The UK energy market continues to experience volatility, with power and gas prices fluctuating due to geopolitical risks, maintenance outages, and shifts in supply and demand. While colder weather and weak renewable output initially pushed prices higher, recent improvements in wind generation and steady LNG inflows have provided some relief.
Electricity Market Movements
Energy prices remain volatile as market participants watch for updates regarding a potential ceasefire in Ukraine.
Low renewables added some upward pressure last week, but wind and nuclear generation are soon forecast to increase.
Gas Market Movements
UK gas demand was driven higher by colder weather last week ; however, temperatures are forecasted to improve, which will reduce gas reliance going forward.
Strong LNG imports continue to support supply this month, with seven more cargoes expected by the end of March.
As the market remains unpredictable, businesses must stay informed and consider risk mitigation strategies.
At CES, we help companies navigate energy market shifts and secure the best energy procurement strategies.
