Peak vs baseload forward curves: understanding spreads and risk
Peak and baseload forward curves price the same power market in different ways, and the gap between them shows where price risk really sits.
How to read a power forward curve and what it signals about future prices
A power forward curve reflects the market's present expectations of supply, demand...
What are small modular reactors? A beginner’s guide to SMRs
A small modular reactor is a nuclear plant built in a factory and assembled on site,...
What are negative power prices? Why they happen and who benefits
Negative power prices happen when there is more electricity on the grid than people...
What is energy security? How geopolitical risk reshapes power and gas prices
Energy security is a country's ability to keep reliable, affordable energy flowing, and when geopolitical events threaten that supply, power and gas
Reading LNG cargo pricing against pipeline gas benchmarks like TTF and NBP
LNG cargoes delivered into Europe are commonly priced against the TTF or NBP gas hubs, so knowing how these benchmarks relate to each other helps buyers and
What is the merit order, and how are power prices set?
Almost every power price movement comes back to the same mechanism: the merit order, the ranking that decides which plant runs and which one sets the price
What are day-ahead, intraday and balancing markets? A simple guide to power trading
Europe's electricity system runs on three connected markets, day-ahead, intraday and balancing, that let traders and grid operators keep supply and
LNG and European power prices: how global gas markets shape electricity trading
Throughout most of its history, European electricity trading was primarily a regional activity. Prices fluctuated based on weather conditions, plant
Sanctions, infrastructure disruption and electricity markets: pricing geopolitical risk
Most geopolitical risks are gradual. Tensions build, relationships deteriorate and markets adjust incrementally. Sanctions and infrastructure disruption are
Structural volatility in power markets: why the old pricing regime has disappeared
Since 2021, European power markets have moved into a new era of volatility, and the causes behind it suggest this is a lasting shift rather than a passing
Energy security and market design: how governments reshape power trading
Power markets were built for a different era. Here's how governments are rewriting the rules of electricity trading to shore up energy security.
De-globalisation and regionalisation in energy markets: a trader's guide
For three decades, the dominant trend in global energy markets was integration. Trade flows expanded, price relationships across regions converged and the
What is driving the surge in AI data centre power demand?
For twenty years, data centre power demand stayed flat because efficiency gains kept...
Cross-commodity optimisation: integrating power, gas and carbon exposure
Electricity markets do not operate in isolation. Power prices are continually shaped by...
Flexibility in power markets explained: from concept to trading opportunity
As renewables reshape the grid, flexibility has become a core driver of power price...
Demand response as a trading asset: turning load into flexibility
When it comes to renewable energy, flexibility is not a quality usually associated with...
Alternative data in power trading: gaining an edge beyond traditional datasets
Power trading has historically relied on data, but the scope of what constitutes...
Grid congestion explained: why transmission constraints move electricity prices
As Europe's power system evolves, grid congestion is becoming a key driver of...