Energy Market Update

Russia & Ukraine Reach Gas Deal

Gas transit hub Ukraine has agreed a gas supply agreement with Russia, the EU’s largest outside supplier. The announcement has resulted in relief for the rest of Europe, as it means a gas flow disruption has been successfully avoided this coming winter. Inspired Energy Risk Manager Nick Cambell spoke to Bloomberg Business, stating that the agreement “has undoubtedly… Read more »

Mandatory Half-Hourly Settlement for Profile Classes 5-8

By 1st April 2017, all non-domestic consumers with meter Profile Classes 5-8 will be required to have half-hourly metering. This is due to the, ‘Balancing and Settlement Code Modification P272: Mandatory Half-Hourly Settlement for Profile Classes 5-8’. What is the Balancing and Settlement Code? The Balancing and Settlement Code (BSC) was introduced as part of… Read more »

Dungeness-B Keeps Energy Prices in Check

The scheduled return of the Dungeness-B nuclear reactor kept power prices suppressed in the face of early gains in their gas counterparts. System tightness caused by reduced gas flows was also partly offset in the wholesale power market thanks to consistent wind output and improved forecasts. Day Ahead was able to trade flat from Friday’s… Read more »