. In this blog, Fanos shares the market news and updates from the last week.
At the open last week Tuesday, the UK gas system experienced a shortfall as gas flows to the continent through IUK and BBL saw an increase. BBL resumed...
Blog
Posted on: 14/11/2023
Weekly market update - Lower renewable output and cooler weather add pressure to prices
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 7th – 13th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £103.75 MWh for the Summer-24 seasonal power price on 9th November. In this blog, Fanos shares the market news and updates from the last week.
Early last week, we saw a slight rebound in prices, but fundamentals remained bearish, with healthy gas storage levels and forecasted temperatures above...
Blog
Posted on: 07/11/2023
Weekly market update - Mild weather conditions lead to reduced demand projections
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 31st October – 6th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £102.08MWh for the Summer-24 seasonal power price on 2nd November. In this blog, Fanos shares the market news and updates from the last week.
Earlier last week the UK gas market witnessed a 5% decline in prices, driven by factors such as mild weather, high gas storage and “oversupply”. In...
Blog
Posted on: 02/11/2023
What is the Network Charging Compensation Scheme, and what does it mean for EIIs?
Early this year, the government announced the British Industry Supercharger (BIS): a comprehensive set of measures aimed at encouraging competition between Britain and Europe's strategic Energy Intensive Industries (EIIs). In this blog, Amy Tyler, Industry Regulation Manager at SmartestEnergy, discusses the most recent updates following the government's latest consultation, which saw the launch of the Network Charging Compensation (NCC) Scheme.
The NCC Scheme is the final part of the BIS, a...
Blog
Posted on: 31/10/2023
Weekly market update - An overall uneventful week as temperatures continue to cool
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 24th – 31st October 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £124/MWh for the Summer-24 seasonal power price on 27th October. In this blog, Fanos shares the market news and updates from the last week.
Early last week, UK power and gas in the near term opened relatively well supplied, offseting the increase in demand due to cooler temperatures into November. ...
Blog
Posted on: 31/10/2023
SmartestEnergy celebrates Black History Month
In celebration of Black History Month, Claudia McIntosh, Diversity & Inclusion Manager at SmartestEnergy, shares some inspirational figures in black history and how SmartestEnergy used Black History Month to educate and celebrate the contribution of black heritage and culture.
October marks Black History Month which was first celebrated in America in the 1920s. The first Black History Month in the UK was celebrated in 1987 and was arranged by Akyaaba Addai-Sebo, a journalist and...
Blog
Posted on: 24/10/2023
Weekly market update - Geopolitical risks unsettle markets
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 17th October – 23rd October 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £119.77/MWh for the Summer-24 seasonal power price on 23rd October. In this blog, Fanos shares the market news and updates from the last week.
Last Tuesday the UK gas system faced a 23mcm supply shortage, which led to increased reliance on LNG and storage withdrawals. European gas prices...
Blog
Posted on: 17/10/2023
Weekly Market Update - Continuing conflict in the Middle East and threats of LNG strikes raise power prices
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 10th - 17th October 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £132.00/MWh for the Summer-24 seasonal power price on 10th October. In this blog, Fanos shares the market news and updates from the last week.
Early last week, the energy complex rallied strongly as the conflict in the Middle East continued, Australian LNG workers strike risks renewed, and ongoing...
Blog
Posted on: 10/10/2023
Weekly Market Update - European gas supply hit a record high going into winter 2023-24
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 3rd October – 9th October 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £109.75/MWh for the Winter-25 seasonal power price on 9th October. In this blog, Fanos shares the market news and updates from the last week.
Last Tuesday started with a decline in gas prices, however, there were no fundamental drivers as the gas system opened the day marginally short....
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