Power prices bounce on vaccine news

Thursday 19th November 2020

Having dropped back with the start of the second lockdown, energy prices have bounced on news of successful vaccine trials. As was seen across international stock markets, electricity and gas rose, alongside carbon, oil and coal. The increase in gas was more muted than power, with things easing back over the last couple of days – the reality is that …

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Demand expectations cut as Covid lockdowns increase

Wednesday 4th November 2020

Whilst there was generally bullishness across gas and power markets through the second half of October, this sentiment dramatically switched with the announcement of renewed lockdown measures across the UK and continental Europe. Although the demand effect is not expected to be as severe as in the spring, lockdown will undoubtedly bring a reduction in energy consumption, and so costs …

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Annuals rise on general energy upturn

Monday 19th October 2020

The last fortnight has seen Annual prices move up, buoyed by a general upturn in energy. Oil increased on Donald Trump’s rapid recovery from covid symptoms, hurricane disruption in the Gulf of Mexico and the threat of Norwegian strikes. However, these increases have more or less corrected with the ever-growing expectation of a second lockdown in the UK and on …

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Short-term power extremely volatile due to changeable weather

Monday 5th October 2020

Short-term gas and power markets saw a high degree of volatility as we exited September. This was driven predominantly by the position of wind in the UK’s overall electricity generation mix. Calm weather to blustery conditions off the back of hurricane systems saw wind make up none of the generation stack to 50%, sometimes within-day. This led to intermittent gas …

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Day-ahead prices spike during mini-heatwave

Monday 21st September 2020

Gas and power markets have seen extreme volatility in the last couple of weeks, particular the day-ahead and intraday power markets. Last Tuesday saw a National Grid Capacity Market Notice, briefly sending the price to £1,090/MWh (for context, this would typically be around £50, and the effect was more pronounced than during the Beast from the East supply issues). The …

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