UK power and gas prices tumbled in March

UK electricity and natural gas prices tumbled in March, by 15% and 20% respectively. That’s according to the latest data from S&P Global Platts, which suggests milder conditions, longer days and a resuming of French power imports were the main reasons. The power price fell from £49.35/MWh in February to £42.02/MWh in March, with similar declines in the […]

Volatile short term gas prices continue – DMR

Gas and power prices were volatile once again this morning, according to the daily market report from npower. The price of gas for delivery in February had “swings of nearly a penny” while the equivalent price for power jumped around 30 pence. Tim Carter, Client Portfolio Manager at npower’s Optimisation Desk said: “Front month gas […]

Britain ‘no longer an island’ for gas prices

The days of British gas prices being seen in isolation are long gone, according to an academic at the University of Oxford’s Institute for Energy Studies. At an event hosted by National Grid yesterday, Professor Jonathan Stern informed a business audience the “days of thinking about the UK gas market as separate disappeared some time […]

Lithuania to get gas from Norway

Liquefied natural gas (LNG) will be shipped to Lithuania from Norway after a five year deal between its energy company LITGAS Norwergian firm Statoil. LITGAS officials said the deal marks a new natural gas pricing policy for the country, linking to the natural gas price movements on the international markets. Starting in 2015 Statoil will supply […]

Ships used as “floating gas storage” to avoid Ukraine risk

Prices for UK gas could be boosted if tanker owners use their ships as floating storage for liquefied natural gas (LNG). The possibility of the move on the back of fighting in eastern Ukraine was noted in a daily market report today. Steven Walker, Client Portfolio Manager at npower said: “News yesterday of some LNG players […]

The Market Report June 27th

Watch npower’s Magali Hodgson as she brings you the latest power market news