UK Energy Pricing Trends - Sep. 2020

Nearly 100,000 additional COVID-19 cases were confirmed in the U.K. throughout September in a worrying acceleration that saw cases rise three times faster than in August. The U.K.’s nascent economic recovery was already under threat as the post-lockdown recovery lost momentum, and with new restrictions put in place by the government to try and control this latest surge, the economic outlook turned even gloomier as the Autumn looms.

Further exacerbating the uncertainty is the rapidly approaching Brexit deadline which looks increasingly likely to arrive without a deal being struck between the two sides. Moreover, the Chancellor of the Exchequer Rishi Sunak looks to relieve the tax payer’s current burden of supporting the jobs market, paving the way for spikes in unemployment in late-2020 and early-2021 as the U.K. moves to a more selective income support scheme from November 1st.

The bearish headwinds and ongoing uncertainty have weighed on the U.K. energy market, with annual gas and power falling month-on-month. Gas fundamentals remain largely bullish, however, as they did throughout August, which has limited the losses in gas futures. U.K. power futures end the month firmly in the red, feeling weight of both the deteriorating economic outlook and month-on-month declines in carbon EUAs.

The information above is an excerpt from the applicable report referenced above. For a full and complete copy of this report please complete the form below, sign up for our newsletters or schedule a virtual meeting at your convenience.


Charlie Strange

Get The Full Report Delivered To Your Inbox

Fill out the form below and we'll send you the full report.

1 Your Details

2 Company Details

By submitting this form you agree to let NUS follow up with you related to your inquiry. Your information will be used for these purposes alone, we never buy, sell, or trade your personal data. For more information, please see our Privacy Information.