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Energy Market Update – June 2025
May recap An interesting month in Energy, the EU outlines plans to sanction any remaining Russian gas and Liquefied Natural Gas (LNG) into member states. LNG was targeted by the end of the year which is ambitious. Hungary and Slovakia in particular objected to the initial plans but the roadmap set a clear state of…
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Energy Market Update – May 2025
April Recap A relatively tepid month in energy news. Gas outperformed wind in electricity generation, for context in April 2024 wind produced over twice what gas managed. UK gas storage diverged from last year’s position. During April 2024 injections were commonplace in the lead up to the 1st of the annual Norwegian maintenance windows. However,…
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Energy Market Update – April 2025
March Recap Overall, March turned out to be a relatively stable month price-wise. Although gas outperformed wind by 1.1TWh, overall power demand was down by around the same amount from February. Positive steps were seemingly made towards peace in the Ukraine with the commencement of peace talks. However, nothing solid materialised in the talks between…
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CHP Future Landscape in Horticulture
Introduction – why do we use CHP? Combined Heat and Power (CHP) is common in UK horticulture, and with good reason; each of the outputs of heat, electricity, and CO2 are useful. Having an electricity generation asset provides a lot of resilience and versatility in how a site can provide heat, light, and CO2 to…
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Energy Market Update – March 2025
February Recap February saw a mix of conditions in both gas and power pricing. The first 10 days saw sharp price rises with continued momentum from January. Prices then swiftly decreased, settling back to levels seen in mid-December before the price hikes. Three main factors drove these price increases: Firstly, the fall out of Donald…
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Energy Market Update – February 2025
January Recap After a turbulent December in the markets following the wake of the exit of the last remnants of Russian gas into Europe, early January saw these prices continue to decline, before prices rapidly increased towards month end. It seemed that for the most part this was caused by another major concern with gas,…
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Energy Market Update – January 2025
December Recap December was quite a turbulent month. With the last remnants of Russian gas exported to Europe ending on 31/12/24, the market’s reaction in the run up was less than calm. Although European Union rhetoric was that they were prepared for these contracts to run out, prices did not initially follow that sentiment. Neither,…
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Energy Market Update – December 2024
November Recap As Winter 24 got into full swing, prices increased steadily while the temperatures slowly dropped. Month ahead gas prices increased by 16% from month start to month end. Power followed a similar, although slightly less volatile, pattern as it increased by 10.5%. The UK had paid close attention to its gas storage stocks…
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Energy Market Update – November 2024
October Recap In October, gas and electricity prices saw a continued rise from September, then plateaued, before spiking towards the end of the month. The main factors driving these increases were significant developments in the conflicts in Ukraine and the Middle East. In Israel, military action intensified as troops moved into Lebanon to expel Hezbollah…
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Energy Market Update – October 2024
September Recap Contrary to the last update written a few days before month close, a late surge in wind generation saw our turbines beat gas to the final post for the top generator, albeit it was close. September typically marks the second round of Norwegian maintenance. After a somewhat turbulent 2023 maintenance window, the markets…
