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Energy efficiency is not just low-hanging fruit; it is fruit on the ground. Stephen Chu, US Secretary of Energy

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  • The colder than expected weather last week, combined with unexpected outages in the Norwegian supply network, drove short-term prices higher. Longer term prices also increased, helped by a weakening pound sterling and upwards movement in oil. Read More...
  • Supplies of gas from Norway were adversely impacted by both outages in facilities and also pipelines to the UK. This put the system into undersupply kicking short-term prices upwards. Electricity managed to resist the upwards price pressure because of significant wind generation. Read More...
  • As temperatures return to more seasonal norms and stocks of gas return to acceptable levels, the short-term prices corrected downwards, followed by electricity. Longer term prices followed suit, helped by a 4% fall in the oil price over the week. Read More...
  • At the beginning of last week, prices came down slightly due to milder weather forecasts for the Easter period, which reduced the risk of another cold snap depleting the UK storage stocks. Unfortunately, by mid-week, temperatures fell a few degrees below seasonal norm, which brought back that risk and drove prices back up even higher. Read More...
  • Despite concerns at the beginning of the week over the closure of a significant pipeline from Norwegian gas fields, short-term prices continued downwards helped by a warmer outlook for April. Short-term electricity followed suit, helped by significant wind generation during the week. Read More...

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