Sign in to the Open platform for instant MIHere’s the latest Open Market Snapshot – the weekly update that keeps commercial buyers to up-to-speed with UK energy markets.

It’s just part of the Market Intelligence we publish every week, including our in-depth Open Market Report and the twice-daily market notifications available for every user of our Open platform.

Open Market Intelligence comes straight from our Performance Traders – it’s the same insight that backs our Open Performance Fund and helps our customers locate and secure the best energy contracts, no matter their buying type.

> Market Snapshot: 18 February 2019

Open Energy Market Snapshot

Currency: Sterling vs Euro

Market Snapshot Sterling 20190218

Economics

  • As the 40 days Brexit count down begins; KPMG sees the chances of a Brexit deal at 55%, no-deal at 30% and no-Brexit at 15%
  • UK trade talks with Japan have run into difficulties, as China cancelled talks after the UK threatened to send an aircraft carrier to the South China Sea
  • The Shanghai Composite Index gained 2.68% on Monday as Trump praised a very productive trade negotiations with China

Brent Crude Evolution

Market Snapshot Brent 20190218

Oil

  • News that the US and China may reach a trade deal is supporting oil prices at the start of the week
  • The US is delivering aid to the Colombian border with Venezuela and creating a growing standoff with the Venezuelan regime
  • Saudi Arabia plans to cut oil production beyond its commitments to Opec in an effort to support oil prices

UK Gas (Summer’19) – [indicative of the Power Market]

Summer 2019 Gas 20190218

Gas & Power

  • European gas storage levels are 19% above last year’s levels at this time
  • The two week temperature forecast shows conditions up to 5 degrees above seasonal norms across Western Europe through the end of February
  • Landed UK LNG prices are on a par with competing LNG importing countries in Asia (Japan and China)
  • Power prices are closely following gas prices

The insight that powers our Open Performance Fund’s market-beating results

The Gas and Power fund that brings our performance to your portfolio

http://info.openener.gy/performance-tradingWe developed the Open Performance Fund as a new route to flexible energy contracts. It’s a simple model that targets performance, sharing the savings with our customers. A growing number of fund members have confidence in our risk-managed approach as well as our constant performance.

And performance is key. We not only publish our seasonal results; we’re the only energy consultancy with independently verified historical performance in the energy consulting industry, we’ve outperformed the market for over two years.

Built by industry experts, with the input of energy users, the benefits are clear:

  • Access the wholesale energy markets through the Fund driven by performance
  • Our Fund members have confidence in published results and live tracking through the Open platform
  • Our unique shared savings structure keeps the emphasis on performance and the benefits for energy buyers
  • 100% out-performance since the fund’s inception with all results Independently verified by a Top-25 City firm

 Learn more about our Open Performance Fund and see the latest results

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By | 2019-02-18T13:57:34+00:00 February 18th, 2019|Market Snapshot|