Key Issue News

August Lull


Gas and Power markets remained relatively soft throughout August.

Overview

Strong storage levels, robust renewable generation and easing summer demand contributed to overall stable fundamentals. Markets continued to keep a close eye on geopolitical developments concerning the Russia and Ukraine conflict. Meetings between the US and Russian presidents, Trump and Putin, saw markets rally however, no progress materialised. Varied wind generation saw some upticks in gas for power demand but largely balanced with revised forecasts at the end of month.

Power

Season ahead contracts saw a downward trend for most of August. Power prices have been sensitive to varied wind generation.

Gas

Gas prices also remained steady this month. Current storage levels put Europe in a stronger position than anticipated as we approach winter, with EU gas storage at 77% fullness. Outages in Norway constrain some supply availability, though robust imports from Europe keep supply stable.

Looking ahead

  • Stable supply/demand outlooks keep market movements steady for now
  • Russia/Ukraine peace deal has had no further progress and seems unlikely at present; any changes to this could significantly influence markets
  • Temperatures are lower as we head into September, but remain above seasonal levels

The Greenspan Agency produce this report on a best endeavours basis, and it has been supplied for your interest; the facts in this report should not be relied upon for decision making. If you have any queries about the content in this report, please contact bureau@greenspanenergy.com

Contact Alba Energy
Membership

Want to become
a member?


Membership is open to all privately owned hydro development schemes at both the development and production stages of their life. The organisation is self-funding and it has been agreed that an annual subscription will be levied and reviewed annually.

Membership
Contact Us

Send us a message
or enquiry


Alba Energy
5 Whitefriars Crescent
Perth, PH2 0PA


Contact
E: Ian.Craig@azets.co.uk
T: 01738 441 888


"*" indicates required fields

This field is for validation purposes and should be left unchanged.