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Are you bills going up or down? Some great insight here for those wanting to better understand where the energy markets could be heading

Global gas demand set for 2.5% growth in 2024. The International Energy Agency (IEA) has warned that geopolitical uncertainties and supply constraints may trigger price fluctuations. #energybills #energyconsumption #energycosts #energydemand #energymarket #energyprices #energysecurity #energysupplier  #energysupply

Global gas demand set for 2.5% growth in 2024. The International Energy Agency (IEA) has warned that geopolitical uncertainties and supply constraints may trigger price fluctuations. #energybills #energyconsumption #energycosts #energydemand #energymarket #energyprices #energysecurity #energysupplier  #energysupply

                    Morning Briefing 03/08/2023 The UK system has opened short this morning, with the Troll maintenance still affecting the UK system, pushing prices higher. Temperatures over the coming week are forecast to be under seasonal norms, combined with wind generation dropping extremely low tomorrow, we could see prices rising in the short term.   Day ahead (DA)/Intraday   ·Demand is currently at approx. 25.7GW and due to peak this evening at 27.6GW. ·DA markets auctioned between £6 - £92 yesterday for today. ·Baseload auctioned at @ £62.08 in the 1hr and £57.52 in the 30min auction. ·Wind generation is currently under forecast at approx. 9.4GW and due to drop to 7GW this evening and continue to drop as low as 0.6GW tomorrow. ·Current intraday power price at time of writing was £105/MWh with gas providing 19.3%/5.77GW, wind providing 38.3%/11.48GW, solar providing 9.5%/2.84GW and nuclear providing 9.6%/2.88GW of UK demand. ·DA gas is currently trading at 71p/th (2.43p/KWh) ·DA power is trading at £78/MWh (7.8p/KWh)     Month ahead (Sep 23) ·Sep NBP gas price is currently up 2.55% at 74p/th (2.53p/KWh). ·Sep TTF gas is currently up 3.19% at €29.69/MWh. ·UK gas prices had another mixed day yesterday, with the spot and prompt prices rising due to the unplanned outages at Troll and high UK exports to the continent adding support, with the Nov onwards contracts remained relatively flat or slightly dropping. ·UK power prices decreased yesterday due to strong renewable generation, with the spot price falling 12%. Further out on the curve, the price for Win23 also fell by 1.2% tracking the bearish sentiment in the gas market.    ·In July, the UK achieved a milestone in its clean energy efforts, with 52% of its electricity being generated from zero carbon sources – with a peak on 15th July at 3pm, when 86% of the UK’s electricity was sourced from zero carbon sources. ·Oil prices dropped 2% yesterday and have continued to fall this morning pressured by the news of ratings agency Fitch stripping the US of its triple-A borrower status by a notch – despite a large decline in US crude stockpiles.    ·Latest long term weather forecast remains mostly unchanged, showing temperatures above seasonal norms from 11th August till mid-September. ·UK Gas prices as of Wednesday close -  o   Month ahead 72.16p/th (2.46p/KWh) up 6.27% DoD* o   Q4 23 105.22p/th (3.59p/KWh) up 0.36% DoD o   Winter 23/24 117.11p/th (4.00p/KWh) down 0.41% DoD ·UK Power prices as of Wednesday close – o   Month ahead £75.00MWh (7.50p/KWh) up 1.54% DoD* o   Q4 23 £105.73/MWh (10.57p/KWh) down 0.93% DoD o   Winter 23/24 £112.21MWh (11.22p/KW) down 1.19% DoD   *DoD = Day on Day All prices and info correct at time of writing Eco Logic Partners Jason Atkinson Sam Atkinson Christopher Cameron joshua Bird Kirk Wilson Michael Wilson #trading #energy #power #gas #markets #renewables #wind #lng #energymarkets #electricity #commodities #weather #winter #solar #asia #norway

The Dutch TTF benchmark for European gas prices has seen a significant drop in February 2024, falling below €25/megawatt-hour (MWh), reaching levels last seen during the summer and marking a steep decline of over 50% compared to the same period a year ago. This drop reflects a broader trend influenced by a mix of climatic and economic factors, including warmer-than-average temperatures across the Northern Hemisphere and a notable decrease in both industrial and domestic demand for natural gas. https://lnkd.in/dYJsr_qS #european #naturalgas #prices #dropping #decline #energymarkets #warmer #temperatures #northern #hemisphere #decrease #industrial #domestic #demand

Energy Market Update: A closer look at gas and power prices Over the past 18 months, we've witnessed a significant decline in energy prices, providing a much-needed respite from the sharp spikes of the 2022 energy crisis. While this downward trend is certainly positive, it's important to note that prices have yet to return to their pre-crisis levels. Understanding the factors driving this decline, as well as the ongoing risks that hinder a full return to normalcy, is crucial for anyone involved in the energy market. 💡Hear from our experts and stay informed: https://lnkd.in/e8fxSvwB #EnergyMarket #MarketTrends #EnergyCrisis #Sustainability

Cadogan Commodities – Energy Talks   In our latest conversation Thierry Rodier and our Head Economist focused on:   ✅ Upside risks for the summer. ->Current temperatures in India are a warning signal for the global energy markets. ->Heatwaves will test the energy supply chains and the grid systems. ->So far, the reaction of the markets to the heatwave in South and Southeast Asia is astonishingly moderate.    ✅ What about Europe? ->Yes, Europe faces the risk of a hot and dry summer. ->High storage levels will take a backseat if the heatwave lasts longer. ->Energy markets face the biggest upside pressure if heatwaves emerge in different regions at the same time. This is the current risk.   ✅What are the implications for other fuels than gas? ->Nuclear faces bottlenecks due to a lack of water for cooling. ->Coal faces transportation limitations due to low river levels. ->Gas may have to fill the gap. Thank you for listening. Let us know your feedback. #energy #gas #power #electricity #powergeneration #energystorage #lng #energyindustry #powerdistribution #markets #naturalgas #oil #oilgas #renewableenergy #PPA #longtermpower #GO #GuaranteeofOrigin #weather

📈📈📈 Higher ELECTRICITY BILLS are ahead for most of the U.S. this summer, as the Energy Information Administration forecasts the average monthly residential power bill in the U.S. rising to $173 in June, July and August, up 3% from a year ago. This month likely will end up as the warmest 🥵 June in records dating back to 1950, both in terms of actual temperature and cooling-degree days, Maxar senior meteorologist Steve Silver told Dow Jones. Air conditioning bills would be even higher if this past winter had not been so warm; with less need for heat, a lot of natural gas was left unburned, and prices plunged during the spring, when demand for gas is low. 🔥🔥🔥 U.S. natural gas prices have begun to rebound as inventories have been burned down, with front-month July futures ending the week at $2.71/MMBtu, up 74% from a low in late March and 5% higher than a year ago. While renewable energy production is rising, natural gas remains the dominant means of producing electricity in the U.S., accounting for 43% of utility-scale power generation last year - more than nuclear, coal and wind combined - the EIA said.

Catch up on the latest edition of our Weekly Market Rewind ⏪ UK & EU Gas Energy prices over the past week have fallen away somewhat. MA prices (now May24) have fallen to 66.1p/th (72.4p/th), Winter24 and Summer25 have fallen too to 81.75p/th (84p/th) and 75.1p/th (77p/th). The predominant driving factors have been increasing temperatures and higher forecasted wind speeds. Temperatures are expected to reach up to 5 degrees above seasonal normal. Electricity Prices Power prices have mirrored that fall, reducing to £56.75/MWh (£65/MWh) for May24. W24 and S25 are down to £75.5/MWh (£78.75/MWh) and £64.5/MWh (66/MWh), respectively. Nuclear outages have almost ended across the UK fleet, with Hartlepool coming back online. Only one unit at Heysham remains offline. Construction continues at Dogger Bank A and Moray West with transition pieces almost finished at the former and mono-piling at the latter. N2EX has remained steady clearing largely between £60-£70/MWh, with no big drops in comparison to the week prior. CfD AR6 opened for bidding last week, and this is anticipated to be the most hotly contested auction to date. Oil Oil has continued to climb reaching $88.5/bbl this morning. Prices have rebounded due to positive news from the manufacturing output of both the US and China. Net Zero The Department of Energy Security and Net Zero (DESNZ) also announced that the UK was halfway to Net-Zero based on 1990 baseline, mainly through slashing of emissions from power generation and land use. Other news The new Ofgem price cap went live from 1st April. This will reduce the energy price cap from £1,928 to £1,690 per year, a reduction of around 12%. To get the full low-down of what’s happening in the markets, make sure to jump onto our platform at app.ppaya.co.uk and sign-up for daily, weekly & monthly market reports 👉 #Energy #Renewables #PPAYA

https://lnkd.in/e4TBFVJ5 #Energy #Energysecurity #Europe #UK #Energystorage #costofliving #industry #securityofsupply #costs "In late September, the gas transmission operator, National Gas, said it was “unlikely” that gas supplies would be at risk this winter unless “a very cold winter … should coincide with a major interruption to one of our gas supply sources”. But the risk of this happening should not be discounted, the operator said. The UK is still expected to remain exposed to the impact of soaring international gas prices."