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Weekly Market Update: European gas prices fall on weak demand and high storage while uncertainty around Australian LNG Strikes continues

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 29th August – 4th September 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £132.92/MWh for the Winter-23 seasonal power price on 1st September. In this blog, Fanos shares the market news and updates from the last week.

At the beginning of the week European gas prices started to ease, despite the continued risk of Australian LNG workers industrial action plans. Total ...

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Weekly Market Update - European natural gas prices surge amidst Australian LNG strike threat

Sales Trader, Jean-Philippe Marty, reports on energy market activity, covering the period 22nd – 25th August 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £ 136.43/MWh for the Winter-23 seasonal power price on 22nd August. In this blog, Jean-Philippe shares the market news and updates from the last week.

European natural gas prices surged once more, reaching a two-month peak on Wednesday as a result of the potential strike action at an Australian LNG...

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Weekly Market Update - Ongoing Australian industrial action continues to impact prices

Sales Trader, Yulia Zhizhaeva, reports on energy market activity, covering the period 15th – 21st August 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £144.00/MWh for the Winter-23 seasonal power price on 18th August. In this blog, Yulia shares the market news and updates from the last week.

Early last week, we saw gas prices rise as the probability of Australian LNG strikes increased, with little progress made to resolve the situation. September-23 contracts ...

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Weekly Market Update - Potential Australian strikes raise gas prices

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 8th – 14th August 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £121.66/MWh for the Winter-23 seasonal power price on 9th August. In this blog, Fanos shares the market news and updates from the last week.

At the start of the week, the markets opened bearish, as analysts cited record high gas inventories across Europe, with stocks equating to 31% above the 10-year...

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The silver lining to the UK’s miserable summer weather

In this blog, we discuss the weather this summer, from heatwaves to miserable rainy days, and what this has meant for renewable generation this year.

At the beginning of summer, the UK experienced its hottest June on record, and with clear sunny skies and longer summer days, solar generation was high, balancing demand. However, since then, the UK has experienced a stretch of typical English weather throughout July, with overcast skies, breezy days and rainfall, and, with the lack of sunlight,...

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Weekly market update - Recent Developments in the UK Gas Market: Shortages, Disruptions, and Trading Trends

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 1st – 7th August 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £116.58/MWh for the Winter-23 seasonal power price on 3rd August. In this blog, Fanos shares the market news and updates from the last week.

On the morning of 1st August, there was a shortage in the UK gas system. The flow of gas from Norway was reduced due to maintenance activities at Kollsnes to Troll ...

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CfD reform - Strike prices continue to go down

In this blog, Leigh Brown, Senior Business Development Manager at SmartestEnergy, discusses the current Contracts for Difference (CfD) concerns facing the industry and shares the importance of reform to recognise broader non-price benefits.

RenewableUK, Energy UK, and Scottish Renewables have teamed up to write a letter urging the UK Government to restore the yearly clean power auctions. In the joint communication, these trade bodies have proposed several suggestions aimed at reducing energy...

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Weekly Market Update - Gas prices reach three week high before retreating once again

Sales Trader, Yulia Zhizhaeva, reports on energy market activity, covering the period 25th – 31st July 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £ 123.25/MWh for the Winter-23 seasonal power price on 25th July. In this blog, Yulia shares the market news and updates from the last week.

Following a period of low prices, European gas recovered last Tuesday, reaching a 2-week high on the back of concerns of further Norwegian outages and declining LNG...

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Weekly Market Update - Healthy stock levels combat low renewable generation

Sales Trader, Jean-Philippe Marty, reports on energy market activity, covering the period 18th – 24th July 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £ 135.50/MWh for the Winter-23 seasonal power price on 18th July. In this blog, Fanos shares the market news and updates from the last week.

Early last week, gas and power prices increased following planned and unplanned outages at Norwegian gas facilities, lower renewable generation output, and higher...

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Celebrating Disability & Neurodiversity in the workplace #disabilitypridemonth

In this blog, Claudia McIntosh, Diversity and Inclusion Manager, highlights the importance of celebrating Disability Pride as an organisation. By prioritising inclusion and diversity in our decision-making processes and engaging our employees, we are taking steps to recognise neurodiversity and disability in the workplace and create an open and inclusive culture for all. 

July marks Disability pride month – a time to take pride in our identities, celebrate our communities, and reflect on the...

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