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A nation that can't control its energy sources can't control its future. Barack Obama

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  • The mild weather brought the demand for gas down which, coupled with strong winds reducing the amount of gas-powered generation needed, caused prices to fall significantly. The strong winds and stormy conditions from Storm Callum supported wind generation so much this week that it peaked at 9GW of supply on Thursday, causing prices to take a nose-dive. Read More...
  • Gas had some small increases last week, which wasn’t bad considering the rising oil prices. The minimised increases were supported by increased gas arriving from Scandinavia and an influx of Liquefied Natural Gas on UK shores. Electricity prices softened and were unaffected by wind generation forecasts being low and the small gas increases. Read More...
  • Through the colder weather caused heating demand to rise initially last week, a drop in the price of carbon, milder weather forecasts and an unexpected gas cargo arriving to the UK which all caused prices to fall. Electricity also followed suit with some significant drops supported by rising wind and solar forecasts. Read More...
  • Last week gas prices were impacted by an unplanned outage at a key gas field in Norway sending prices back up after the dips we had last week. Electricity also tracked upwards, due to weaker wind output forecasts. Other factors affecting the market were strong levels of volatility in oil prices due to global supply concerns and pound sterling having a poor week against the euro following unsuccessful Brexit negotiation between the UK and EU. Read More...
  • After gas prices increased for the majority of the summer, last week we finally saw them start to go down. The decreases were caused by a combination of Norwegian gas being back up and running, following planned maintenance last week, and increased wind output. Read More...

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