Latest Market Update - December 2025

Markets have eased over the past month, supported by strong supply fundamentals and healthy storage levels. Warmer temperatures and increased wind generation are helping to stabilise conditions, while LNG arrivals continue to strengthen the outlook.

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Ellie Taylor
Latest Market Update - November 2025

Prices have held steady in recent weeks, but recent forecasts of reduced wind generation have unsettled the markets. While supply, demand, and storage fundamentals remain positive, colder temperatures expected next week are likely to drive demand higher.

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Ellie Taylor
Latest Market Update - September 2025

After a relatively stagnant week for energy prices, the market has opened this week with a more bullish tone. Attention is now turning to key fundamentals including incoming supply, demand levels, storage capacity and temperature forecasts, as traders begin to assess the risks heading into winter.

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Ellie Taylor
Latest Market Update - August 2025

Energy prices fell to a three-month low amid optimism over US-led Russia/Ukraine talks.
New UK and Russian sanctions caused a slight price rise.
Supply and storage remain strong, with EU gas storage near 75% and wind generation set to increase.

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Ellie Taylor
Latest Market Update - June 2025

After the events of the last week, we have now seen much risk premium removed from price levels. Despite Israel claiming that an Iranian missile hit them after the ceasefire started, and intended to retaliate, markets held their nerve in the anticipation the ceasefire would hold – and so far it appears to have done that.

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Sarah Dungar
Market Prices At Lowest Point In 6 Months

Upfront prices have remained relatively stable over the Easter period as the markets settle on the back of the fallout from implementation of the US’ import tariffs and the subsequent reaction and response.

Seasonal temperatures remain at a typical level which therefore sees a reduce in demand, further helping to reduce wholesale cost.

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Daniel Lunn
All Eyes On Russia And Ukraine Once Again

There is no ceasefire in Ukraine, and markets remain watchful, with flexible gas storage targets under discussion to ease price manipulation. Gas markets face rising U.S. LNG costs, while electricity markets benefit from UK renewable energy policies and favorable weather forecasts.

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Daniel Lunn
LNG Imports Sees Drop In Wholesale Costs

As winter ends, the February cost increase has stabilised recently due to LNG imports into Europe and negotiations on the Russia/Ukraine conflict. Although prices are slightly above the 2023 average, the LNG imports have eased summer storage fears. However, ongoing conflicts and the unpredictable Trump administration may still cause market volatility.

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Daniel Lunn
January Sees Significant Price Rises

The theme of the first month in 2025 has been one of volatility and uncertainty with the markets showing rises in cost as a result. Week commencing 20th January saw all eyes on the USA with the Trump administration taking office and making significant and immediate changes.

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Daniel Lunn
Markets kick off 2025 with considerable increases

With the UK temperature plummeting, this increases the demand for gas so it’s likely that prices will remain at this level for the next week at least. Temperatures now look to be returning to seasonal norms and despite reports of the UK’s gas storage being low, the markets are still looking positive with recent LNG shipments into UK and Europe.

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Daniel Lunn
Energy Market Update - November 2025

September and October have seen a period of volatility due to the escalating conflict between Israel and Iran which has seen multiple military strikes from each side. The markets closed at higher than average levels on Friday 25th October as colder temperature forecasts for early November and continued concerns around activities in the Middle East pushed the prices up.

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Daniel Lunn
Energy Market Update - September

August saw a rise in wholesale costs as tensions between Israel and Iran continued to grow and the conflict in Ukraine/Russia rages on. However, September has seen prices fall and with temperatures in the UK set to be above average for the next fortnight, it could see prices hold further.

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Daniel Lunn