January Energy Newsletter

Unseasonably low temperatures in Europe have caused a notable decrease in both power and gas prices as markets anticipate rising demand. Reduced wind speeds, falling below average, are expected to persist. Despite expectations of increased withdrawals, reserves remain robust at 86.07%, ensuring a steady supply. The arrival of 14 LNG cargoes by January 20th is poised to further stabilize prices, counteracting the impact of heightened demand due to colder weather.

It is crucial to recognize the inherent volatility of the energy market, influenced by factors like weather conditions, currency fluctuations, and shifts in supply and demand. Given the current upward trend in prices, it is advisable to consider evaluating rates sooner rather than later.