April Price Hikes: What Businesses Really Need to Know
April 16, 2025
Nuclear Outage Season – Worry or Routine?
April 24, 2025
UK Energy Market Summary to Friday 18th April 2025
Closing prices 18.04.2025
The British spot gas price climbed by over 4% to 2.9 P/kWh on Wednesday, supported by colder weather forecasts and technical buying ahead of the Easter break. However, near-term gains were capped by steady LNG supply.
A veto of the proposed Russian LNG ban, due to resistance from some EU member states, lent support to prices on the forward curve. As a result, the Winter 2025 delivery contract climbed by around 1% to 3.3 p/kWh, despite improved supply conditions.
At time of writing, European gas storage levels are 37% full, with the UK 27% full. European gas storage levels are trending just below the 5-year average throughout 2024. Over the past week gas has accounted for 26% of the UK generation mix with wind accounting for 27%, solar 8% and nuclear accounting for 14%. Below summarises curve prices as at close of business on Friday.
Curve UK Gas & Electricity Markets
Other Energy Markets
Crude oil prices soared by nearly 2% on Wednesday, amid renewed supply concerns, following fresh U.S. sanctions aimed at curbing Iranian oil exports. The measures targeted Chinese buyers, including a small independent refinery, as part of efforts by President Donald Trump to push Iranian exports toward zero.
European carbon prices rebounded on Wednesday after data showed funds had shed most of their net long EUA positions accumulated since February. However, concerns about the impact of tariffs on the EU’s GDP limited further gains.