energy price graph - 05-01-2018

Energy Market Analysis - 05-01-2018

5th January 2018 | Posted by: Daniel Birkett | Market Analysis

LDZ demand increased slightly, while a drop in wind generation led to a sharp rise in CCGT demand on Thursday. However, any upward movement was offset by comfortable supply levels, despite an expected drop in temperatures in the coming days. Further out, contracts found support from bullish coal and oil markets and increased as the session progressed.

energy price graph - 04-01-2018

Energy Market Analysis - 04-01-2018

4th January 2018 | Posted by: Daniel Birkett | Market Analysis

A significant rise in wind levels yesterday resulted in a drop in CCGT demand, while residential demand was reduced by milder weather. Meanwhile, the outage at Oseberg was resolved, resulting in a rise in imports to the UK. This increase in Norwegian flows, combined with improved UKCS production contributed to a long system and prices along the near-curve moved down.

energy price graph - 03-01-2018

Energy Market Analysis - 03-01-2018

3rd January 2018 | Posted by: Daniel Birkett | Market Analysis

Gas prices moved down during yesterday’s session as milder weather is expected over the coming days and supply levels are comfortable. UKCS has recovered as the Forties pipeline was expected to be fully operational today, resulting in a long system. However, downward movement further along the curve was limited by stronger coal and oil markets.

energy price graph - 02-01-2018

Energy Market Analysis - 02-01-2018

2nd January 2018 | Posted by: Daniel Birkett | Market Analysis

Day-Ahead gas opened unchanged at the start of yesterday’s session but quickly lost value thanks to a long system. Improved UKCS production helped towards the oversupply, with flows via the IUK pipeline also strong. High LDZ demand limited losses on the near-curve, while a rise in coal prices continued to lift some contracts further out.

energy price graph - 20-12-2017

Energy Market Analysis - 20-12-2017

20th December 2017 | Posted by: Daniel Birkett | Market Analysis

Near-curve gas prices displayed losses yesterday as temperatures are expected to rise above the seasonal norm over the next few days and wind levels have increased slightly; resulting in weaker LDZ and CCGT demand. Meanwhile, movement at back of the curve was minimal due to a stable session for both coal and oil markets.