UK Energy Market Watch
Energy Market Watch
Current UK Energy Market Prices
Energy prices change daily and the unpredictable nature of the industry means it is difficult to know when the right time to buy is. Our expert consultants use their experience and real-time analysis to help determine the best time to secure a new contract at the best value rates, limiting the impact of energy market volatility. Zenergi’s energy procurement service is a comprehensive solution which not only helps to achieve competitive gas, electricity and water rates but can provide a range of reporting tools to ensure energy waste is kept to a minimum.
Our daily UK energy market analysis from our team of energy consultants allows anyone to keep track of the energy market and identifies changes in fundamentals which may impact UK energy prices in the future, allowing business energy users to make more informed and confident decisions.
The market continued to decline in April, with losses on the power market seen far more, at nearly three times that of the gas market. Power fell 9.2%, gas 3.3% in a strong bearish month on prices. It has been a month of small sustained losses, with reduced volatility.
The market continued to decline in March, but at a reduced rate compared to the previous months. Gas saw a 2.3% loss in value, with power seeing slightly more losses at 3.7%. Though the figures would indicate settled market conditions, we did see plenty of intra-month volatility.
The market continues its downward streak in February, but at a reduced rate, with month-to-month losses of 16% on the UK gas market, and 11% losses on power.
February was a month of reduced volatility compared to what we are used to seeing, with the market trying to settle at this price range. Still, an overall bearish month.
Another month of substantial losses in the markets over January, with wholesale prices falling by 25% on gas and 27% on the power market. Prices trended downwards all month, but most of the heavy losses occurred at the start of the month, carrying on from December's trend. Overall, prices are 80% from all time highs in August, and 50% down in the last two months.
Substantial losses in the markets over December, with wholesale prices collapsing by 43% on both gas and power markets. The majority of losses occurred in the second half of the month, making the fall in value even more dramatic and rapid. Below we outline the key market drivers of the month.
Little change in the markets month to month, with gas gaining 3.4% and power down 0.7%. A rarity to see these two markets move in opposite directions, but they just about did in November. Despite the small changes in values, plenty has happened in the energy world to take note of over November.
Substantial losses in the markets over October, with prices roughly losing 1/4 off valuations as concerns begin to ease. For the first time this year, we have bearish factors outweighing the bullish ones.
After a record breaking gain last month, of over 50%, a mere 7% drop may not be cause for cheer. But it is finally a shift in market momentum we have not seen in a very long time. As the previous page shows, gas prices were down 7.1%, while power prices slightly greater at 9.5%.
We have witnessed the highest gains ever recorded in a month over August, with a 50% gain in both commodities. Prices ran up relentlessly, before pulling back on the last day of the month as a number of bullish factors pushed prices to newfound heights.
July is yet another month of dramatic price rises. Notably, we have seen power wholesale prices surge 43% to break into all-time high valuations. Over the last two months, we have seen energy prices nearly double. Simply put, wholesale costs are ten times higher than they where in 2020.
June has seen a dramatic rise in prices, which has followed on from a period of settled market prices. We have seen a 35% gain in gas prices and 22% in Power. What this means is prices are close to all-time highs once more, nearing levels we saw at the start of March.
Following falling prices in April, May has seen a modest rise of around 5% in each commodity. The volatility in the markets is still present, but easing off from the heights we saw over March. Over the last three months, prices are relatively unchanged, with no long term trend in movement.
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