Energy costs: News of the successful development of 3 Covid vaccines have buoyed global oil and coal markets with UK gas and electricity following suit. This was supported by lower than expected wind output, continuing OPEC production cuts and more LNG deliveries diverted towards Asia.
Energy costs: The last fortnight has been a tale of two halves. The markets rose in the first half due to increases across the broader energy spectrum caused by Hurricanes in the Gulf of Mexico, industrial action across Norwegian oil and gas fields and beyond,
Energy costs: Energy prices have been fluctuating over the last 2 weeks which has affected both short term and long term pricing. Short term pricing has had consistency on wind generation to begin with but this recently dropped significantly and has since pushed prices up
Energy costs: Short term energy prices have been volatile over the second half of September following fluctuating wind generation between 1% and 45%, falling LNG imports and increase in coal prices due to increased European coal burning, industrial action in Columbia and South Africa and
Energy costs: Long term energy prices have slipped slightly at the beginning of September but there has been an increase in short term energy prices due to a surge in emission prices, concerns over the French Nuclear supply and spikes in coal, carbon and oil.
Energy costs: Both short and long term energy markets shot up over the past fortnight for multiple reasons. Hurricanes in the Gulf of Mexico shut down oil and gas production for a week, cooler temperatures in the UK boosted demand, wind output lows put pressure
Energy costs: Market prices have bolstered up in the first half of August including short term gas prices rallying to 5 month highs due to low wind and nuclear output but continuing increasing demand in the country to the point we required the coal station
Energy costs: Long term prices have slumped by 8% from mid-July but short term prices have been fluctuating and have reached 6 month highs due to changeable weather patterns and continued planned and unplanned outages. Expectations for the recovery of the economy are thought to
Energy costs: Both long term prices have been unsteadily increasing over the first half of July and shot term power prices now reaching highest levels since mid-March but short term gas prices have actually been on a slight downtrend. With price increases seen in carbon,
Energy costs: Both short and long term prices recovered some of the losses seen over the lockdown following the rebound in oil prices due to OPEC’s production cuts, limited LNG deliveries and increasing carbon costs as industrial output continued to rise. Although temperatures are set