On Tuesday wholesale Gas and Electricity prices rose as a result of global geo-political tensions.

This is to be expected and not a cause for concern long term when we expect prices to continue to drop.

Gas: Gas prices strengthened yesterday over geopolitical concerns. Tensions between the US and Russia rose as the US threatened further sanctions in response to Russia’s lack of progress in peace negotiations with Ukraine. Power: Power prices rose yesterday, tracking gains the gas market. In the day ahead, prices softened in response to a strong renewable output from solar and wind of 3.2GWs and 8.9GWs respectively. Oil: Oil prices proved to be volatile yesterday as countries try to lead last minute negotiations with President Trump over the tariffs due to hit the market today, with additional secondary sanctions on Russian oil. President Trump has threatened a 25%-50% tariff on any country that imports Russian crude. Carbon (EU ETS): The ICE Dec-25 closed at €69.86/t yesterday. After a bullish start to trading this morning, the contract has reverted by to €69.87/t. Carbon (UKAs): The ICE Dec-25 rose to £45.89/t yesterday. The contract is currently trading at £45.41/t this morning.

#gas #electricity #businessutilities #businessgas #businesselectricity