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Weekly Market Update - Power prices reach a month high of £146/MWh

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 13th – 20^th June 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £146.18/MWh for the Winter-23 seasonal power price on 15th June. In this blog, Fanos shares the market news and updates from the last week. 

Last Tuesday, news of an outage extension at the Norwegian gas processing plant Nyhamna saw prices rally and impacted export capability from the Ormen Lange and...

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Weekly Market Update - European gas surges by 20% to a three week high

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 6th June - 12th June 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £126.06/MWh for the Winter-23 seasonal power price on 12th June. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday’s market trend was short-lived, with low trading volumes for gas and power indicating a slight uptick and closing out risks. However, the...

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Weekly Market Update - Power and gas prices remain low amid high storage and soft demand

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 30th May – 6th June 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £ 120.38/MWh for the Winter-23 seasonal power price on 31st May. In this blog, Fanos shares the market news and updates from the last week. 

Trades on the UK power market started slow last Tuesday, with the first trade for Winter-23 only registering at midday, and thereafter the rest of the front...

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Weekly market update - European gas prices dropped to a near 2-year low

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 23rd May – 26th May 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £136.36/MWh for the Winter-23 seasonal power price on 23rd May. In this blog, Fanos shares the market news and updates from the last week.

Last Tuesday, the front month was trading at the lowest price since June 2021, the Day ahead contract registered a small gain. Despite European gas inventories...

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Brand Launch: What our Brand Ambassadors Have to Say About the Change

In the lead up to the brand launch, I’ve worked closely with the wider marketing team to select and engage with Brand Ambassadors following an initial employee ‘brand reveal’ session we held at the end of 2022 to introduce the new brand concept. Since then, Brand Ambassadors across our Group Companies have supported us with the rebrand project and have been championing the change. They’ve also been great at providing us with feedback that’s enhanced the project as a whole. So, to wrap up our...

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Weekly Market Update - Gas and power prices fall amid strong supply levels and low demand

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 16th May – 23rd May 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £142.00/MWh for the Winter-23 seasonal power price on 17th May. In this blog, Fanos shares the market news and updates from the last week. 

Last week, front-month TTF gas prices fell to a new 2-year low amid strong supply levels and seasonally expected low demand. Winter-23 UK Baseload power...

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Weekly Market Update - European gas prices sharply drop to almost a two year low

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 9th May – 16th May 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £151.75/MWh for the Winter-23 seasonal power price on 10th May. In this blog, Fanos shares the market news and updates from the last week. 

Last week higher demand for gas was expected amid low wind output. However, warmer weather promptly reversed the demand increase. UK gas system was short with...

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Brand Launch: Our Vision for the Future

Our ‘Brand Launch’ series gives us the chance to present our vision for the future, being cognisant of our global brand working at local levels, in markets where the transition to net zero is not only at different stages, but also moving at different paces.  

In my mind, there’s no better way to outline our vision for the future than through words of our CEOs. So, I’ve gathered their thoughts for you, to give view of how we’ll be looking to support our different markets on their journey, while...

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Weekly Market Update - Gas and power prices soften as temperatures rise

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 25th April – 2^nd May 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £153.75/MWh for the Winter-23 seasonal power price on 28th April. In this blog, Fanos shares the market news and updates from the last week.

Despite the cold weather supporting demand, front-month TTF gas continued to decline, closing below €40/MWh early last week. The UK power curve followed the...

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Weekly market update - Recent cool temperatures increase pressure as the UK moves into heating load territory

Head of Sales Trading, Fanos Shiamishis, reports on energy market activity, covering the period 18th April – 25th April 2023. On our end-of-day pricing tool, The Source, we published an in-week high of £157.75/MWh for the Winter-23 seasonal power price on 18th April. In this blog, Fanos shares the market news and updates from the last week.    

Early last week, both UK power and gas markets followed a sideways trend as supply balanced out demand. Prices were expected to increase due to cooler...

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