Resource
05 Dec 2024
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 November 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.
Continuing the general trend of October; November wholesale rates for gas and power were still on the rise, with some suppression appearing in the final week of the month due to the Lebanon/Israel ceasefire and storm Bert’s contribution to increased renewable production in the UK.
To stay up to date with the day-to-day happenings in the energy market, check out our daily market watch report.
Risk management for nearer term periods (Dec-24 to Q1 2025) has been paramount in our decision making throughout November due to the large rises seen over the past month. Prices from Q2 2025 onwards are less attractive at present, but we are still recommending that most customers avoid full risk exposure going into the New Year, given several factors that could add to market volatility, such as Trump’s inauguration and increasing Chinese demand.
Callum Taylor
Energy Market Analyst
Zenergi
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