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Energy efficiency is not just low-hanging fruit; it is fruit on the ground. Stephen Chu, US Secretary of Energy

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  • With the average temperatures showing more than 6°C lower than seasonal norms this week, forecasts saw the short-term markets over 40% higher (week on week) for gas and over 20% on electricity. The forecasts also suggest that this may be the case until mid-March. Read More...
  • For most of the week, electricity tracked gas prices, which were up due to temperature forecasts pushing up demand and increased Brent crude oil prices. In addition, variable wind generation and a strong peak demand left last electricity ending the week high. Read More...
  • Longer-term prices for electricity and gas followed oil and coal downwards. This was also the trend for the short-term market, which was helped down by temperatures that were forecast to be slightly higher than expected and good wind generation. Read More...
  • Shorter-term prices for gas increased slightly due to the colder weather, but this is not expected to persist. Supplies remain healthy so longer-term prices have fallen slightly. Following a sustained period of falls in recent months, electricity is showing signs of stabilising. Read More...
  • Most factors kept the downward pressure on prices this week. Strong gas imports, higher than expected temperatures and currency gains all helped to push short and long-term prices down past September 2017 levels. Read More...

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