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2023 sees lowest gas usage in the UK since 2015

Although gas remained a significant source to generate electricity in 2023, its usage hit a low not seen since 2015. Gas remains a significant role as the largest fuel...

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Strong LNG supply counters above average demand

Gas prices were divided on Wednesday as strong LNG supply countered above-average demand. Minimal gains were posted on the prompt while contracts further out continued...

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High storage levels across Europe helps combat the cold snap

High European storage levels and an uptick in renewable energy generation combined to further help gas prices on Tuesday. Contract prices across the curve posted modest...

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Strong supply fundamentals provides confidence as cold snap continues to bite

Despite the current cold snap, wholesale gas prices went down on Monday, helped by strong supply fundamentals. All curve contracts posted losses when compared to their...

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Cold weather continues to pressure wholesale price

Gas prices continued to edge higher on Friday as unseasonably cold weather continues to bite. A combination of cold weather and a bullish oil market dominated with the...

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Unseasonably cold weather drives prices up

Gas prices edged higher on Thursday amid tumbling wind generation and forecasts of unseasonably cold weather. The biggest moves were posted across the prompt and...

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Colder weather and geopolitical tensions drive prices up

Forecasts of cold, calm weather combined with escalating geopolitical tensions combined to increase gas prices on Wednesday. The biggest gains were posted across the...

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Prices drop further amid healthy gas storage levels

Gas prices plunged even further on Tuesday helped by plentiful European storage and a bearish wider energy complex. The biggest losses were once again observed at the...

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Subdued demand and strong LNG supply helps keep prices in check

Subdued demand and a positive LNG outlook helped gas prices during the holiday period. Key contracts once again posted the biggest losses with the February-24 contract...

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Household energy price cap forecast to drop 14% in April 2024

Cornwall Insight are predicting that the April 2024 default tariff price cap will go down by a 14% in April 2024, projecting an annual cost of £1,660 for a typical dual...

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