Report
16 Apr 2026
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 March and the forward looking trends, so you can enhance your energy procurement strategy and make decisions with confidence.
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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.
March saw highly volatile energy markets driven by the Iran–US conflict escalation, with the closure of the Strait of Hormuz disrupting global supply and keeping gas and power prices elevated. While ongoing conflict and constrained supply supported bullish pricing, counteracting factors such as potential diplomatic progress, strong European fundamentals, and stable Brent crude oil levels added uncertainty and continued volatility.
To stay up to date with the day-to-day happenings in the energy market, check out our daily market watch report.
March saw an enormous flip in sentiment due to the Strait of Hormuz being closed, marking a historic time within energy markets; a major shift from February where prices tracked lower than usual.”
Callum Taylor
Energy Market Analyst
Zenergi
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