@BenSpry_ Profile picture

Ben Spry

@BenSpry_

Head of Risk Management Services-Energy HQ at Npower Business Solutions. Follow for updates on UK gas and power markets. https://t.co/atCTyOj3h6

Joined January 2018
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Dec 20 EUA trading over €29/tCO2e. Increased volatility expected over build up to EU summit on the 10th December. Wednesday representatives are expected to meet to discuss EU Climate Law #Carbon #energy #EUA


Strong gains on Carbon and Oil this afternoon following the announcement of a Covid-19 vaccine which is 90% effective by Pfizer #Commodities


Within day power market rallies to over £300/MWh, after National Grid issue a Capacity Market Notice. With prices extremely strong between 17:00 & 19:00 this evening. The market is providing substantial opportunities for our Market Access customers #Power #MarketAccess


LNG cargoes to Europe appear to be slowing. With the Japanese Korean Marker the LNG spot price increasing 40% in the last month. The JKM is now back above $3/mmbtu. #LNG


Carbon drops by more than €1/tCO2e today down to €24.94


UK power Sat 23/05/20 contract trades in negative territory. As weak demand and strong renewable generation see the Grid battle to keep the system balanced.


Carbon prices have fallen to a 6-month low to €22/tCO2e following the crash in oil prices. As the number of new cases of #coronvirus in Europe rise exponentially. #EUETS


Oil prices took a nose dive to $31/bbl as Saudi Arabia said they will be increasing production in response to Russia refusing to agree to production cuts. Brent Crude has since recovered to $36/bbl. #pricewar #SaudiArabia #coronavirus


The pound breaks above the 1.2 level against the euro for the first time since Brexit in 2016. #pound #Cabinet


US Crude inventories increased by 7.5 million barrels last week #oil #crudeoil


UK Gas prices open slightly higher due to an increased risk of cold weather in March. Oil breaks below $60/bbl. #coronarvirus #Weather #oil


In our monthly #EnergyMarketUpdate, Ropa Manyanhaire and Sam Hill are sharing their views on what to expect in 2020. Watch here: youtu.be/Ikg4rgeXWdE via @YouTube


Strong start to the week for UK gas prices, with the Day Ahead and Feb 20 contract trading 1p/th higher at the get go. Prices have opened firmer as the UK’s natural gas network is forecast to be under supplied, as LNG send out dips. #gas #LNG


November's Energy Market Update youtu.be/v_AsinuBPkc via @YouTube


Our latest market update video from the Optimisation Desk featuring Ropa Manyanhaire and Lee Tucker. #Energy #Gas #LNG

In our monthly #EnergyMarketUpdate, November saw Ofgem announce that they'll be suspending the liquidity window and the market making obligation. Watch here for November's Outlook: ow.ly/6cs750xv11T



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