What the key drivers that are influencing the market at that time…

July 8, 2022

Demand – Demand for light, cooling and heating corresponds with a variety of economic, technological, and efficiency measures.

Supply – Energy from coal, nuclear, gas, oil, and renewable sources reacts quickly in response to the available supply.

Storage – The difference between supply and demand.

Weather – Actual weather events, as well as weather forecasts, affect market prices.

Generation changes – Changes to energy-generating facilities.

Imports and exports – The transfer of energy across borders and the political interactions involved.

Global markets – Major changes in global supplies can affect the UK’s domestic energy costs.

Government regulations – New or changes regulations can impact supply and demand costs significantly.