Eni announces new gas discovery offshore Egypt

According to preliminary estimates, Great Nooros Area discovery may contain in excess of 4 trillion cubic feet of gas Italian energy giant Eni on Wednesday announced a new gas discovery in the conventional waters of the Nile Delta, offshore Egypt in co

BP unveils transformation strategy, energy outlook

BP started on Monday the so-called bp Week, series of capital markets presentations over the next three days promoting its transformation from an international oil company (IOC) to an integrated energy company (IEC). CEO Bernard Looney said the company

Ofgem ‘could save consumers a further £1.7bn in next network price control’

Ofgem could save consumers a further £1.7 billion during the next set of energy network price controls (RIIO-2). That’s the claim from Citizens Advice, which in 2017, found energy networks […]un That’s the claim from Citizens Advice, which in 2017, fou

STATISTICS

Markets 30/4Tuesday 1/5Wednesday 2/5Thursday 3/5Friday 6/5Monday 7/5Tuesday Var D-1 Var W-1 Avg. Max Min
Electricity
UK Cal 2025 base (GBP/MWh) 76.55 76.53 79.97 79.28 79.28 80.39 1.40% 5.01% 74.07 86.23 64.81
Oil
Brent USD/bbl (USD/bbl) 87.86 83.44 83.67 82.96 83.33 83.16 -0.20% -5.35% 83.58 91.17 75.89
Economics
Rate GBP/EUR (GBP/) 1.17 1.17 1.17 1.17 1.17 1.17 -0.17% -0.38% 1.17 1.18 1.15

MARKET PRICES & TRENDS

UK Cal 2025 base (GBP/MWh)80.39
UK Q+1 base (GBP/MWh)69.58
NBP Q+1 (GBpence/therm)77.78
Brent (USD/bbl)83.16
Rate GBP/EUR1.17
UK spot base (GBP/MWh)77.27
NBP spot (GBpence/therm)75.8

HEDGE REPORTING

Test Power contract 2 years

VaR

2,855,849 GBP

Spent

7,237,718 GBP

AVG price: GBP/MWh

126.09