Daily Energy Market Report & Business Rates | Smart Energy Co
๐ข Daily Energy Market Report – 23/04/2025
From The Smart Energy Company – Specialists in Business Energy Contracts

๐ง Key Takeaways
- โ Gas and power both slipped Tuesday as economic fears weighed on markets
- โ Front-month gas down 3.76% as EU storage injections ramp up
- ๐ข Oil rebounded 1.8% on fresh Iran sanctions and easing trade tensions
- ๐ Analysts say market isn’t oversupplied – but economic headwinds persist
- ๐ง Storage growth beating 5-year average: 48–59 bcm still needed to hit targets
๐ Gas & Electricity Price Movements
Date | Gas Price (p/th) | Power Price (£/MWh) | % Change (Gas) | % Change (Power) |
---|---|---|---|---|
Today (23/04/2025) | 84.50 | 89.00 | - | - |
Previous Day | 86.35 | 89.50 | โ ๐ป -2.14% | โ ๐ป -0.56% |
Last Week | 82.60 | 65.49 | โ ๐บ +2.30% | โ ๐บ +35.90% |
Last Month | 103.00 | 63.57 | โ ๐ป -17.96% | โ ๐บ +40.00% |
Last Year | 75.00 | 73.00 | โ ๐บ +12.67% | โ ๐บ +21.92% |
๐ง Business Insight
- โ Gas has dropped 18% from a month ago – another key savings window
- โ Power surged 35% in a week – still worth benchmarking now
- ๐ Storage progress may help cap price spikes – but nothing’s guaranteed
๐ Month-Ahead Energy Price Movements – May 2025
May 2025 | Gas (p/therm) | Electricity (£/MWh) |
---|---|---|
Today (Open) | 83.99 | 73.90 |
Previous Day (Close) | 86.88 | 74.80 |
Change | โ ๐ป -3.33% | โ ๐ป -1.20% |
๐ Fixed-term gas contracts for May remain below April's close. A good time to review your options.
โก What’s Driving the Market?
๐น Gas Market Overview
- NBP front-month lost 3.76% on Tuesday to 83.79 p/th
- TTF front-month fell 3.96% to 34.24 €/MWh
- EU storage injections reached 1.6 bcm last week – well above the 5-year avg
- To hit 80–90% by winter, 48–59 bcm more needed
- At time of writing:
- NBP at 87.75 p/th
- TTF at 35.65 €/MWh
- Hammerfest LNG offline for maintenance until July
- Shell pushing forward with Venezuelan Dragon gas field prep
- Analysts say despite gains, oversupply risk is low
๐ Mild temperatures and above-average storage are supporting current softness
๐น Power Market Overview
- Power prices dipped slightly to £89.00/MWh despite broader pressure
- Wind generation forecasts remain low in short term
- Mild weather = reduced gas-for-power demand
- Europe still running 2–5°C above seasonal norms this week
- UK wind will stay below seasonal norms through early May
๐ A fairly balanced picture for demand – but volatility can return fast
๐น Oil Market Overview
- Brent crude rose 1.8% to $67.44/bbl
- New sanctions on Iran reversed Monday’s drop
- Trade optimism: US Treasury suggests renewed talks with China
- Trump again pressuring Fed for interest rate cuts
- Gold hits $3,450 as investors seek safer assets
๐ Oil has regained momentum – but broader sentiment remains fragile
๐ Recent Market Trends (See Graph Below)
- โ Gas: Still 18% lower than last month
- โก Power: Surged short term – a smart time to benchmark
- ๐ข Oil: Back near $67, but macro worries remain

๐ Energy Contract Advice Based on Your Renewal Window
๐
Advice Based on Your Renewal Timeline:
๐ Renewing Within 3 Months
โ Month-ahead gas is well below spring highs – a great time to fix
๐ Renewing Within 3โ6 Months
๐งฎ Use today’s pricing to set a benchmark and review weekly
๐ 6+ Months Out?
๐ Request a quote and track trends monthly – prep for a mid-year refresh
๐ Lock In a Fixed Energy Quote While Rates Remain Low
Don’t leave your business exposed to market volatility.
Speak to
The Smart Energy Company for expert advice and a
no-obligation fixed-term quote from over 28 trusted suppliers.
๐
Call us: 0151 459 3358
๐ง
Email: info@smart-energy.uk
๐ง Final Thoughts from The Smart Energy Company
- โ Gas prices are comfortably lower than April highs
- โ ๏ธ Storage optimism helps – but summer supply still uncertain
- ๐ Lock in fixed quotes early to beat the next round of volatility
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