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Energy efficiency is a measure of energy used for delivering a given service. Improving energy efficiency means getting more from the energy that we use. DECC - Energy Efficiency Strategy: 'The Energy Efficiency Opportunity in the UK'

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  • Oil prices continued to push through recent highs, although increased supplies flowing from US wells helped to temper the effect of the unrest in Iran. Gas was in oversupply for most of the week, keeping prices low in the short and medium term. Strong wind generation with lower forecast temperatures helped electricity to remain stable. Read More...
  • With the market closed on both Christmas and Boxing Day, it reopened on the Wednesday with gas prices finishing lower due to strong domestic supply conditions. However, a combination of an undersupplied system and below seasonal average temperatures saw some volatility towards the end of the week, with things finally settling on Friday afternoon. Read More...
  • A shutdown of the North Sea Forties pipeline, which connects a significant number of gas fields to the British mainland, followed by an explosion at a large Austrian gas hub, caused a surge in both gas and electricity prices early in the week. Although the issues were resolved later, gas prices still ended the week nearly 5% up from the previous period. Read More...
  • Below seasonal temperatures caused the short-term market for gas and electricity to push up slightly, electricity protected somewhat by good wind generation. Longer term news was better with contracts 12 months ahead falling,  helped again by the oil price continuing to be steady. Read More...
  • The forecast for milder temperatures over the weekend have helped to keep the short-term prices for both gas and electricity in check, despite some significant demand levels at the end of the week. Longer term prices for both were helped by a more stable oil price and the slight strengthening of the Pound against the Euro. Read More...

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