Energy markets in focus: Iran tensions, gas volatility and power price trends

Описание: Geopolitical tensions between Iran and the US continue to drive volatility in energy markets throughout May. Proposals have sparked brief optimism but are often rejected, quickly renewing uncertainty and keeping traders on edge.

Despite a ceasefire, ‘defensive’ strikes persist. Gas prices ended the month broadly flat but saw significant fluctuations, while power prices rose around 4%, supported by higher carbon costs and ongoing gas market sensitivity.

With EU carbon reduction proposals rejected and volatility still present, markets remain heavily influenced by geopolitics.

Emma Trevor from npower Business Solutions (nBS) joins David Rose (nBS) to unpack the key drivers and what businesses should watch heading into June.

00:00 Key questions Emma will be answering
00:26 The latest developments with the conflict in the Middle East
01:34 How has this impacted gas prices?
01:59 Are we seeing any different trends with power prices?
02:54 Why are carbon prices linked to power prices?
03:24 How does the US-Iran conflict compare to the Russia-Ukraine conflict?
04:26 What is the latest update on UK storage levels?
06:00 Could there by any government intervention if the conflict continues?
06:37 Why are gas prices not decreasing when the weather is warmer
07:58 What is the one key thing businesses should watch as we head into June?