A softening in near term gas and power prices, but winter still holds up

In this week’s Resonance energy market podcast episode, Jeremy Nicholson talks to Alfa’s Daniel Veasey as prices soften ahead of the summer.

Topics explored include:

• Softening of near-term pricing while winter prices hold.
• Economic data impacts oil prices, despite OPEC cuts.
• With LNG delivery at record levels, do falling prices risk supply being diverted to Asia?
• While supported in recent weeks with increased rainfall and wind power generation, sensitivities around the impact of a mild winter on hydro remain.
• If the Russia and Ukraine war escalates, risk remains over LNG supplies to Europe.
• As energy prices in Europe fall, is a recovery in industrial demand underway?
• UK energy intensive industries are advised to explore government support now.

This episode of the Resonance was recorded on 4th May 2023.

Resonance Podcasts

Resonance is an Alfa Energy Group podcast series where we explore some of the latest insights from the energy and sustainability sector as it goes through a significant transformation. Fuelled by new challenges, new ideas and new technologies, we discuss what it means for businesses to realise their energy and sustainability ambitions.

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