Streamlined Energy and Carbon Reporting (SECR)

Thursday 25th March 2021

We and our clients are busy at the moment preparing energy and carbon data to include within their Directors’ reports. This needs to be done for all large companies for financial years starting on or after 1st April 2019.

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Gas increases less significant than power

Friday 19th March 2021

The last fortnight has generally been bullish across gas and power, as last week’s interim report indicated. Various factors have pushed Annuals higher, with April 2021 shooting up to £60/MWh, the highest price for a front Annual since 2018. A lot of the sentiment came from the $1.9 trillion US post-covid stimulus package. This commitment to stimulate growth has associated …

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Day-ahead power surges on low wind generation

Wednesday 3rd March 2021

Whilst power markets were generally benign and bearish through the second half of February, they was a sharp upturn in short-term wholesale as we entered March. A now familiar scenario of low wind and cooler weather sent Day-ahead above £100/MWh again, with it having been at £44 a few days earlier. The uptick was also driven by power station outages …

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Prices rise on arrival of "Beast from the East"

Friday 19th February 2021

The last fortnight has seen big swings in both Short-term and Annual prices across power and gas. A Sudden Stratospheric Warming event above the North Pole put in place a “Beast from the East” weather pattern bringing snow and cold weather (a 30-year low temperature for the UK). This caused short-term energy prices to surge, feeding into Annual sentiment. However, …

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Prices fluctuate on changing weather forecasts

Thursday 4th February 2021

As has been the case more so than ever this winter, fluctuating weather patterns continue to dictate energy prices. For now, it looks as though the extremes on the short-term market have abated, as the weather generally gets warmer across Europe and the wider Northern Hemisphere. Milder temperatures in Asia have heralded a drop in LNG demand and price, as …

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