Eneco Energy Market News – 17/10/2019

October 17th, 2019|

Energy costs: Gas and electricity markets ticked upwards in early October following oil and coal markets. This was driven by increased Middle Eastern tensions following a missile attack on an Iranian oil tanker and concerns regarding coal supply capacity and increasing environmental compliance costs. Subsequently gas

Eneco Energy Market News – 07/10/2019

October 8th, 2019|

Energy costs: Gas and electricity markets fell back from their mid-September highs as the situation in the Middle East calmed (reversing oil price hikes) and EDF provided the market reassurance regarding the state of repair of their French nuclear reactors. Carbon and coal prices followed suit.

Eneco Energy Market News – 19/09/2019

September 19th, 2019|

Energy costs: The reductions seen in August have rebounded as the market has surged over the last week due to nuclear plant issues in France, a drone attack at an oil facility in Saudi Arabia, the earlier than expected closure announcement for Groningen’s gas field and

Eneco Energy Market News – 03/09/2019

September 3rd, 2019|

Energy costs: Energy markets slumped by at least 10% in August, prompted by weaker oil, coal and carbon markets and concerns of an economic slowdown. In September, the resumption of LNG deliveries to the UK, largely absent in August and expectations of temperatures higher than seasonal

Eneco Energy Market News – 02/08/2019

August 2nd, 2019|

Energy costs: Markets have continued to experience volatility in the past fortnight with intraday movements of up to 10% of market value. However, the overall movement has been sideways. Upside pressure is being provided by Sterling’s continued devaluation, tensions in the Gulf buffeting oil prices, sparse

Eneco Energy Market News – 18/07/2019

July 18th, 2019|

Energy costs: Markets leapt up significantly in the first week of July due to continued falls in the exchange rate (fuelled by Brexit concerns) magnifying increases in oil and coal prices, supply outages in Norway, low wind and solar output and hikes in carbon markets caused

Eneco Energy Market News – 03/07/2019

July 3rd, 2019|

Energy costs: Choppy market conditions continued in late June, fuelled by a tug of war between oil price volatility, changeable weather and rising CO2 costs. Although the overall trend was marginally downwards, however it still has not reached March/April lows. This volatile dynamic is likely to

Eneco Energy Market News – 18/06/2019

June 18th, 2019|

Energy costs: Markets have been moving sideways over the last couple of weeks due to colder weather for this time of year and increase in demand, various outages at power stations, drop in LNG deliveries and jittery oil markets. However, we have high gas storage levels

Eneco Energy Market News – 04/06/2019

June 4th, 2019|

Energy costs: Markets slid sideways in late May, until a slump in oil prices alongside increases in wind and solar generation caused both short and long term gas and power prices to tumble into June. Looking ahead, LNG deliveries are expected to slow in June and

Eneco Energy Market News – 22/05/2019

May 22nd, 2019|

Energy costs:The last fortnight was marked with considerable volatility as both annual and short term prices zigzagged sideways without a clear overriding direction. Variable temperatures and carbon prices, a ratcheting oil market and plentiful LNG supplies all contributed to the uncertainty. The second half of