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French strikes and issues with nuclear sites increase power prices

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 7th – 14th March 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £158.00/MWh for the Summer-23 seasonal power price on 10th March, reducing to £136.20/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.   

Last week, National Grid ESO warmed several coal-fired units in anticipation of a significant increase in demand on the...

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Gas storage levels hit above a ten-year average of 39%

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 28^th February – 7th March 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £130.75/MWh for the Summer-23 seasonal power price on 1st March, reducing to £120.01/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week. 

Last week, prices continued to reduce with the UK System opening 30mcm long on Tuesday morning.  The latest gas...

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Generator update: Key headlines and regulatory updates

Last week James Clark, Business Development Manager, and Alex Walmsley, Head of Pricing, hosted our popular Generator Revenue Streams webinar. They discussed key headlines and regulatory updates, including an update on solar and wind capture prices; Contracts for Difference Allocation Round 5; and the Electricity Generator Levy. In this blog, James Clark considers the impacts of the latest regulation on independent generators, as well as the opportunities these changes create.  

The Evolution...

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Prices reduce amid strong supply and warm forecasts into the week

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 21st – 28th February 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £136.57/MWh for the Summer-23 seasonal power price on 24th February, reducing to £131.32/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Early last week, we saw minimal changes to the supply and demand outlook for the near term, as temperature and wind...

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Colder forecasts and reduced wind raise power prices

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 14th – 21st February 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £143.20/MWh for the Summer-23 seasonal power price on 15th February, reducing to £128.62/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday, temperatures were expected to hit their lowest, but a longer-term weather outlook indicated a colder...

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Prices decrease amid milder weather forecasts and increased Norwegian gas flow

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 7th – 14th February 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £147.76/MWh for the Summer-23 seasonal power price on 7th February, reducing to £140.25/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday, latest temperature forecasts reverted to above seasonal average with a 4^oC temperature rise across the...

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High LNG send out combats pressure from low Norwegian flows and cold weather forecasts

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 31st January – 6th February 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £162.76/MWh for the Summer-23 seasonal power price on 2nd February, reducing to £153.76/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Gas prices were up at the start of last week, with unplanned outages at the Norwegian Kollnes gas plant and...

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Gas prices decline around 20% week on week

Head of Sales Trading, Fanos Shiamishis, reports on the energy market activity, covering the period 24th – 31st January 2023. On our end-of-day pricing tool, the Source, we published an in-week high of £147.15/MWh for the Summer-23 seasonal power price on 24th January, reducing to £143/MWh yesterday. In this blog, Fanos shares the market news and updates from the last week.

Last week, gas prices declined and traded in a smaller range. Both NBP and TTF were down amid higher wind output and...

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Spotlight on the UK’s Renewable Independent Market

To mark the launch of our new whitepaper, ‘Spotlight on the UK’s renewable independent market’, our Head of Generation Sales, Angus Widdowson, shares his views on the growth of the sector over the last year. 

Our long-term customers and stakeholders may be familiar with our annual analysis of the independent generation market, where we track the growth year on year against the UK’s net zero targets. We analyse the growth using data from BEIS Renewable Energy Planning Database and this year we...

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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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