Energy markets have remained relatively steady in early August, but rising temperatures, shifting generation trends, and evolving supply fundamentals continue to shape the outlook.

Electricity Market Movements

• Warmer weather forecasts have driven strength into near-term delivery periods.
• A sharp drop in wind generation led to increased reliance on gas-fired power, though improved renewable output is expected to ease pressure.
• Fluctuations in French nuclear output and ongoing infrastructure maintenance continue to add volatility to European power markets.

Gas Market Movements

• UK gas prices have remained relatively stable, with low volatility compared to previous months.
• Strong exports to Europe and reduced renewable generation have supported demand, while steady storage injections have helped balance supply.
• LNG dynamics remain in focus, as global competition and shifting demand patterns continue to influence market sentiment.

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