It is perhaps unsurprising to highlight that global energy markets have been exposed to significant volatility in recent years. Whether this be through the emergence of a global pandemic, dampening demand and drastically altering consumption behaviour thereafter, to the Russian invasion of Ukraine which resulted in significant changes to historic levels of energy exports to Europe from Russia.
In this week’s ‘Chart of the Week’, we take a look at what has underpinned a shift from the UK historically being a net importer, to now a net exporter of power and gas for much of 2022 to date.