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Energy Contracts and Prices

Keep up-to-date with the latest news on energy contracts and prices with updates from the GrowSave team.

 

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    Chris

    After gas prices increased for the majority of the summer, last week we finally saw them start to go down. The decreases were caused by a combination of Norwegian gas being back up and running, following planned maintenance last week, and increased wind output. More
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    Chris

    Weakened gas supply conditions caused by further outages in Norway saw sharp increases last week. The outages are expected to last around two weeks so could continue to leave the market undersupplied and the prices to rise further. Electricity was more volatile and though it tracked gas for the majority of the week, strong wind outputs reduced the demand for expensive gas-for-power generation softened the increases slightly. More
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    Chris

    There were a number of gas outages, which caused prices to rise further and electricity followed these increases. Poor wind generation continued this week, creating higher demand for more expensive gas based generation. Oil prices also rose due to concerns about Iranian oil exports and the weakening of the pound, due to further concerns over Brexit negotiations earlier in the week. More
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    Chris

    Despite strikes at Total’s North Sea gas platform, the market started the week oversupplied creating a small fall in prices. However, by Tuesday, the effects of the strike were in full force and the market became undersupplied, sending prices up by over a penny. More
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    Tim

    Gas-Day Ahead prices rose due to a planned outage at a Norweigan processing plant. We will see if the planned return to service on 22 August comes good. Further forward, the upturn in prices seen last week continues. Electricity - is following gas pretty much £1/MWh for every 1p/Th increase. More
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    Chris

    Gas prices were volatile to start with, seeing some slight reductions early on due to unplanned gas outages in Norway. Cooler temperatures increased demand above seasonal average towards mid-week, with things settling towards Friday, thanks to improved supply conditions. More

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