Blog

UK Power System prepares to take action to help meet UK demand

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 17th – 24th January 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £164.50/MWh for the Summer-23 seasonal power price on 20th January, reducing to £159.74/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Last week we saw Norwegian and continental European gas flows reduce, as well as a decrease in gas demand for power...

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Blog

EU energy regulators failed to produce their first LNG assessment

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 10th – 17th January 2023. On our end of day pricing tool, the Source, we published an in week high of £167.83/MWh for the Summer-23 seasonal power price on 10th January reducing to £144.24/MWh yesterday. In this blog Fanos shares the market news and updates from the last week. 

Last week, we saw European gas dip further on persisting mild weather and ample supply. The German storage lobby,...

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Blog

Higher heating demand and low LNG send out raise prompt gas prices

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 3rd – 10th January 2023. On our end of day pricing tool, the Source, we published an in week high of £188.50/MWh for the Summer-23 seasonal power price on 3rd January reducing to £187/MWh yesterday. In this blog Fanos shares the market news and updates from the last week.    

Last week, despite the UK gas system opening short, demand remained low and domestic supplies high.  The significant draw...

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Blog

EU prices ease with milder temperatures and higher wind output

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 13th December – 20th December 2022. On our end of day pricing tool, the Source, we published an in week high of £301/MWh for the Summer-23 seasonal power price on 13th December reducing to £249.97 yesterday. In this blog, Fanos shares the market news and updates from the last week. 

Despite temperatures below freezing for the UK last week, warmer temperatures and high wind forecasts saw prices...

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Blog

Coal plants on standby as UK experiences a snap of freezing temperatures

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 6th - 13th December 2022. On our end of day pricing tool, the Source, we published an in week high of £323.50/MWh for the Summer-23 seasonal power price on 7th December with the price decreasing to £301.34/MWh yesterday. In this blog Fanos shares the market news and updates from the last week.     

Last week, UK and European gas traded within a tight range as colder weather expectations were...

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Blog

High gas storage levels as Europe prepares for colder temperatures

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 29th November - 6th December 2022. On our end of day pricing tool, the Source, we published an in week high of £319.83/MWh for the Summer-23 seasonal power price on 2nd December. In this blog Fanos shares the market news and updates from the last week. 

Last week, Norwegian gas flow to the UK was stable and the UK’s supply improved however, latest forecasts showed December’s demand looking a lot...

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Blog

EU oil and gas price cap negotiations continue as UK awaits cold snap

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 22nd - 29th November 2022. On our end of day pricing tool, the Source, we published an in week high of £290.88/MWh for the Summer-23 seasonal power price on 22nd November with the price decreasing to £268.69/MWh yesterday. In this blog Fanos shares the market news and updates from the last week. 

Last week European and UK gas prices rose as we expected colder weather. The EU Commission executive ...

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Championing women in the IT sector

Typically, the IT industry and other STEM (Science, Technology, Engineering and Maths) roles have been dominated by men for years. As we strive for greater diversity and inclusion within the sector, young women have a key role to play. In this blog, Claire Talbot, VP of IT at SmartestEnergy Limited, discusses why she believes there are fewer women in the industry and how we can encourage the new generation of women to pursue careers in IT.  

With over 30 years of experience in the IT industry, ...

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Blog

Demand outlook continues to increase as temperature starts to bite

Head of Sales Trading, Fanos Shiamishis reports on the energy market activity, covering the period 15th – 22nd November 2022. On our end of day pricing tool, the Source, we published an in week high of £290.50/MWh for the Summer-23 seasonal power price yesterday. In this blog Fanos shares the market news and updates from the last week. 

The UK gas system was short last Tuesday due to lower LNG supplies from South Hook and the Isle of Grain. Lower Norwegian flows also contributed to short...

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Blog

Electricity Generator Levy

Head of Smart Generation Sales, Angus Widdowson shares a summary of the Electricity Generator Levy, published in the Autumn Statement 2022 on the 17th November.

In last week’s Autumn Statement, the UK Government introduced the Electricity Generator Levy to recoup funds from renewable generators who are currently benefitting from the returns of extraordinary high wholesale prices.

In the Government’s Electricity Generator Levy Technical Note, they set out the following:

  • A temporary 45% tax will ...

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