Power prices rally on increased carbon trading

Wednesday 5th May 2021

After the briefest correction of wholesale prices in the middle of April, the upturn returned with a vengeance with multi-year highs reached on Annuals, alongside a robust Short-term market.

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Power prices rise on cool, still weather

Monday 19th April 2021

Energy markets have been adversely affected by prolonged below-average temperatures across Europe. This has led to increased demand, but also a delay to gas storage replenishment, with gas storages levels significantly below 2020 and the 5-year average. Short-term prices have also been boosted by the stillness of weather conditions, with low wind generation output adding to the general upward sentiment …

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The Suez issue spikes fears over LNG shipments

Tuesday 6th April 2021

The bullishness seen across energy markets in the first half of March has continued, bolstered by the issue of the container ship blocking the Suez Canal. This backed-up freight for several days and more importantly for the energy market, slowed the shipment of LNG to Northern Europe. This increased gas costs and ultimately power. Other factors pushing energy prices higher …

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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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