Energy Market InformationJames Jack2020-10-15T10:00:09+00:00
Energy Market Information
Eneco send out fortnightly market reports detailing updated wholesale market costs pass through charges and other energy market news. In addition to tracking a number of live futures markets, we receive daily pricing updates from suppliers which are used to track customer costs to advise the right point to sign off.
See our News feed to view the latest fortnightly report.
How Can This Benefit You?
Our in-house energy market reports give a detailed account of what has happened to affect the market and predicting future trends for pricing. Eneco’s brand promise is to help save time and money. Using our expert advice, we can navigate you through the price fluctuations and find the optimum point of sign off.
Factors Influencing Wholesale Markets
Maintenance – Gas and electricity infrastructure requires maintenance periodically, whether planned or unplanned, will impact available energy supplies.
Demand – Periods of high demand, such as for heating in Winter or air conditioning in Summer, will typically result in higher prices.
Oil Markets – These feed through to gas and electricity markets on a 6 month lag.
Coal Markets – Coal is used to a lessening extent in electricity production.
Wind/Solar Output – Changes in wind/solar output will affect prompt markets.
Weather – Seasonal changes in weather affect demand levels.
Gas Storage – Impacts gas supply levels particularly over Winter when demand is highest.
Carbon Costs – Feeds through to wholesale generation costs and hence prices.
LNG – Liquid natural gas supplies are increasing globally and form part of the UK gas mix.
Exchange Rate Fluctuations – Oil and coal are traded in dollars. Carbon allowances are traded in euros. This means exchange rate fluctuations will amplify any changes on those markets.
Geo-Political Events – The markets are very sensitive to global events which may have an impact on demand or supply levels.
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