Energy Market Update - January 21 2025

The theme of the first month in 2025 has been one of volatility and uncertainty with the markets showing rises in cost as a result. Week commencing 20th January saw all eyes on the USA with the Trump administration taking office and making significant and immediate changes.

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Daniel Lunn
Energy Market Update - January 14 2025

With the UK temperature plummeting, this increases the demand for gas so it’s likely that prices will remain at this level for the next week at least. Temperatures now look to be returning to seasonal norms and despite reports of the UK’s gas storage being low, the markets are still looking positive with recent LNG shipments into UK and Europe.

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Daniel Lunn
Energy Market Update - November 2025

September and October have seen a period of volatility due to the escalating conflict between Israel and Iran which has seen multiple military strikes from each side. The markets closed at higher than average levels on Friday 25th October as colder temperature forecasts for early November and continued concerns around activities in the Middle East pushed the prices up.

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Daniel Lunn
Energy Market Update - September

August saw a rise in wholesale costs as tensions between Israel and Iran continued to grow and the conflict in Ukraine/Russia rages on. However, September has seen prices fall and with temperatures in the UK set to be above average for the next fortnight, it could see prices hold further.

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Daniel Lunn
Energy Market Update - Friday 4th August

Recently gas and electricity prices have fallen to the lowest level we have seen in the last 18 months as demonstrated in the graphs below. Customers with contracts up for renewal between now and April 2024 would be strongly advised to look at arranging renewal contracts.

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Daniel Lunn
Energy Market Update - Friday 21st July

Recently gas and electricity prices have fallen to the lowest level we have seen in the last 18 months as demonstrated in the graphs below. Customers with contracts up for renewal between now and April 2024 would be strongly advised to look at arranging renewal contracts.

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Daniel Lunn
Energy Market Update - Friday 14th July

In the last two weeks gas and electricity prices have fallen to the lowest level we have seen in the last 18 months as demonstrated in the graphs below. Customers with contracts up for renewal between now and April 2024 would be strongly advised to look at arranging renewal contracts.

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Daniel Lunn
Energy Market Update - Friday 7th July 2023

The race between European and Asian buyers of Liquified Natural Gas (LNG) to secure long-term supply agreements with the US is driving investment into new LNG projects, which will in turn help boost a market that is potentially facing a supply shortage.

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Daniel Lunn
Energy Market Update - Friday 30th June 2023

ESO (Electricity Systems Operator) has confirmed it will have no coal-fired power as back-up this winter, if needed. Last winter, there were five contingency units on call. The ESO had said that it remained in talks with EDF and Drax about keeping their coal-fired generation on its standby contracts.

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Daniel Lunn
We're Hiring!

We are looking for an Energy and Sustainability Manager to work with the Dukefield Energy team to drive growth of our energy management services to new and existing customers.

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Sarah Dungar
Energy and Trade Intensive Industries Scheme

The government has recently announced a new energy bills discount scheme specifically for energy and trade-intensive industries (ETIIs). Eligibility for the scheme was assessed on the criteria of Energy and Trade intensity with sectors being required to pass through both thresholds to be eligible for ETII support. 

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Daniel Lunn