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Blog
Posted on: 09/01/2024
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...
Blog
Posted on: 20/12/2023
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...
Blog
Posted on: 18/12/2023
Combatting climate change with legendary polar explorer Robert Swan
As COP28 comes to an end and countries across the globe make commitments to combat climate change, we take a look back at how we engaged our employees around fight against climate change as we welcomed legendary polar explorer Robert Swan, OBE to our office for an exclusive session: 'Leadership on the Edge: Preserving the Antarctic by 2041'.
During this session, Robert shared with our employees his personal experiences and insights, which were nothing short of awe-inspiring, as the first...
Blog
Posted on: 12/12/2023
Weekly market update - The downward power price trend marks the lowest prices for the month
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 5th – 11th December 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £97.50 MWh for the Summer-24 seasonal power price on 11th December. In this blog, Fanos shares the market news and updates from the last week.
Last Tuesday the UK gas system opened well supplied, primarily noted in higher LNG sendout at 103.9mcm/d. Prompt gas prices in turn, softened, compounded by ...
Blog
Posted on: 05/12/2023
Weekly market update - Energy market price fluctuations due to seasonal trends
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 28th November – 4th December 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £99.38 MWh for the Summer-24 seasonal power price on 28th November. In this blog, Fanos shares the market news and updates from the last week.
Despite ongoing low temperatures, last Tuesday European gas prices reached a 7-week low due to sufficient gas flows from Norway and comfortable...
Blog
Posted on: 28/11/2023
Weekly market update - Strong supplies and storage levels offset upward pressure
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 21st – 27th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £102.74 MWh for the Summer-24 seasonal power price on 23rd November. In this blog, Fanos shares the market news and updates from the last week.
Early last week, amid high storage levels and strong Norwegian flows, we saw continental gas fall to a 6-week low. UK power followed the trend and was also ...
Blog
Posted on: 21/11/2023
Weekly market update - Energy market fluctuations due to unstable weather forecast
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 14th – 20th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £101.75 MWh for the Summer-24 seasonal power price on 14th November. In this blog, Fanos shares the market news and updates from the last week.
At the open last week Tuesday, the UK gas system experienced a shortfall as gas flows to the continent through IUK and BBL saw an increase. BBL resumed...
Blog
Posted on: 14/11/2023
Weekly market update - Lower renewable output and cooler weather add pressure to prices
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 7th – 13th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £103.75 MWh for the Summer-24 seasonal power price on 9th November. In this blog, Fanos shares the market news and updates from the last week.
Early last week, we saw a slight rebound in prices, but fundamentals remained bearish, with healthy gas storage levels and forecasted temperatures above...
Blog
Posted on: 07/11/2023
Weekly market update - Mild weather conditions lead to reduced demand projections
Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 31st October – 6th November 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £102.08MWh for the Summer-24 seasonal power price on 2nd November. In this blog, Fanos shares the market news and updates from the last week.
Earlier last week the UK gas market witnessed a 5% decline in prices, driven by factors such as mild weather, high gas storage and “oversupply”. In...
Blog
Posted on: 02/11/2023
What is the Network Charging Compensation Scheme, and what does it mean for EIIs?
Early this year, the government announced the British Industry Supercharger (BIS): a comprehensive set of measures aimed at encouraging competition between Britain and Europe's strategic Energy Intensive Industries (EIIs). In this blog, Amy Tyler, Industry Regulation Manager at SmartestEnergy, discusses the most recent updates following the government's latest consultation, which saw the launch of the Network Charging Compensation (NCC) Scheme.
The NCC Scheme is the final part of the BIS, a...
