Energy markets continued their downward trend during late April, shaped by softer demand. However, prices started increasing again in early May, mainly driven by cooler weather forecasts and receding chance of the recession. Geopolitical factors remain a source of volatility across power and gas markets.
Electricity Market Movements
Economic uncertainty influenced energy markets, causing UK power prices to decline in late April.
Warmer weather had reduced overall demand, but this has now reversed in recent days.
Blackouts across parts of Spain and Portugal drew attention to energy system resilience across Europe, prompting fresh grid reviews in the UK
Gas Market Update
Gas prices moved lower as weaker demand, improved storage injections, and shifting LNG flows continued to influence the market in late April.
There has been an uptick in gas-fired generation to compensate for low wind. This is expected to increase further due to forecast cooler weather this week.
Increased LNG exports from the US and softer demand in Asia redirected more cargoes to Europe, improving availability.
As we move into the warmer months, cooling demand and global policy shifts will be critical to watch. Staying informed helps businesses navigate volatility and make more confident decisions.
At CES, we help organisations respond to change with smart energy procurement strategies and clear market insight.
