Mubeen Hafeji
Leicester, England, United Kingdom
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Octopus Energy Services
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Jonathan Howells
Morning Briefing 26/06/2024 Day ahead (DA)/Intraday ·Demand is currently at approx. 27.5GW and due to peak this evening at 28.8GW. ·DA markets auctioned between £65 - £114 yesterday for today. ·Baseload auctioned at @ £84.19 in the 1hr and £84.79 in the 30min auction. ·Wind generation is currently at 1.4GW and due to climb over 9GW this evening and continue up to 16GW tomorrow. Solar is due to peak at 9.8GW at midday. ·Current intraday power price at time of writing was £106.28/MWh with gas providing 36.4%/10.56GW, wind providing 7.1%/2.06GW, solar providing 10.4%/3.02GW and nuclear providing 18.1%/5.27GW of UK demand. ·DA gas is currently trading at 83.00p/th (2.83p/KWh) ·DA power is currently trading at 68.50/MWh (6.90p/KWh) Month ahead (July 24) ·July NBP gas is currently up 0.69% at 82.15p/th (2.80p/KWh). ·July TTF gas is currently up 0.77% at €35.12MWh. ·July UK Baseload closed at £73.50/MWh (7.35p/KWh) ·UK gas prices climbed slightly again yesterday, with the DA price closing 0.61% up due to the weak renewable sector. Along the curve, the market reacted more, with the Win24 contract up 1.29% on slight worries of supply over the peak demand season. ·UK power prices again followed the gas sentiment, with the DA price up 2.53% due to the forecast low wind generation for today. Along the curve, the Win24 contract was up 0.95% on worries over future supply for the upcoming peak demand season and into winter. ·According to Gassco AS, there is an unplanned outage at the Visund asset this morning, with an unavailable capacity of 12.6mcm. ·Capacity from Denmark to the UK over the 1.4GW Viking Link increased from 800MW to 1GW from yesterday, capacity from the UK to Denmark will remain at 1.1GW. ·Oil prices are up this morning, despite a surprise jump in US stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. ·Latest forecasts continue to show temps to be above seasonal norms for the coming days and then fall slightly to averages. ·We are expecting 1 LNG cargo in the coming weeks. ·UK Gas prices as of Tuesdays close - o Month ahead 81.59p/th (2.78p/KWh) up 2.38% DoD* o Q4 24 98.02p/th (3.35p/KWh) up 1.36% DoD o Winter 24 100.75p/th (3.44p/KWh) up 1.29% DoD ·UK Power prices as of Tuesdays close – o Month ahead £74.25/MWh (7.43p/KWh) up 2.77% DoD* o Q4 24 £85.95MWh (8.60p/KWh) up 0.73% DoD o Winter 24 £89.05MWh (8.91p/KWh) up 0.95% DoD *DoD = Day on Day All prices and info correct at time of writing. Eco Logic Partners Jason Gary William Sam Karl Martin Chart credit - e*star #energy #power #gas #markets #renewables #wind #lng #energymarkets #norway
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Play It Green | Certified B Corp
🌿 Ready to lead your business into a sustainable future? Our new article gives you 3 actionable steps to integrate on-site renewable energy solutions: 1. Assess your energy needs with a comprehensive audit. 2. Explore financial incentives like the UK Feed-in Tariff and Renewable Heat Incentive. 3. Partner with experienced providers to ensure success. At Play It Green, we provide our members with education and actionable advice to reduce their environmental impact. 💚🌍 Discover how your business can benefit from renewable energy. 💨☀️ Learn more and read the full article using the link below. 👇 #Sustainability #RenewableEnergy #GreenBusiness
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Energies Invest
EDF launches new tariff to undercut energy price cap by £50 EDF has introduced a new fixed tariff that promises to be £50 below Ofgem's price cap, offering a discounted standing charge to all customers 🔗 Read more: https://lnkd.in/ecpbNwGm 🌐 Visit: https://lnkd.in/etJGmpAS Learn more about our project financing. Powering Progress, Investing in Energy. #energy #markets #projectfinancing
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Chris Ayres
This weeks energy news from Power Audit UK. If point one is a concern to your business with a 12.6% increase on energy costs versus the last quarter, you should get in contact with Power Audit who will assist on both energy procurement and help business reduce energy usage and carbon reduction with net zero initiatives and esteemed partners in renewable technology. That’s a win-win in my book.
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Frazer Graham
🚨 Solar Energy UK calls for 50GW of solar and 30GW of zero-carbon energy storage by 2030! 🚨 In their new manifesto, they urge the next government to publish a roadmap within 100 days to achieve this ambitious target. With current capacity at 20GW solar and 8GW storage, these goals align with the UK's 2035 target of 70GW solar. Overcoming planning inconsistencies and boosting investment are crucial factors. Utility-scale developments for solar and battery storage offer opportunities which the government could support, particularly via the creation of a national target for the technology. Solar Energy UK CEO Chris Hewett emphasised the need to set an energy storage target to facilitate new renewable energy generation technologies. The UK energy industry has entered a period of huge growth with ambitious targets, meaning there will be opportunities at mass for skilled labour. If you are keen to discuss Construction/Site Management opportunities on projects across Solar and Battery Storage, drop me a message! #SolarEnergy #RenewableEnergy #NetZero #GreenJobs #EnergyStorage #UKClimateAction
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Jonathan Howells
Morning Briefing 25/06/2024 Day ahead (DA)/Intraday ·Demand is currently at approx. 27.4GW and due to peak this evening at 28.7GW. ·DA markets auctioned between £60 - £115 yesterday for today. ·Baseload auctioned at @ £82.11 in the 1hr and £82.21 in the 30min auction. ·Wind generation is currently at 1.3GW and due to climb to 3.3GW this evening and then climb to over 11GW tomorrow evening. Solar is due to peak at 8.9GW at midday. ·Current intraday power price at time of writing was £94.59/MWh with gas providing 36.0%/10.43GW, wind providing 4.2%/1.21GW, solar providing 10.1%/2.93GW and nuclear providing 17.4%/5.05GW of UK demand. ·DA gas is currently trading at 80.03p/th (2.73p/KWh) ·DA power is currently trading at 81.00/MWh (8.10p/KWh) Month ahead (July 24) ·July NBP gas is currently up 1.96% at 81.25p/th (2.77p/KWh). ·July TTF gas is currently up 2.16% at €34.80MWh. ·July UK Baseload closed at £71.00/MWh (7.10p/KWh) ·UK gas prices were relatively flat most of yesterday but rose in the afternoon due to the forecast lower renewables, with the DA climbing 2.24%. Along the curve, the market was fairly unchanged, despite some unplanned Norwegian outages and new from EU council had adopted its 14th sanctions package against Russia, with the Win24 contract up 0.11%. ·UK power prices followed a similar trend to the gas market, with the DA price climbing nearly 6% due to the forecast of low wind generation today. Along the curve, the prices had support from the gas market, with the Win24 contract climbing 0.8%. ·According to Gassco AS, there are 2 unplanned outages this morning which is reducing Norwegian flow by 12.1mcm. ·Oil prices are little changed this morning after rising yesterday helped by expectations of increased fuel demand tis summer, but investors were cautious ahead of US consumer price data. ·Latest forecasts show temps to be over seasonal norms for the coming days and then drop more in line with averages towards end of the week. ·We are expecting 1 LNG cargo in the coming weeks. ·UK Gas prices as of Mondays close - o Month ahead 79.69p/th (2.72p/KWh) up 0.68% DoD* o Q4 24 96.71p/th (3.30p/KWh) up 0.02% DoD o Winter 24 99.47p/th (3.39p/KWh) up 0.11% DoD ·UK Power prices as of Mondays close – o Month ahead £72.25/MWh (7.23p/KWh) up 0.28% DoD* o Q4 24 £85.32MWh (8.53p/KWh) up 1.00% DoD o Winter 24 £88.21Wh (8.82p/KWh) up 0.80% DoD *DoD = Day on Day All prices and info correct at time of writing. Eco Logic Partners Jason Gary William Sam Karl Martin Chart credit - e*star #energy #power #gas #markets #renewables #wind #lng #energymarkets #norway
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SmartestEnergy UK
Did you know 53.3% of the UK’s total generation capacity now comes from the independent sector? ⚡ Download our UK Renewable Independent Sector report for a snap-shot of the UK independent generation market and to find out how their current contribution to the generation mix is bridging the gap to the future energy system. 👉 Download the report here: https://lnkd.in/e4mHNBtA #RenewableEnergy #IndependentGenerators #NetZero #Decarbonisation
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The Business Energy Savings Team 💡🔥💧
An article on Energy Live has highlighted how consumer groups and energy firms are advocating for Ofgem to reconsider lifting the ban on acquisition-only energy tariffs, citing concerns over fairness for existing customers and potential loyalty penalties. Read more 👉 https://bit.ly/3XW6PqO ✉️ info@businessenergysavingsteam.com 📱 0333 2008 666 #energysavings #energybills #saveonenergy #businessavings
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Jonathan Howells
Morning Briefing 15/04/2024 Gas prices are negative this morning, probably on profit taking, despite the drop in supply due to n unplanned outage at the Nyhamna gas plant. Day ahead (DA)/Intraday ·Demand is currently at approx. 29.9GW and due to peak this evening at 30.9GW. ·DA markets auctioned between -£4 - £82 yesterday for today. ·Baseload auctioned at @ £27.05 in the 1hr and £29.95 in the 30min auction. ·Wind generation is currently slightly under forecast at 14.1GW and due to peak at 17.8GW tonight and then slowly fall throughout tomorrow to 11.5GW tomorrow. Solar is due to peak at 7.9GW at 1pm. ·Current intraday power price at time of writing was £98.00/MWh with gas providing 4.0%/1.41GW, wind providing 52.4%/18.50GW, solar providing 6.9%/2.45GW and nuclear providing 15.3%/5.39GW of UK demand. ·DA gas is currently trading at 75.00p/th (2.56p/KWh) ·DA power is trading at £38.50MWh (3.85p/KWh) Month ahead (May 24) ·May NBP gas is currently down 1.11% at 75.53p/th (2.58p/KWh). ·May TTF gas is currently down 1.19% at €30.39MWh. ·May UK Baseload is currently trading at £68.00MWh (6.8p/KWh) ·UK gas prices continued to rise on Friday on both the spot and curve, with the DA price climbing 4.39% and the Win24 contract climbing 3.29%, on concerns about the Russian attacks on Ukrainian energy infrastructure and the drop in feedgas volumes to the Freeport LNG facility to near zero; the tension between Iran and Israel added some further bullish momentum. ·UK power prices followed a similar pattern to last Friday, with the DA contract falling 64.24% due to the forecast high wind generation and reduced demand over the weekend. Along the curve, prices extended their bullish rally, driven by the gas and carbon market, attributed to the Russian attack in Ukraine and the Freeport issues, with the Win24 contract climbing nearly 3%. ·Oil prices are down over 1% this morning as market participants dialled back risk premiums following Iran’s weekend attack on Israel that the Israeli government said caused limited damage. ·Latest forecasts show temps to be slightly below norms till the 19th where they go back to norms. ·We are expecting 4 LNG cargoes in April. ·UK Gas prices as of Fridays close - o Month ahead 76.38p/th (2.61p/KWh) up 3.65% DoD* o Q3 24 77.83p/th (2.66p/KWh) up 4.02% DoD o Winter 24 94.00p/th (3.21p/KWh) up 3.29% DoD ·UK Power prices as of Fridays close – o Month ahead £65.00/MWh (6.50p/KWh) up 3.42% DoD* o Q3 24 £70.04MWh (7.00p/KWh) up 3.21% DoD o Winter 24 £84.20MWh (8.42p/KWh) up 2.87% DoD *DoD = Day on Day All prices and info correct at time of writing. Eco Logic Partners Jason Gary William Sam Karl Martin Chart credit - e*star #trading #energy #power #gas #markets #renewables #wind #lng #energymarkets
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Tariff Tribe
Tariff Tribe offer cost-effective energy deals for your business. Historically, energy brokers have applied a markup to all energy prices in the UK, disproportionately affecting small to medium-sized companies. Our platform takes small business energy use, collates groups of companies, showing a higher energy usage for suppliers to bid against (the economies of scale). You benefit from reduced energy costs. Register your business here: https://bit.ly/49nQiy7 Message me for more information. #energy #UKenergymarket #costeffectiveenergy #tarifftribe
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Adam Hall
I’m proud to share that we delivered the largest dividend to customers of any I&C-only provider involved in the latest Demand Flexibility Service for the second year running. 📢 The Demand Flexibility Service (#DFS) is National Grid ESO power demand reduction service, rewarding businesses with electric assets for turning down their consumption at peak times. Our participating customers were spread across utilities, agricultural, automotive and professional services sectors. Collectively, they 👇 📉 Reduced power demand by 357MWh 💸 Generated a revenue of nearly £1.2m Both these figures were up against those we achieved for our customers last year – a particularly impressive feat given that NGESO removed guaranteed flexibility reward prices for the second half of the test events. Providing demand-side #flexibility is a key part of enabling a #NetZero grid in the UK, and we’re pleased to be working alongside NGESO to give our customers the best opportunity to do this. https://lnkd.in/eKJM6gZw Drax Energy Solutions ⚡
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Andrew Stead ⚡️🚙
🚗 Sainsbury's Smart Charge Unleashes Nectar Magic! 🚗 Calling all electric vehicle #EV #enthusiasts Buckle up, because Sainsbury's just pulled a rabbit out of its charging port. 🐰🔌 And now, drumroll, please... Smart Charge is the first EV charging service to team up with Nectar, the UK's biggest multi-partner loyalty program. 🎉 **🍯 Sweet Rewards** Here's the scoop: When you plug in at one of Sainsbury's 400 Smart Charge bays, you're not just juicing up your battery. You're earning Nectar points! 🤑 1 Nectar point for every pound spent. Charge your EV, collect points, and feel like a savvy shopper. **🌟 The 50th Smart Charge Location** To celebrate this electrifying partnership, Sainsbury's just opened its 50th Smart Charge location at the London Enfield Superstore. It's like a pit stop for your EV, with bonus points! 🏁 Patrick Dunne, Sainsbury's Director of Property, Procurement & EV Ventures, said, "We're making history, folks! Charging your EV now comes with perks. Plus, you can grab a snack while your car powers up. It's a win-win!" 🎤🎙️ #ev #evcharging #cpo Plug Me In
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13 Comments -
Daniel Starman
📈 Transmission Network Use of System (TNUoS) demand charges could increase by around 33% for businesses from 1 April 2025. That's according to National Grid's 5 Year View, published last week. 📊 The fixed, HH and NHH charges are all expected to rise on average. But as the fixed component is now the vast majority of TNUoS (read: all of the tariff for anyone north of the midlands), its the 33% increase to the fixed tariff that will have the most influence. This follows a reduction in 2024-25 TNUoS compared to last year's levels ☝ The longer term forecast out to 2029-30 predicts smaller year-on-year rises to TNUoS. Although clearly there is a lot to be finalised between now and then, including the RIIO-ET3 price control. 🧔 A standard Low Voltage Site Specific Residual Band 2 customer might expect to see an increase from £2,640/year in 2025/26 to £3,010/year in 2029/30, based on these figures. Read the following link for more Intelligence: https://lnkd.in/eatuuaJ5
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Nick Scott
🌞 Big News for Businesses Considering Solar! 🌞 As we continue to navigate towards sustainable business practices, understanding policy changes that support green energy adoption is crucial. This recent article outlines significant updates in solar energy policies, making photovoltaic systems more attractive and viable for commercial buildings. Whether you're already considering solar energy solutions or just starting to think about your environmental impact strategies, this article provides essential insights that could help inform your decisions. Read the full article here and see how these changes might benefit your business: https://lnkd.in/eR8ntv-8 Let's make the most of these new opportunities and lead the change towards a more sustainable future! 💡🌍 #SolarEnergy #Sustainability #BusinessInnovation #EnvironmentalStewardship #RenewableEnergy
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Kirk Wilson
Great British Energy which will be launched in the next 2 months will offer the following benefits for Domestic customers. Based on what has been published so far, GB Energy aims to: Lower energy bills for every household by an average of £300 a year. Increase energy security by reducing the UK’s reliance on imported fossil fuels from countries like Norway, Qatar, the US and Russia. Take on the challenge of delivering green electricity by 2030, through increased use of renewable energy sources. Create 650,000 new jobs in all parts of the UK through local energy generation. You can see a regional breakdown of new jobs on the Great British Energy website. How will GB Energy be funded? GB Energy is part of the new government’s Green Prosperity Plan, which it says will be funded by two sources: an increased windfall tax on oil and gas companies (£1.2 billion over the course of the parliament) Responsible borrowing When the government says responsible borrowing, this investment will cost billions and billions so an Increase in Non-commodity costs 100% will happen also. Remember 65% of the customers Electricity delivered price is this element and will increase. If you have any commercial energy contracts up for renewal in the next 24 Months please get in touch to future proof your contracts against any further increases.
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Marius Pantea
📢 Attention British Gas, Octopus, Eon, and EDF customers in the UK! We have an important message for you. According to a recent report by Birmingham Live, customers who were billed £122 or more in July are advised to review their statements. This issue affects many customers and it's important to make sure your billing is accurate. Stay informed and ensure you are being billed correctly. Check your recent statements and reach out to your energy provider if you have any concerns. #EnergyBilling #CustomerAlert #UKUtilities https://ift.tt/ogulIC3
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Jonathan Howells
Morning Briefing 26/04/2024 Day ahead (DA)/Intraday ·Demand is currently at approx. 32.9GW and due to peak this evening at 34.7GW. ·DA markets auctioned between £63 - £101 yesterday for today. ·Baseload auctioned at @ £77.04 in the 1hr and £76.46 in the 30min auction. ·Wind generation is currently slightly above forecast at 1.9GW but due to be as low as 1.3GW this evening and then climb slowly to 3.6GW tomorrow evening. Solar is due to peak at 6.3GW at 1pm. ·Current intraday power price at time of writing was £97.50/MWh with gas providing 40.3%/13.29GW, wind providing 7.5%/2.48GW, solar providing 6.2%/2.03GW and nuclear providing 16.4%/5.39GW of UK demand. ·DA gas is currently trading at 77.67p/th (2.65p/KWh) ·DA power closed at £66.00/MWh (6.6p/KWh) Month ahead (May 24) ·May NBP gas is currently up 1.69% at 75.75p/th (2.59p/KWh). ·May TTF gas is currently up 1.41% at €30.19MWh. ·May UK Baseload closed at £65.25MWh (6.53p/KWh) ·UK gas prices rose yesterday, with the DA contract climbing 1.98% due to the colder temps and reduced gas flows from Norway. Along the curve, the Win24 contract rose 1.83% as news of unplanned maintenance at Freeport LNG hit the market and worries of reduced supply added to the bullish sentiment. ·UK power prices also had a positive day, with the DA contract rising 2% due to the drop in renewables forecast for today. Along the curve, prices didn’t react as much as the gas market but were still bullish, with the Win24 contract climbing 0.78% tracking the gas sentiment due to worries about reduced supply. ·Freeport LNG, the second largest LNG facility in the US, reported another outage of its third train yesterday, currently only one not under maintenance at its Texas terminal, days after productions appeared to resume. ·Oil prices rose are up this morning, on track to end higher this week after two straight weeks of losses, after a top U.S. official expressed optimism over economic growth and as supply concerns lingered due to conflicts in the Middle East. ·Latest forecasts now show temps to be warmer next week than forecast. ·We are expecting 2 LNG cargoes in the coming weeks. ·UK Gas prices as of Thursdays close - o Month ahead 74.49p/th (2.54p/KWh) up 2.59% DoD* o Q3 24 74.98p/th (2.56p/KWh) up 2.22% DoD o Winter 24 90.90p/th (3.10p/KWh) up 1.83% DoD ·UK Power prices as of Thursdayss close – o Month ahead £63.80/MWh (6.38p/KWh) up 2.24% DoD* o Q3 24 £67.31MWh (6.73p/KWh) up 1.08% DoD o Winter 24 £80.84MWh (8.08p/KWh) up 0.78% DoD *DoD = Day on Day All prices and info correct at time of writing Eco Logic Partners Jason Gary William Karl Sam Martin Chart credit - e*star #trading #energy #power #gas #markets #renewables #wind #lng #energymarkets
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Jonathan Howells
Morning Briefing 24/06/2024 Day ahead (DA)/Intraday ·Demand is currently at approx. 27.5GW and due to peak this evening at 28.4GW. ·DA markets auctioned between £68 - £110 yesterday for today. ·Baseload auctioned at @ £83.21 in the 1hr and £82.53 in the 30min auction. ·Wind generation is currently at 2.4GW and due to peak this evening at 5.3GW, then drop back own to 1.3GW tomorrow morning. Solar is due to peak at 7.7GW at midday. ·Current intraday power price at time of writing was £89.92/MWh with gas providing 29.6%/8.60GW, wind providing 10.1%/2.94GW, solar providing 8.7%/2.53GW and nuclear providing 17.2%/5.00GW of UK demand. ·DA gas is currently trading at 80.30p/th (2.74p/KWh) ·DA power is currently trading at 85.00/MWh (8.50p/KWh) Month ahead (July 24) ·July NBP gas is currently down 0.01% at 79.15p/th (2.70p/KWh). ·July TTF gas is currently down 0.03% at €33.93MWh. ·July UK Baseload closed at £69.00/MWh (6.90p/KWh) ·UK gas prices declined on Friday, with the DA price falling 0.99% due to the forecast warmer weather. Along the curve, the Win24 contract fell 1.36% due to increased temps and solar forecast reducing demand. ·UK power prices followed the gas sentiment, but with a better reaction, with the DA price falling 3.34% as temps climbed and demand was reduced. Along the curve we saw the same, with the Win24 contract falling 3.04% as we expect to see high temps this week which should reduce demand. ·Equinor's Hammerfest LNG plant in Arctic Norway experienced a sudden power loss, halting all production, the company announced Sunday. Europe's largest LNG export facility stopped production late Saturday and is expected to remain offline until 7pm today, according to a regulatory disclosure. ·Oil prices were slightly down this morning as concerns of higher-for-longer interest rates resurfaced and lifted the dollar, offsetting support for oil markets from geopolitical tensions and OPEC+ supply cuts. ·Latest forecasts continue to show warmer weather being expected, with temps this weeks to be 4-5 degrees above seasonal norms. ·We are expecting 1 LNG cargo in the coming weeks. ·UK Gas prices as of Fridays close - o Month ahead 79.15p/th (2.70p/KWh) down 1.54% DoD* o Q4 24 96.69p/th (3.30p/KWh) down 1.40% DoD o Winter 24 99.36p/th (3.39p/KWh) down 1.36% DoD ·UK Power prices as of Fridays close – o Month ahead £72.05/MWh (7.21p/KWh) down 4.06% DoD* o Q4 24 £84.49MWh (8.45p/KWh) down 3.15% DoD o Winter 24 £87.52Wh (8.75p/KWh) down 3.04% DoD *DoD = Day on Day All prices and info correct at time of writing. Eco Logic Partners Jason Gary William Sam Karl Martin Chart credit - e*star #energy #power #gas #markets #renewables #wind #lng #energymarkets #norway
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