James Chaplin – one of EDF’s energy traders, explains the latest developments in the UK power market and the outlook for prices

Electricity is expected to fall in price by 3.65p, with gas dropping by 2.75p

Annual average growth of supply is predicted to sit at 5.3% for the next seven years

James Chaplin, one of EDF’s energy traders, explains the latest developments in the UK power market and the outlook for prices

But renewables is the only way to speed this process up, he claims

Gas and electricity prices have rocketed but how does that compare with last year?

This is to combat inflation and stabilise the price of oil

In case you missed the webinar, you can catch up here

Market volatility has continued over the past 3 months, with growing concerns over Russian gas supply and French nuclear availability this winter stoking further uncertainty.

In this week’s Resonance energy market podcast Jeremy Nicholson talks to Alfa’s Dr Petra Puskarova about the continued impact of gas prices on European energy markets.