The NBP has continued to fall, with low demand, a healthy supply outlook and weakness in the oil market all pushing prices lower. Storage & LNG levels both remain high for the time of year and four further LNG cargoes are scheduled to dock at UK ports in the next week adding to the bearish outlook. Oil prices have fallen further this week with Brent briefly falling below $50/bbl on Wednesday, a 5 year low. The Summer & Winter 2015 contracts are currently offered at 43.65 & 50.00p/therm. February 2015 & Q2-2015, now the front month and quarter, are offered at 46.50 & 43.90p/therm. Day-ahead is currently 45.75p/therm.
Losses have been recorded across the power curve this week with continuing weakness in the gas, oil and carbon markets all providing bearish impetus. Summer & Winter 2015 are currently offered at £42.65 & £46.50/MWh, with February 2015 & Q2-2015 offered at £40.40 & £42.80/MWh. High wind generation has also pushed the power prompt lower. Capacity is predicted to peak at 7.4GW over the weekend, pushing day ahead below £40.00/MWh.
ESOS Phase 3 deadline – Dates for your diary
The next key date in the diary is 31st December 2022. If your company meets the conditions for ESOS on that date, you must comply.
COP26 – First week pledges coming from the climate conference
As the highly anticipated COP26 climate conference enters its second week, we look back at the key pledges and commitments that have been published so far.
Trident shortlisted for seven TELCA 2021 awards
We are delighted to announce that Trident Utilities has been shortlisted in seven categories at The Energy Live Consultancy Awards (TELCA) 2021.