Resource

10 Feb 2025

Monthly Market Report: January

Monthly Market Report: January

6.35%

increase in gas prices.

8.73%

increase in power prices.

Stay informed on the latest trends, news, and forecasts in the UK energy market with valuable insights from our energy market specialists. Understand the developments in January and the forward looking trends, so you can enhance your energy procurement strategy and make decisions with confidence.

Whether you are navigating the complexities of a fixed price contract or exploring a more flexible energy arrangement, our team is here to support you. We offer expertise in continuously monitoring market conditions to provide valuable insights, empowering you to make well-informed decisions. Our tailored approach ensures your specific needs and risk appetites are met.

Gas and power markets remain volatile, with sentiment shifting daily. However, fundamentals are stabilising due to a forecasted supply-demand balance in 2025, mild weather, and easing Middle East tensions, despite rising wholesale prices.

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

Gas and power markets have remained challenging, with industry sentiment changing almost daily. However, underlying market fundamentals appear to be calming.

Callum Taylor

Energy Market Analyst

Zenergi

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