Daily Energy Market Report & Business Rates | Smart Energy Co

Thomas McGlynn • 23 April 2025

๐Ÿ“ข Daily Energy Market Report – 23/04/2025

From The Smart Energy Company – Specialists in Business Energy Contracts

A daily energy market update with a picture of a power tower.

๐Ÿง  Key Takeaways


  • โœ… Gas and power both slipped Tuesday as economic fears weighed on markets
  • โœ… Front-month gas down 3.76% as EU storage injections ramp up
  • ๐Ÿ›ข Oil rebounded 1.8% on fresh Iran sanctions and easing trade tensions
  • ๐Ÿ“‰ Analysts say market isn’t oversupplied – but economic headwinds persist
  • ๐ŸงŠ Storage growth beating 5-year average: 48–59 bcm still needed to hit targets

๐Ÿ“Š 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 โœ… ๐Ÿ”ป -2.14% โœ… ๐Ÿ”ป -0.56%
Last Week 82.60 65.49 โŒ ๐Ÿ”บ +2.30% โŒ ๐Ÿ”บ +35.90%
Last Month 103.00 63.57 โœ… ๐Ÿ”ป -17.96% โŒ ๐Ÿ”บ +40.00%
Last Year 75.00 73.00 โŒ ๐Ÿ”บ +12.67% โŒ ๐Ÿ”บ +21.92%

๐Ÿง  Business Insight


  • โœ… Gas has dropped 18% from a month ago – another key savings window
  • โ— Power surged 35% in a week – still worth benchmarking now
  • ๐Ÿ“Œ Storage progress may help cap price spikes – but nothing’s guaranteed

๐Ÿ“… 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 โœ… ๐Ÿ”ป -3.33% โœ… ๐Ÿ”ป -1.20%

๐Ÿ“Œ Fixed-term gas contracts for May remain below April's close. A good time to review your options.

โšก What’s Driving the Market?


๐Ÿ”น 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


๐Ÿ“Œ Mild temperatures and above-average storage are supporting current softness


๐Ÿ”น 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


๐Ÿ“Œ A fairly balanced picture for demand – but volatility can return fast


๐Ÿ”น 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


๐Ÿ“Œ Oil has regained momentum – but broader sentiment remains fragile

๐Ÿ“ˆ Recent Market Trends (See Graph Below)


  • โœ… Gas: Still 18% lower than last month
  • โšก Power: Surged short term – a smart time to benchmark
  • ๐Ÿ›ข Oil: Back near $67, but macro worries remain
A graph of last 6 month day annual wholesale market reports

๐Ÿ“… Energy Contract Advice Based on Your Renewal Window


๐Ÿ“Œ Advice Based on Your Renewal Timeline:

  • ๐Ÿ‘‰ Renewing Within 3 Months

    โœ… Month-ahead gas is well below spring highs – a great time to fix

  • ๐Ÿ‘‰ Renewing Within 3โ€“6 Months

    ๐Ÿงฎ Use today’s pricing to set a benchmark and review weekly

  • ๐Ÿ‘‰ 6+ Months Out?

    ๐Ÿ“Š Request a quote and track trends monthly – prep for a mid-year refresh

๐Ÿ“ž 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.


๐Ÿ“ž Call us: 0151 459 3358
๐Ÿ“ง Email:   info@smart-energy.uk

๐Ÿง  Final Thoughts from The Smart Energy Company


  • โœ… Gas prices are comfortably lower than April highs
  • โš ๏ธ Storage optimism helps – but summer supply still uncertain
  • ๐Ÿ”Ž Lock in fixed quotes early to beat the next round of volatility

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