Blog

Weekly market update - High storage levels, strong wind and reduced demand keep prices low

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 13th – 19th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £58.40/MWh for the Summer-24 seasonal power price on 13th February. In this blog, Fanos shares the market news and updates from the last week.  

As prices continued to decline last week, European LNG fell to an 8-month low on Tuesday, tracking European gas as storage remains at a record high for...

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Weekly market update - Prices continue to decline amid strong renewable output and stable supplies

Sales Trader, Yulia Zhizhaeva, reports on energy market activity, covering the period 6th – 12th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £66.81/MWh for the Summer-24 seasonal power price on 6th February. In this blog, Yulia shares the market news and updates from the last week. 

Following a period of low prices, European gas had a small rebound last Tuesday when an unplanned outage at the Norwegian Nyhamna gas processing plant outage was...

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Weekly market update - Week ahead outlook indicates colder temperatures and higher gas demands

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 30th January – 5th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £67.43/MWh for the Summer-24 seasonal power price on 2nd February. In this blog, Fanos shares the market news and updates from the last week. 

The UK gas system opened short last Tuesday morning. Overall bearish sentiment in the market was slightly offset by geopolitical tensions affecting...

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Weekly market update - Prices remain low amid high storage levels and strong renewable output

Sales Trader, Jean-Philippe Marty, reports on energy market activity, covering the period 23rd – 29th January 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £65.75/MWh for the Summer-24 seasonal power price on 24th January. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday, the UK gas system opened long, with prices expected to rise amid higher Norwegian flows and LNG send-out. European gas also opened higher but failed...

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SmartestEnergy's Journey Towards Diversity, Equity and Inclusion: Our Progress So Far and What's Next

SmartestEnergy is on a mission to better understand our strengths and weaknesses when it comes to diversity, equity and inclusion (DE&I) in the workplace. In this blog, we asked Claudia McIntosh, D&I Manager, to share her thoughts on our current progress as an organisation and the steps we are taking to continue moving forwards in the right direction.

What does DE&I mean to you?

DE&I for me means feeling seen, being understood, knowing that you are listened to, and having the...

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Weekly market update - The well-stocked market outweighs Suez Canal supply disruptions as prices continue to decline

Early last week, UK and European gas fell to a 5-month low, alongside the declining LNG northwest Europe benchmark price, pressured by weak natural gas fundamentals and a well-stocked market, outweighing any Red Sea supply disruption concerns due to the current Suez Canal diversions. The UK power curve was also under pressure, with Winter-24 the most liquid contract, trading a total of 155MW.

On Wednesday, we saw a further decline in the market amid strong supply and weakening demand as...

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Our Global CEO Outlook for 2024

In 2023, the energy industry continued to face unprecedented challenges, following on from a global energy crisis and amid ongoing geopolitical tensions. However, SmartestEnergy has remained steadfast in our commitment to providing renewable energy solutions and support for our customers.

As we step into the new year, there’s no better way to outline our vision for the future than through the words of our global CEOs and their view of how we are looking to support our different markets on...

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Weekly market update - Increasing gas capacity enabled an all-time high in December delivery since 2017

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 9th – 15th January 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £ 72.05 MWh for the Summer-24 seasonal power price on 9th January. In this blog, Fanos shares the market news and updates from the last week. 

Last week, European gas prices came off amid abundant supply as gas flow from Russia at Velke Kapusany was up 40GWh/d and expected return of milder and windier ...

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Weekly Market Update - Starting the new year with cold temperatures and low renewable generation

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 2nd – 8th January 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £ 94.50 MWh for the Summer-24 seasonal power price on 3rd January. In this blog, Fanos shares the market news and updates from the last week.

The New Year started bearish, with near-term gas prices reaching a new low as the incoming cold spell was expected to be shorter than anticipated and demand was...

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COP28: Addressing climate challenges and global commitments

Earlier this month, leaders, policymakers, and stakeholders from around the world came together for the 28th Conference of the Parties (COP28) to discuss the critical fight against climate change. In this blog, Robert Groves, CEO of SmartestEnergy Limited, shares his thoughts on the outcomes of COP28 and what they mean for the future of our planet.

As we approached COP28, this year marked the halfway point, with seven years since the signing of the Paris Agreement in 2015 and another seven...

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