Energy Partners Ireland

Energy Market Update ⚡
Our latest review of the NBP gas forward market shows prices remaining firm through the remainder of 2026, reflecting continued winter supply and geopolitical risks. However, the forward curve falls significantly into 2027 and further again into 2028, indicating expectations of improved supply conditions and greater LNG availability. For businesses reviewing energy contracts, this significant difference between near-term and longer-term pricing highlights the importance of carefully considering contract timing and flexibility. We continue to monitor the market closely and assess these movements when advising clients on their energy procurement strategy.

⛽ Energy Market Update

Worth keeping an eye on this developing story, particularly for businesses exposed to energy and fuel costs. Diesel supply is currently under pressure in the UK, with ongoing geopolitical tensions and disruption to global energy supply contributing to increased volatility across the wider European energy market.

For businesses, this highlights the importance of keeping a close eye on wholesale energy markets and understanding how global supply issues can feed through into energy costs.

👉 Read the full Sky News article here:

Britain is running low on diesel - how worried should we be? Sky's Ed Conway explains why diesel prices are rising and why the UK is among the most vulnerable if President Donald Trump bans the export of US diesel.

https://www.theguardian.com/world/2026/jul/16/us-intensifies-attacks-on-iran-as-tehran-hits-back-at-gulf-states

Navigating Energy Market Volatility: Staying Informed and Resilient

In light of recent developments in the Middle East and the resulting uncertainty in global energy markets, we know many of our customers are looking for clarity regarding what this means for energy rates and supply stability.

At Energy Partners, we are closely monitoring the situation to ensure you remain informed.

The Current Market Landscape While the conflict has introduced renewed volatility, it is important to note that global energy markets have shown significant resilience compared to previous crises. Thanks to diversified supply chains, strategic reserves, and global efforts to manage demand, the market has, so far, been able to absorb the initial shocks more effectively than many had initially feared.

Price Outlook: While energy prices remain higher than pre-conflict levels, the market is currently benefiting from emergency buffers and coordinated international responses. We are keeping a close watch on potential fluctuations to provide you with the most up-to-date guidance.

Supply Security: Current data indicates that storage levels for the coming winter season remain on target. Energy infrastructure is being managed to prioritize security of supply, ensuring that the lights stay on and operations continue smoothly.

Our Commitment: Our focus remains on helping you navigate this period of uncertainty. Whether it is through energy efficiency initiatives, demand management, or helping you understand your rate structure, we are here to support your business’s resilience.

Looking Ahead Geopolitical events remind us that energy security is more than just a matter of supply, it is a core pillar of economic stability. We believe that this environment reinforces the value of energy diversification and efficiency as tools to protect your bottom line against future shocks.

We will continue to provide updates as the situation evolves. In the meantime, please feel free to reach out to our team if you have specific questions about your energy plans or need advice on optimizing your energy usage.

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US intensifies attacks on Iran as Tehran hits back at Gulf states Sixth day of fighting threatens to turn into all-out war and casts serious doubt on peace deal struck last month

The next 48 hours could tell us a LOT about where global energy prices are heading.
Tensions in the Middle East and the Strait of Hormuz — one of the world’s most important oil and LNG shipping routes — are now reaching a critical point.
With reports of increased US naval positioning, including the movement of Ohio-class ballistic missile submarines through Gibraltar, pressure is building rapidly on Tehran to make a decision.
At this stage, it’s very much a “commet or quit” moment for Iran.
If the situation stabilises, wholesale electricity and gas prices could fall sharply over the coming weeks.
If it escalates again, markets could react just as quickly in the opposite direction.
For businesses coming up for electricity or gas renewal, timing has never been more important.
At Energy Partners, we are monitoring wholesale markets daily and advising customers when to:
Fix rates
Stay flexible
Or move onto tracked/wholesale products with the option to fix later
The energy market is moving fast — and the next few days may shape pricing for the rest of 2026.
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US submarine sails from Gibraltar after short visit Photos and video courtesy of David Parody. A US Navy nuclear-powered ballistic missile submarine sailed from Gibraltar on Tuesday morning after a short stop. The vessel arrived on Sunday evening under heavy armed es**rt and berthed on the South...

With the recent cost-of-living protests across Ireland, the pressure on energy costs is very real for businesses and households alike. A large portion of electricity bills now comes from non-energy charges like network costs and levies — not the actual electricity itself. If there’s any real benefit to EU involvement, this push to fund grid upgrades at a European level should help reduce the burden on Irish consumers. It’s time these costs are addressed to bring meaningful relief where it’s needed most.

Electricity bills could fall as European Commission pushes State to pay for cost of grid upgrades Households could see some of the taxes and charges that make up their electricity bill fall.

Ireland & Oil – What’s the Reality?

With oil prices rising, many are asking if Ireland should reopen offshore oil exploration. The short answer: it wouldn’t have a major impact on prices or supply.

Ireland uses around 120,000 barrels of oil per day, but our only refinery in Whitegate can process about 75,000 barrels — and not all of that becomes usable fuel like petrol or diesel.

Whitegate can cover most petrol demand
Only ~40% of diesel demand
Just ~15% of home heating oil

The rest is imported, mainly from the UK.

Even if Ireland produced its own oil offshore:

It wouldn’t increase fuel output (we’re limited by refinery capacity)
It wouldn’t reduce prices (oil is sold at global market rates)

Ireland has strong supply security, but poor price control — because global markets and taxes drive what we pay, not where the oil comes from.