Colder forecasts push power prices higher

Monday 19th November 2018

Gas and power prices have seen a degree of recovery over the last two weeks, following general bearishness through October. The main driver has been a change in weather forecasts, with the first prolonged cold spell due later this week. This will inevitably lead to increased heating demand following a period of unseasonably mild weather across Europe. Short-term gas is ...

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Power prices fall in line with wider energy complex

Monday 5th November 2018

Both power and gas markets have seen bearishness in the past fortnight due to a general decline in energy markets. There has been a pronounced reduction in oil prices, as American production and inventories increase, OPEC+ ups production, and the US grants sanction exemptions to certain countries purchasing Iranian oil. US oil output has increased to such an extent that ...

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Ofgem release "State of the energy market" report

Friday 26th October 2018

In October, Ofgem’s ‘State of the energy market’ report was released, and at E2 we read the report with great interest. While there are some positives – the Big Six seeing a drop in their profits and market share fall, for example – overall our long-standing concerns about the business energy markets persist, and microbusinesses continue to get a raw deal.  

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Latest UN Report Confirms Paris Target Not Achievable

Wednesday 17th October 2018

A report released last week by the UN’s Intergovernmental Panel on Climate Change has concluded the earth is due to overshoot its Paris target and heat up by 3C by the end of the century.

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Markets volatile on changeable weather conditions

Wednesday 17th October 2018

It has been an unusual fortnight compared to much of this year as there has been more of a sense of sustained bearishness creeping in. Numerous factors have kept the markets extremely volatile, but overall, the drivers have been downwards.

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