Current and future energy market trends
Our team of experts, analysts and data specialists offer insights, news, trends and thoughts on the current and future energy market.
The ever-changing energy industry saw another week of volatility as governments across Europe looked to protect their consumers and economies from large scale increases in prices going to winter.
Energy markets continued their volatile nature last week as the market saw a mass sell off through pricing curves. This began with the UK market selling off after the long bank holiday weekend, dropping 180p/therm on front month NBP contracts.
Last week saw continued high prices as there appears to be no stopping the bulls in the current climate. Prices along the curves and across the energy spectrum saw gains as risk continues to be priced into energy contracts.
Last week saw volatility as the markets remained nervous amid a poor outlook for winter supply. Gazprom announced that flows via Nord Stream 1 were going to be cut further, down to 20% of it’s capacity.
Last week saw the continuation of volatility as Nord Stream 1 maintenance came to an end. The market spent the first few days of the week anticipating the outcome of the 10-day Nord Stream 1 annual maintenance.
The energy markets continued their volatility last week with change to the shape of pricing curves. Front month Aug-22 contracts sold off on Friday afternoon as the risk premium was shed as it gets closer to delivery.
Last week saw the market become increasingly nervous as the political tensions over gas supply to Europe ramped up. Liquidity remains incredibly poor as traders remained nervous of being caught the wrong side of news.
Last week saw volatility dominate the energy markets as nervousness persists. Winter-22 and Summer-23 markets remain bullish as supply issues worsen and there is little in the way of bearish factors to mitigate supply interruptions.
Volatility returned last week with big news headlines rocking the energy markets. Monday saw pricing drop as the Bacton interconnector opened back up and exports of gas continued.
The long jubilee bank holiday meant the market moves across the week were small and liquidity remained very low. Front month gas saw moves down of 11.77p/therm whilst the back-end Summer 23 contracts rose 7.85p/therm.
Last week saw large trading ranges on gas, carbon and oil as the markets continued their volatility. The NBP finished the week up across the curve as strength on Friday afternoon helped gas to recover some value that was lost in the previous week.
The markets continued their volatile, headline driven moves as all eyes remained on Friday’s European payments for Russian gas deliveries. Nervousness around the market caused June-22 gas and power contracts to rise to around the...
Last week showed much volatility over the markets in general before settling lower late on Friday afternoon. Continued volatility remained as Russian threats to cut off supply via the Yamal pipeline may negatively impact many European nations.
The week began with volatility over the market before generally settling lower over summer months. Commodity markets continue to be driven by headlines amid low liquidity. Extended lockdowns in major Chinese cities have helped to reduce demand.
The week began with the front end of the gas and power curves disassociating with further dated contracts, seeing the front month to front season spread widen. The front of the gas curve came under pressure from warmer temperatures.
Last week saw weakness at the front of the curve for gas and power markets with strength at the backend. The market viewed last week with the uncovering of supposed Russian war crimes.
Last week saw more choppy trading in gas and power markets. The market struggled last week to decide whether or not to believe the progress made in peace talks between Ukraine and Russia.
Last week saw energy prices move in tumultuous fashion, something that’s becoming all too familiar for market participants and spectators alike. Despite this, gas began the week timidly, generally easing lower.
Last week saw gas markets fall further amidst little in the way of extremely bullish news flow from the Russian invasion of Ukraine. This helped markets to fall back towards more fundamental views with gas storage looking healthier.
Last week saw prices return to some sense of recent normality after a blockbuster move higher on Monday saw front month gas hit 800p/therm (c. 27p/kWh) by 8am.
Last week saw gas, power and oil swing violently from Thursday morning after news broke that Russia launched an attack on Ukraine. Mar 22 NBP hit a high print of 285p/therm that morning as the market digested the reality of Russia declaring war.
Last week saw gas markets open strong, with front month pushing above 200p/therm, on Ukrainian-Russian tensions bubbling higher with US reports of an expected invasion by midweek published over the prior weekend.
Last week saw gas, power and carbon all lose value, with losses consistent for gas and power whereas a big midweek drop for EUAs dragged the commodity down despite stable, modest gains at the start of the week.
Early last week brought sell offs for gas markets with front month NBP giving back close to 40p/therm by Tuesday’s settlement. Weakness looked linked to warmer temperatures forecast for the beginning of February
Last week saw traders generally buying the dip as Russia/ Ukraine tensions continued to boil, further helping prices tick higher. Front month gas and power saw price increases of c. 18.83p/therm and c. £23.72/MWh settlement to settlement.
Last week saw gains for much of the complex as bearish sentiment was largely bucked by fears around a Russian invasion of Ukraine. Front month gas opened the week trading lower as traders were focused on a healthy roster of LNG vessels.
Gas and power spent the first half of the week pushing lower before a late rally Thursday helped prices higher. Prices generally felt pressure from ample LNG expected into UK shores.
Last week saw gas and power markets recover from the sell off between Christmas and the New Year. Front month NBP opened the week strong, catching up to strength in TTF pricing over the bank holiday.
Last week saw carbon hit lofty new heights with seasonal gas and power contracts posting strong gains however front month contracts struggled more so.
Last week saw gas prices push higher overall, with days of strength in the middle of the week helping contracts to post gains, although capped either side by losses with ensured price increases kept in check.
Last week saw a bullish start to the week with losses later in the week not enough to stave off weekly gains with front month, Summer 22 and Winter 22 gaining 25.46p/therm, 4.54p/therm, and 4.60p/therm.
Last week saw mixed performance across the energy complex.
Last week saw gas markets initially move lower as the news broke over the weekend prior that Putin had ordered Gazprom to flow gas to Gazprom-owned storage facilities in Europe once domestic storage was full.
Last week saw gas markets drift lower after an explosive start on Monday.
Last week began with the front-month gas and power contracts uncharacteristically dropping whilst the rest of the curve ticked higher.
Last week saw front month UK gas trade a ridiculous 199p/therm range with the start of the week bringing gains with bullish momentum continuing...
Last week saw the Oct 21 and Winter 21 gas and power contracts expire as we officially entered the shoulder month of October.
Last week saw gas pricing plunged into chaos once again on Monday as Gazprom booked no additional capacity via Ukraine for October and took reduced capacity via Yamal.
Last week saw gas markets remain at centre stage of the energy complex.
Last week saw continued volatility in both the curve as well as, and especially so, in prompt gas and power markets.
The energy complex remained strong last week as UK markets played catch up with the rest of Europe following the bank holiday weekend.
The week began fuelled by volatility with gas flows into the Mallnow entry point on the German/ Polish border increasing over Monday afternoon by 85% on what was being flowed last week, helping to present a mixed bag early on.
Last week saw vast volatility in the European energy complex, led mostly by gas hub pricing.
Last week saw gas and power push higher on European storage levels continue to languish below the lows of the recent range, with low LNG arrivals expected over the coming month, and disruption of Russian supply into Europe
Last week saw further gains for UK gas with front month touching a high of 111.50p/therm during Friday’s session.
Last week marked another extremely bullish week for gas, pulling the rest of the complex with it whilst oil grappled with COVID-19 variant impacts and supply fundamentals.
Volatility continues to define day to day price action at the front of the gas and power curves
Last week saw pronounced volatility with wide day to day trading ranges as bulls and bears fought. Overall the bears won with many contracts dumping value week on week.
Last week saw mass volatility and large traded ranges across commodity markets, but particularly so in gas.
Last week saw gains across the complex, especially so in gas markets where front month pushed over 9p/therm higher than the prior week’s settlement.
Another bullish week across the energy complex with fundamentals unchanged as renewable output remains lower, continued cooler temperatures, and a strong Asian LNG bid all mean that injection season has faltered.
Last week saw gas and power prices lifted along the curve as attention to storage injections re-ignited with temperatures across the UK dropping off, halting the injections we had seen whilst temperatures were often in the mid-20°Cs.
Last week saw prices lift across the complex, with gas particularly strong after a gap at the open on Tuesday helped to set the tone for the week with prices only losing steam come Friday.
Last week saw UK gas and power push higher on a short trading week thanks to the bank holiday.
Last week saw wide daily trading ranges across the space as volatility continues to be a key theme.
Last week's trading saw the energy complex, along with wider markets, take a dive from the weeks open.
Carbon continues to provide direction for gas and power contracts which is leading to increased volatility across the commodities...
Last week generally saw markets trek higher with most contracts posting gains on the week.
A strong week across the energy complex with May 21 NBP and baseload contracts expiring and Jun 21 taking over as the front-month contract.
Weakness on Friday drags gas to losses on the week whilst bullish carbon supports power
Contracts across the energy complex posted gains, lifted by particularly low wind output and cooler temperatures at the start of the week elevating demand well above seasonal norms...
Last week saw gas markets begin the week with strength after a long weekend, however, this was eroded over the week as front-month dropped some 1.62p/therm, Winter 21 dropped 1.16p/therm and Summer 22 lost 0.81p/therm.
Suez Canal blockages spurred contracts to post weekly gains with LNG and Oil supply fears being stoked
Contracts tumbled across the energy complex last week, despite carbon proving volatile and dragging gas and power pricing with it multiple times across the week.
Last week saw the complex post gains due to strength late in the week.
Last week saw gas and power contracts drift mostly sideways in a week that saw Mar 21 contracts expire and Apr 21 take centre stage.
Cold weather premiums were shed from gas and power markets in a week that saw mild and windy conditions along with LNG providing enough flex in the supply stack to combat Norwegian and North Sea outtages
Last week saw gas markets soften particularly at the front of the curve as weather models found some common understanding that cold weather was due to come to a halt at the end of the week.
Last week saw carbon take the limelight as the commodity rose a whopping €5.25/tonne, to not just clear comfortably above the €30 level, but reach new highs as the contract comes ever closer to €40/tonne.
A week of losses across the complex masks significant intra- and inter-day volatility
An overall bullish week across the energy complex as contracts were spurred higher by cold temperatures, forecasts of cooler temperatures at the start of February, rumours of French nuclear workers striking and dwindling storage levels.
The energy complex dropped lower over the course of last week on the face of it, but this fails to explain the roller coaster of price action and volatility truly seen.
Last week saw positive performance across the energy complex.
Last week saw positive performance across the energy complex.
Last week saw mixed performance from the energy complex, with the NBP and Baseload curves declining whilst Carbon and Oil gained on the week.
Last week saw strong bullish sentiment dominating the energy complex.
Last week saw mixed performance across the energy complex.
Last week favoured commodities with the energy complex posting...
Last week ended mixed with a slight bullish tone across the energy...
Last week ended mixed with a slight bullish tone across the energy...
Last week ended overall bullish for the energy complex.
Last week ended mostly positive for the energy mix, with the...
Last week ended mostly positive for the energy mix, with the...
Last week saw sellers dominate gas markets, also sweeping into...
Worries of a second wave of Covid-19 along with cooler temperatures...
Brent markets gained on the week due to the impact of Hurricane Sally
ENVI's vote on stronger carbon targets took centre stage last week...
Carbon and oil took noticeable losses last week while near term gas...
Dec 20 EUAs lifted by €1.68/tonne on Monday, hitting 5-week highs...
Last week, carbon mimicked the movement of gas and power prices
Last week saw choppy trading conditions with volatile price action...
Soaring temperatures and rising air-con demand pulls national...
Last week saw Aug 20 futures roll off, causing a move higher at the...
Last week saw carbon take the spotlight once again as the Dec 20...
The energy complex dipped lower last week, largely led by carbon...
Carbon is in the spotlight as last week saw it push closer to the...
Last week saw carbon jet upwards and analysts were divided over...
COVID-19 news headlines continue to drive change in the Brent markets
Energy complex pushed higher last week and oil sees gains despite...
Crude oil prices tumbled last week as sellers were concerned over...
Want to know more about your energy costs? Here are the top...
Brent Markets see gains due to OPEC+ meeting; and power and gas saw...
Gas market continued to sell off amongst high renewable penetration...
Last week saw the front of the NBP curve slide lower still...
Rallying oil markets led gains in further dated energy contracts as...
Strengths seen in the rest of energy complex were heavily muted in...
Oil markets see a rebound as fuel product demands increased
The collapse in oil was immense last week with knock on effects...
EDF announces a trimming of their 2020 nuclear output target and...
Rumours of easing lockdown provisions in some of Europe sees the...
Much of the energy complex firmed across the week with gains in the...
More Losses across much of the energy complex as many business...
Energy Complex continues to weaken amidst coronavirus disruption
Coronavirus continues to play havoc across the energy complex and...
Energy complex contract prices continued to be pressured by...
Marked weakness and volatility across the energy complex with...
LNG delivery disruption supports the near-curve gas and power...
Near curve power and gas pressured further by bearish fundamentals...
Energy complex weakens as coronavirus fears grow and news breaks of...
Oil prices return after easing US-Iran tensions and Germany will...
Markets respond to increased US-Iran tension driving volatility...
Markets soar on US-Iran tensions, reversing recent bearish trends.
UK Gas and Power Prices Tumble Further on Bearish Fundamentals.
Power and Gas pricing falls on high LNG send out, milder...
UK gas and power pricing falls amidst comfortable supply despite...
Pricing firms across much of the energy complex, led by stronger...
Colder temperatures firms gas pricing while power drifts lower on...
UK power and gas curve pricing softens on comfortable system...
Pricing consolidates a little despite a week of volatility
UK gas and power pricing softens further on bearish Q120...
Headlines drive market volatility ahead of Brexit uncertainty
Pricing across the energy complex lifts over the week amidst...
Energy complex continues to soften amidst bearish short term...
Markets trade lower on weaker fundamentals, but bullish headlines...
News-driven volatility dominated the market amidst supply...
A week of high volatility across the energy complex and early...
Volatility remains high across the energy complex as Summer futures...
Weakness across the energy complex amidst macro-economic fears
Oil and Carbon suffer losses amidst macro-economic gloom.
Power outages liven up a slow week in the market.
Carbon pushing towards the €30 mark and why Thursday was so volatile.
Gas and power retracing gains and the impact of the UK's warm...
A volatile week in the markets driven by geopolitical risk
Carbon pricing is being increasingly mentioned in both our own and...
UK power and gas markets show strength and carbon prices breach...
Nyhamna gas processing plant outage causes Friday rally, and...
Bearish sentiment on UK power and gas held back by strong carbon...
The auction cleared at the all-time low clearing price of 0.77...
The Balancing Services Use of System (BSUoS) half-hourly charge is...
Following our insight piece on Triads, we thought it would be a...
For half-hourly electricity meters, transmission (TNUoS) costs are...
We are pleased to announce we have taken steps to provide...
The Climate Change Levy (CCL) is a government levy imposed on the...
"It’s certainly possible that in the coming years, the cost of...
Gas and power markets surge over trifecta of bullish news and drone...
