Gas market trends What’s been happening? Day-ahead gas prices rose across the month, up 6.5% to average 54.4p/th. On 28 February, prices hit a five-year high (105.0p/th) The month-ahead (March) gas contract lifted 1.9% to average 51.8p/th, rising from 50.8p/th the previous month Throughout February seasonal contracts decreased from...
Businesses are increasingly considering the possibilities of utilising the flexibility in how they use energy to secure financial benefits. This has been encouraged in recent years by system operator National Grid’s Power Responsive initiative. The campaign seeks to harness the potential of I&C energy users, small-scale generation and electricity...
The “Beast from the East” hit Europe towards the end of February, causing a surge in gas and power demand, with day-ahead gas and power prices experiencing extraordinary spikes. A series of gas supply and power plant outages only acted to exacerbate price rises. Day-ahead gas prices across the...
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