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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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Prime Minister Unveils New Net Zero Plans: A closer look at key announcements

On September 20th, the Prime Minister revealed the government's updated plans on climate change to achieve the Net Zero target. Here's an overview of the key announcements:

Revised Timeline for Petrol and Diesel Vehicle Ban:

The Prime Minister disclosed a delay in the ban on the sale of new petrol and diesel cars and vans, pushing it from 2030 to 2035. Energy UK expressed a different viewpoint, advocating for an earlier date of 2032. as well as expressing their support for an ambitious Zero...

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Utilising flexibility with our Optional Demand Response trial service

At SmartestEnergy, we are committed to supporting the energy system and continuously exploring innovative ways to help our customers extract value from their energy consumption. In this blog, Bozhidar Bozhkov, Head of Product for Digital Trading and VPP, discusses the success of our 'Optional Demand Response' (ODR) trial service, which allowed our customers to build flexibility into their operations, enabling them to optimise their energy usage and contribute to a more sustainable future.

Last ...

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International Equal Pay Day and the journey to Gender Pay Equality

Last week, on September 18th, we celebrated International Equal Pay Day, a day dedicated to raising awareness of the gender pay gap and advocating for wage equality amongst all. It is both a reminder of the work yet to be done, and a celebration of the progress made so far. In this blog, Claudia McIntosh, Diversity and Inclusion Manager at SmartestEnergy shares what we have learnt from our latest Gender Pay Gap Report and highlights the steps we are taking to achieve equal pay. 

At...

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Weekly Market Update - Norwegian outages and further supply risks drive prices up

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 19th September – 25th September 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £128.00/MWh for the Winter-23 seasonal power price on 20th September. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday, supply opened stable to the previous day, with the expectation that Norwegian flows from Troll would resume. However, flows...

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Insights from the Generator Revenue Streams Webinar: Market Trends and Future Prospects

Following on from our popular Generator Revenue Streams webinar last week, James Clark, Business Development Manager, and our webinar host, takes a look at the key headlines of the webinar and discusses AR5 CfD results.

Wholesale power price movements

Power prices over the last six months have been on a downward trend with high volatility. Bearish supply signals have occurred due to the healthy European gas storage during the summer, avoiding the typical risk premia associated with the...

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Weekly Market Update - Disruption at Australian LNG facilities and cancellation of Freeport LNG cargoes dominate news

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 12th September – 18th September 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £115.31/MWh for the Winter-23 seasonal power price on 13th September. In this blog, Fanos shares the market news and updates from the last week.

Early last week, European gas prices fell on the back of outages ending at the Troll gas field in Norway and high gas storage, which offset the ...

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Weekly Market Update - European gas markets still experience fluctuations due to the Chevron Australia LNG strike

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 5^th September – 11^th September 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £116.38/MWh for the Winter-23 seasonal power price on 5^th September. In this blog, Fanos shares the market news and updates from the last week.

On 5^th September European gas prices remained stable as mediation talks, facilitated by the Fair Work Commission, continued while Chevron's...

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Non-Commodity Costs Webinar – Key headlines and updates

Following on from our popular Non-Commodity Costs webinar last month, Mark Cox, Strategic Account Manager and our webinar host, looks at the key headlines of the webinar and the predictions and impacts of any changes in the industry.

Renewable Obligation - projections are on the up!

The Renewables Obligation mandates that electricity suppliers in the UK source a specific amount of their supply from renewable generation.

The RO forecast is showing an upward trajectory. The RO forecast for...

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Celebrating World Electric Vehicle (EV) Day: A Greener Future on Wheels

World Electric Vehicle (EV) Day, celebrated on September 9^th, recognises and celebrates the significant strides made in the transition to EVs. As the world pivots towards sustainable transportation solutions, the United Kingdom has been a notable participant in the EV revolution. In this blog post, we'll delve into some of the top electric vehicle statistics in the UK, highlighting its growing commitment to a greener, more environmentally friendly future.

Explosive Growth in EV Sales

In...

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