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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    Tim

    Higher than expected demand overall last week, combined with lower than average temperatures, saw increases in the short-term gas and electricity markets. Longer-term increases followed oil in its relentless rise to 3-year highs. More
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    Jon

    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. More
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    Chris

    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. More
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    Chris

    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. More
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    Tim

    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. More
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    Chris

    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. More

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