Eneco market reports mid September 2021 Energy costs: Price records have been smashed in the last fortnight for Winter 21 supply periods with gains of more than 20% in one day as supply pressures increased - before falling back and rocking up and down. Meanwhile,
Eneco market reports early September 2021 Energy costs: Markets crashed by over 10% on August 19th on reports that Russia’s Nord Stream 2 pipeline would be completed early in September and bolster European gas storage. Thereafter prices surged up a further 30% on confirmation that
Eneco market reports mid August 2021 Energy costs: Gas supply concerns and rising prices across the wider energy complex led to further increases on Winter ’21 markets with increases starting to feed through to Summer ’22. Russian gas flows slumped following a fire in one
Eneco market reports early August 2021 Energy costs: Short term markets continued to surge in response to continued supply issues and increasing prices across the wider energy complex. This increased the gap between Winter 21 and seasons from Summer 22 onwards reinforcing backwardation. LNG supplies
Eneco market reports mid July 2021 Energy costs: The jitteriness was seen across the energy complex. Oil prices peaked at $76/barrel before falling back to $73/barrel as OPEC bickered over production increases to meet increasing demand - Saudi Arabia and UAE have since come to
Eneco market reports early July 2021 Energy costs: The last fortnight saw winter 21 electricity touch £100/MWh and gas 100p/therm. Gas supply fears prompted much of the gains with Russia declining to up supplies to bolster low European gas stocks and unplanned maintenance continuing in
Eneco market reports mid June 2021 Energy costs: Markets resumed their bullishness in early June, as temperatures soared and wind generation remained sluggish. Gas supplies were constrained by outages in North Sea and Norwegian fields, lower than slated supplies from Russia, and limited LNG deliveries diverted
Eneco market reports early June 2021 Energy costs: In the last fortnight annuals energy markets have swung by over 10% and short term markets by up to 50% as extreme volatility continued. Supply concerns persist with Norwegian gas maintenance expected to continue to June 24th, problems
Eneco market reports mid May 2021 Energy costs: Both gas and electricity prices spiked to multi year highs during the first half of May, with supply issues causing heavy backwardation into far seasons (prices more expensive for delivery today, less expensive the further out you go). Continued colder temperatures
Eneco market reports mid May 2021 Energy costs: Both gas and electricity prices spiked to multi year highs during the first half of May, with supply issues causing heavy backwardation into far seasons (prices more expensive for delivery today, less expensive the further out you go). Continued colder
