Energy markets have remained volatile in recent weeks, influenced by geopolitical tensions, changing demand patterns, and fluctuations in renewable generation. While recent warmer weather and increased imports helped ease short-term prices, the overall trend remains uncertain as injections into EU gas storage begins and the impact of Donald Trump’s new tariffs is still unknown.
Electricity Market Movements
- Prices spiked after mid-March due to geopolitical uncertainty surrounding the peace talks with Russia and Ukraine.
- Milder weather and longer days reduced overall electricity demand.
- Increased renewable generation helped push prices down over the last week.
- Higher nuclear generation following reactor maintenance has supported the recent downward trend.
Gas Market
- Gas prices ticked higher amid mixed headlines around Ukraine ceasefire talks.
- Demand has softened due to milder weather and lower residential use.
- LNG imports into Europe increase, helping to support storage refill efforts.
- European gas storage levels are still low, increasing pressure on prices as injections into storage begins.
Staying ahead of market changes is crucial for businesses managing energy costs as we move into the summer season and see continued geopolitical uncertainty.
At CES, we help organisations navigate volatile energy markets with strategic procurement support and cost-saving insights.
Contact us at [email protected] to learn how we can support your business.
