We understand the business energy market can be challenging.
Our specialists compile a Market Drivers report each month.
We have highlighted Bearish drivers, expected to contribute to the market lowering, and Bullish drivers, expected to contribute to the market going higher.
Click here to discuss your business energy challenges.
- Bearish Drivers
- Another monthly record forecast for LNG send out.
- Softer heating demand in both UK & North West Europe with temperatures remaining mostly above or around normal.
- North West Europe storage inventory to end March above 2018 levels and back in the 5-year range.
- Potential de-escalation at the Ukraine border would lead to de-risking across the near curve.
- Strong levels of wind generation are forecast to continue into March in both UK and Germany, gas for power demand remains lower than normal.
- Industrial demand in both NWE and UK remains impacted by the high price environment.
- Bullish Drivers
- Risk for colder weather than currently forecast and subsequent ramp-up in demand.
- North West Europe LNG send out may be impacted by Qatar maintenance and or cooler temperatures in Asia.
- Any escalation in the Russian-Ukrainian conflict, if Russia does invade, prices would surpass the previous highs observed in Dec and NS2 would no doubt be sanctioned.
- Any unplanned outages on the NCS and UK Continental Shelf after a relatively unplanned maintenance-free start to the year.
- Any further outages on the much-maligned French Nuclear sector.