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16 Jul 2024

Monthly Market Report: June

Monthly Market Report: June

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

In June, gas contracts fell by 1.07%, while power prices saw a 3.77% decrease (12-month profiled cost). Throughout the month, market conditions slightly softened due to an improving supply picture and continued low demand from the UK and Europe.

market watch june report preview

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.

Overall, for July, we maintain a bearish outlook on the market as prices remain at relatively elevated levels. Consequently, our recommendation has remained unchanged.

Connor Hawkridge

Risk Manager

Zenergi

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