ENERGY MARKET REVIEW
- simon7110
- Nov 14, 2024
- 1 min read
Wholesale gas prices are trending bearish due to a potential Azeri gas deal, the EU surpassing its storage target, and warmer temperatures decreasing demand.
Geopolitical tensions, particularly in the Middle East, cast a long shadow over severe disruption to supply and overall gas prices.
UK Day Gas prices have been volatile throughout 2024, with significant fluctuations
Wholesale power prices are trending bearish due to increased European battery capacity and UK government funding for grid connections, however
European data centre growth and the UK's plan to phase out internal combustion engines is a looming threat to price increases
Geopolitical tensions around the world can plunge the energy market into turmoil at any time
UK Electric Price DA has seen a general upward trend in recent years.
Overall the energy market is, taking inflation into account, roughly the level it was before Putin's invasion of Ukraine, which caused the restructuring of the whole energy market in Europe.
With mixed signals of both bullish and bearish factors, the downside movement for prices is far less than the potential upside of prices rocketing again, because of malevolent action.
ADVICE: Lock in today's lower prices for as long as two to three years, to protect your business against a new energy crisis, whilst mitigating if prices lower in 12 months time.
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