Energy prices

Flight3287462

Looking at Dutch TTF prices suggest prices are going to remain high until at least Spring 2023.  That equates to three rounds of the price cap.

spot1034

Predicting future prices is an inexact science. The market reflects what buyers are prepared to pay right now and might bear little resemblance to what the actual price turns out to be on the day. Remember the warning that there would be a shortage of turkeys at Christmas - if you'd waited till Christmas Eve you could have picked one up  for 75% discount!

Astria

spot1034 said:

Predicting future prices is an inexact science. The market reflects what buyers are prepared to pay right now and might bear little resemblance to what the actual price turns out to be on the day. Remember the warning that there would be a shortage of turkeys at Christmas - if you'd waited till Christmas Eve you could have picked one up  for 75% discount!

and it would have most likely been rotten inside!

Which is why I went for chicken

Flight3287462

spot1034 said:

Predicting future prices is an inexact science. 

Of course it us, of it wasn't we'd all be millionaires.

But you have to read the runes.  The geopolitical aspects, environmental issues, expansion/contraction of capex, competing technologies etc etc

But news such as this, this morning suggests prices are going to stay well above norms for a good while yet.

Russia: EU renews economic sanctions over the situation in Ukraine for further six months

The Council today decided to prolong the restrictive measures currently targeting specific economic sectors of the Russian Federation by six months, until 31 July 2022. The Council decision follows the latest assessment of the state of implementation of the Minsk agreements - initially foreseen to happen by 31 December 2015 - at the European Council of 16 December 2021.

https://www.consilium.europa.eu/en/press/press-releases/2022/01/13/russia-eu-renews-economic-sanctions-over-the-situation-in-ukraine-for-further-six-months/