Energy Market Risk Analysis | Early June 2017

Rally extends, then falters

Annual UK power prices continued to rebound for most of the second half of May, pushing towards three-month highs before pulling back at the very end of the month, in line with other energy markets, while short-term prices have come under pressure from an increase in renewables output and the end of several outages.

 

A tale of two markets

It’s been a tale of two distinct UK gas markets over the last fortnight ─ with the forward market rising while the short-term market has shunted sharply lower.
Annuals and other longer-term periods have been boosted by the Dutch government confirming a 10% cut in output at the giant Groningen field from October, UK winter storage jitters and some more selective attention to the oil market, while short-term levels have been knocked lower by warm weather denting end-user demand, windier weather denting generator demand and healthy supplies.

 

Energy price shift between 16 May 2017 and 04 June 2017

Elec: +1.62%

Gas: +1.83%

Coal: +3.99%

Oil: -1.15%

Are you interested in receiving regular market reports?

This was just an excerpt. Check the full report sample and REQUEST A CALLBACK or call Nationwide Utilities Energy Brokers on 0800 862 0861 to request our bi-monthly email newsletter containing valuable, detailed and up-to-date information on energy price fluctuations.

Share/Bookmark this post

About Senior Energy Broker

When it comes to Nationwide Utilities, our Senior Energy Broker is most passionate about developing new ideas into commercial solutions which resolve problems and provide greater efficiencies in what we do. Our delivery always aims to provide Improvement, Reliability and Results for our clients.
This entry was posted in Energy Market Risk Management and tagged , , , , . Bookmark the permalink.

Comments are closed.