In recent weeks, UK power and gas markets have experienced notable fluctuations. Wholesale energy prices have initially trended upward due to geopolitics and delayed maintenance of nuclear reactors but have recently seen a reduction due to strong wind generation and mild weather.
Electricity Prices
Geopolitical tensions and delayed nuclear maintenance have driven electricity prices higher
A milder start to March and increased renewable generation reduced energy consumption to offset the upward pressure
Gas Market Movements
Recent competition from Asia has led to higher demand for LNG, strengthening gas prices
A steady LNG supply to Europe and lower demand have allowed gas prices to correct lower
As energy markets remain dynamic, businesses should stay informed and consider strategies to mitigate volatility. At CES, we help companies navigate market shifts to secure the best energy procurement options. Contact us at [email protected]
