James Chaplin
Wholesale gas and power markets have continued to trade in erratic fashion over the past few months, as market participants grappled with supply risks for this winter.
European energy prices have seen sharp swings through this winter, surging to new highs on several occasions since October.
2021 has bought extreme price movements across commodity markets, with current power market volatility at the highest for at least 13 years. The winter 2021 power price reached down to £42/MWh in March 2020, however recently touched a high of £118/MWh.