Temperatures falling below the seasonal normal earlier this week saw the UK’s gas and power systems tighten. This is expected to return to normal next week, according to Inenco’s Y Report. Wind speeds have also declined this week, meaning generation has fallen to just under 2GW, down from record highs of over 8GW last week. This has tightened minimum supply margins […]

Inenco brings you the weekly Y Report. A personal update of the world of energy.

Businesses are being advised to consider fixing a much longer supply agreement than what they are used to. Dorian Lucas, Energy Trader at Inenco said: “Over the last few years, a 12-month contract would have done you very, very well, constantly fixing at the bottom of the market. “However, looking at a more volatile commodity […]

Inenco brings you the weekly Y Report. A personal update of the world of energy.

Inenco brings you the weekly Y Report. A personal update of the world of energy.

Temperature is going to be key in driving prices this week, according to Inenco’s Y Report. Revised forecasts of warmer weather mean demand is likely to fall slightly in the near future. On top of this, 3.5GW of French nuclear capacity is expected to come back online this week, which is likely to see export demand to France […]

Oil prices have been volatile over the last few weeks due to changes in supply and demand fundamentals looking forward. At the end of November, OPEC announced production cuts, which saw prices rise by as much as $10 (£7.87) to 18-month highs. This could continue, according to Inenco’s Y Report. The French nuclear situation looks ‘more optimistic’ as EDF has announced three reactors will be […]

Inenco brings you the weekly Y Report. A personal update of the world of energy.

The key driver for both gas and power this week is temperature. In contrast to last week, this week’s temperature is forecast to be above the seasonal average. This is likely to depress gas and power demand, according to Inenco’s Y Report. A recent lack of LNG has been pushing prices higher, although an expected cargo mid-week should increase supply over […]

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