Latest Market Update - May 2026

Wholesale gas and electricity markets have continued to be unsettled this week, with forward prices still reflecting a high level of uncertainty across Europe. Forward‑curve graphs for gas, peak power and baseload power show that the market remains in backwardation – meaning prices for near‑term delivery are higher than those further out.

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Sarah Dungar
Latest Market Update - February 2026

Colder than expected weather, revised forecasts and rising geopolitical tensions shaped January’s energy market, but strong supply levels and steady LNG imports have helped temper volatility as Europe moves through the winter season.

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Ellie Taylor
Latest Market Update - January 2026

Energy markets have begun to shift as colder weather sets in, with electricity prices rising and gas storage levels declining. LNG imports continue to provide stability, but increased demand and emerging geopolitical tensions are adding upward pressure to the outlook.

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Ellie Taylor
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