Wholesale power and gas prices have surged significantly in the past year and have been highly volatile alongside rapidly unfolding geopolitical events. This summer, the overall direction of energy prices could move in a number of ways, dependent on further sanctions and counter-sanctions between Russia and the West, as well as wider market fundamentals and short-term events.
This week’s Chart of the Week highlights the wide range in prices that we have seen in the past year, and Cornwall Insight’s Summer Outlook webinar on 10 May will explore the key drivers expected for the summer period.
