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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…
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Energy Market Update – September 2024
August Recap: August represented a solid month for the fundamentals in the market. Despite the beginning of intense Norwegian gas maintenance at the end of the month, gas supply was healthy throughout the month with little demand, meaning large volumes of surplus gas were redirected into storage. This represented a ~5,000GWh increase on last year’s…
