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Posted on: 12/03/2024
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 5th March – 11th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £63.98/MWh for the Summer-24 seasonal power price on 5th March. In this blog, Fanos shares the market news and updates from the last week.
The TTF rally continued on Tuesday with news sources citing the announcement by US Producer EQT of their intended cut in production as the cause of the...
Posted on: 05/03/2024
In this blog, Leigh Brown, Senior Business Development Manager at SmartestEnergy, delves into the evolving landscape of Contracts for Difference (CfDs) as registrations open for the latest allocation round. He discusses the industry concerns and the importance of a reformed approach that prioritises the long-term benefits of growing the UK’s renewable energy landscape.
The Contracts for Difference (CfD) scheme plays a vital role in supporting the UK's transition to a low-carbon future by...
Posted on: 05/03/2024
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 27th February – 4th March 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £62.12/MWh for the Summer-24 seasonal power price on 4th March. In this blog, Fanos shares the market news and updates from the last week.
Last week's bearish sentiment took a pause as the UK gas system opened undersupplied on Monday, with demand holding firm and supplies down day-on-day....
Posted on: 27/02/2024
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 20th – 26th February 2024. On our end-of-day pricing tool, The Source, we published an in-week high of £56.82/MWh for the Summer-24 seasonal power price on 26th February. In this blog, Fanos shares the market news and updates from the last week.
European gas hit an over 8.5-month low last Tuesday as fundamentals pointed to a comfortable supply/demand outlook for the remainder of winter. UK power...
Posted on: 20/02/2024
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...
Posted on: 13/02/2024
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...
Posted on: 06/02/2024
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...
Posted on: 30/01/2024
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...
Posted on: 29/01/2024
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.
DE&I for me means feeling seen, being understood, knowing that you are listened to, and having the...
Posted on: 23/01/2024
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...