January marked the first month in recent periods of bullish momentum across energy markets. Both the Summer26 and Winter26 power contracts had notable gains, closing 8.6% and 6.4% higher, respectively. The month opened with cold temperatures across Europe, increasing short-term demand for gas, and helped push prices higher. Intensifying geopolitical landscape with concern over global supply chains supported the sentiment.
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After ten years of dispute with the Scottish Assessor, the appeal of Old Faskally & Others against the rateable valuations (RVs) imposed on hydro sites by the Assessor, has received a third and final verdict from the Tayside Appeal Committee.