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Energy Market Update – June 2025
May recap An interesting month in Energy, the EU outlines plans to sanction any remaining Russian gas and Liquefied Natural Gas (LNG) into member states. LNG was targeted by the end of the year which is ambitious. Hungary and Slovakia in particular objected to the initial plans but the roadmap set a clear state of…
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Energy Market Update – May 2025
April Recap A relatively tepid month in energy news. Gas outperformed wind in electricity generation, for context in April 2024 wind produced over twice what gas managed. UK gas storage diverged from last year’s position. During April 2024 injections were commonplace in the lead up to the 1st of the annual Norwegian maintenance windows. However,…
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Energy Market Update – April 2025
March Recap Overall, March turned out to be a relatively stable month price-wise. Although gas outperformed wind by 1.1TWh, overall power demand was down by around the same amount from February. Positive steps were seemingly made towards peace in the Ukraine with the commencement of peace talks. However, nothing solid materialised in the talks between…
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Energy Market Update – March 2025
February Recap February saw a mix of conditions in both gas and power pricing. The first 10 days saw sharp price rises with continued momentum from January. Prices then swiftly decreased, settling back to levels seen in mid-December before the price hikes. Three main factors drove these price increases: Firstly, the fall out of Donald…
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Energy Market Update – December 2024
November Recap As Winter 24 got into full swing, prices increased steadily while the temperatures slowly dropped. Month ahead gas prices increased by 16% from month start to month end. Power followed a similar, although slightly less volatile, pattern as it increased by 10.5%. The UK had paid close attention to its gas storage stocks…
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Energy Market Update – November 2024
October Recap In October, gas and electricity prices saw a continued rise from September, then plateaued, before spiking towards the end of the month. The main factors driving these increases were significant developments in the conflicts in Ukraine and the Middle East. In Israel, military action intensified as troops moved into Lebanon to expel Hezbollah…
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Energy Market Update – October 2024
September Recap Contrary to the last update written a few days before month close, a late surge in wind generation saw our turbines beat gas to the final post for the top generator, albeit it was close. September typically marks the second round of Norwegian maintenance. After a somewhat turbulent 2023 maintenance window, the markets…
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Energy Market Update – September 2024
August Recap: August represented a solid month for the fundamentals in the market. Despite the beginning of intense Norwegian gas maintenance at the end of the month, gas supply was healthy throughout the month with little demand, meaning large volumes of surplus gas were redirected into storage. This represented a ~5,000GWh increase on last year’s…
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Could you benefit from the Climate Change Agreement (CCA) scheme?
The government announced the Climate Change Levy (CCL) scheme will be extended until March 2027. The scheme has now reopened to new entrants allowing businesses that have not signed up to save up to 92% on CCL tax, if they carry out one of the many eligible processes – which includes Protected Horticulture. Businesses that…
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Energy Bill Discount Scheme – how will growers benefit?
In September 2022 the government introduced the Energy Bill Relief Scheme (EBRS), which enabled business to access support for energy bills when costs raised above threshold amounts for winter 2023 purchases. This scheme, which allowed many businesses to continue trading during the period of highest energy costs, came to an end on the 31st March…
