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

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

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.

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 case you missed this live webinar, you can catch up here

European energy prices have seen sharp swings through this winter, surging to new highs on several occasions since October.

European energy prices have soared to unprecedented levels over the past few months, with gas and power supply concerns continually adding risk premium to the market. 

In case you missed this live webinar, you can catch up here

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.

Six in 10 managers responsible for energy performance in buildings believe that artificial intelligence (AI) could transform the way they interpret data to improve efficiency.