Resource

12 Jun 2024

Monthly Market Report: May

Monthly Market Report: May

Stay informed on the latest trends, news, and forecasts in the UK energy market. Gain valuable insights from our energy market specialist regarding May’s developments. Enhance your energy procurement strategy and feel assured about your market positioning as you move into June.

Despite continued low demand, markets have surged due to supply constraints and overall negative market sentiment. In May, gas contracts rose by 14.67%, while power prices saw a 16.34% increase. Take a deep dive into the key drivers our experts saw within the market over the May period.

Whether you are looking for a fixed price contract and want to ensure you are buying at the right time, or are embarking on a more flexible arrangement, our team are here to support you with our energy procurement service.

We are energy industry experts dedicated to continuously monitoring market conditions on your behalf. We play a crucial role in delivering valuable insights and empowering you to make well-informed decisions. With a deep understanding of your needs and risk appetites, we tailor our approach to suit your requirements.

To stay up to date with the day to day happenings in the energy market, check out our daily market watch report.

It’s important that we don’t become desensitised to price rises and continually compare rates to energy crisis levels. The wholesale market has demonstrated that it can go much lower than its current levels, having climbed over 40% since the lows in February (12-month profiled cost).

Connor Hawkridge

Risk Manager

Zenergi

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